Polyester industry chain: raw materials are weakening again. Polyester market is deadlocked
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December 1, 2023, 4:05 PM I. the market trend chart of polyester industry chain
The market price index of ethylene glycol was 4076.78, down 6.64 from the previous working day.
China's PTA market price index was 5705 on Dec. 1, up 30% from the previous working day.
On December 1st, the market price index of polyester chips was 6650, unchanged from the previous working day. The market price index of polyester bottle chips was 6775 the same as that of the previous working day.
II. Summary of market price of polyester industry chain
|
Product |
Specifications |
Market |
2023.12.1 |
2023.11.30 |
Rise and fall |
Remarks |
|
PTA |
Spot |
East China |
5705 |
5675 |
+30 |
Self-withdrawing tax, yuan / ton |
|
Product |
Specifications |
Market |
2023.12.1 |
2023.11.30 |
Rise and fall |
Remarks |
|
Glycol |
Polyester grade |
East China |
4075 |
4085 |
-10 |
Self-withdrawing tax, yuan / ton |
|
Polyester grade |
South China |
4150 |
4180 |
-30 |
Short delivery including tax, yuan / ton |
|
|
Product |
Specifications |
Market |
2023.12.1 |
2023.11.30 |
Rise and fall |
Remarks |
|
Polyester chip |
Semi-light section |
East China |
6650 |
6650 |
0 |
Factory includes tax, yuan / ton |
|
Light slicing |
6675 |
6675 |
0 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2023.12.1 |
2023.11.30 |
Rise and fall |
Remarks |
|
Polyester bottle chip |
Aquarius level (IV.=0.8) |
East China |
6775 |
6775 |
0 |
Factory includes tax, yuan / ton |
|
Oil bottle grade |
6775 |
6775 |
0 |
Factory includes tax, yuan / ton |
||
|
Hot pot grade |
6775 |
6775 |
0 |
Factory includes tax, yuan / ton |
||
|
Carbonic acid grade |
6875 |
6875 |
0 |
Factory includes tax, yuan / ton |
||
|
Aquarius level (IV.=0.8) |
South China |
6775 |
6775 |
0 |
Factory includes tax, yuan / ton |
|
|
Oil bottle grade |
6775 |
6775 |
0 |
Factory includes tax, yuan / ton |
||
|
Hot pot grade |
6775 |
6775 |
0 |
Factory includes tax, yuan / ton |
||
|
Carbonic acid grade |
6875 |
6875 |
0 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2023.12.1 |
2023.11.30 |
Rise and fall |
Remarks |
|
Polyester filament |
Jiangsu and Zhejiang market POY150D/48F |
East China |
7475 |
7475 |
0 |
Factory includes tax, yuan / ton |
|
Jiangsu and Zhejiang market FDY150D/96F |
8125 |
8125 |
0 |
Factory includes tax, yuan / ton |
||
|
Jiangsu and Zhejiang market DTY150D/48F |
8800 |
8800 |
0 |
Factory includes tax, yuan / ton |
||
|
Jiangsu and Zhejiang market POY75D/72F |
7600 |
7600 |
0 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2023.12.1 |
2023.11.30 |
Rise and fall |
Remarks |
|
Polyester staple yarn |
Semi-glossy white 1.56: 38 |
Jiangsu Province |
7200 |
7200 |
0 |
Factory includes tax, yuan / ton |
|
Semi-glossy white 1.56: 38 |
Zhejiang |
7300 |
7300 |
0 |
Factory includes tax, yuan / ton |
III. Brief introduction of Polyester Industry chain Market
PTA
Today, the spot market range of East China PTA fluctuates, with a reference of 5705 yuan / ton. This week and next week, the main port delivery 01 discount 2-Shengshui 2 near the deal and negotiations. International crude oil rose sharply after closing down, commodity market atmosphere weakened, PTA futures market weakened. Spot base margin is adjusted slightly, traders and polyester factories are mainly buying rigid demand, and the market mentality is cautious. The short-term market is expected to maintain a weak adjustment.
Glycol
Today, the market price of ethylene glycol is in a narrow range. Under the pressure of the decline of the international crude oil market, the market mentality is cautious, and the focus of negotiations in the ethylene glycol market has fluctuated slightly. The quotation in East China revolves around 4075 yuan / ton, down 10 yuan / ton from the previous working day. The quotation in South China is around 4150 yuan / ton. Ethylene glycol port inventory remains high, downstream polyester load remains stable, and rigid demand is maintained. The market lacks continuous drive, and the ethylene glycol market is expected to remain volatile in the short term.
Polyester chip
Today, the polyester chip market maintains finishing. Polyester raw material PTA market weakens, cost end support is general, polyester chip market offer is stable, market transaction center of gravity is adjusted slightly. Downstream cautious follow-up, market production and sales light. It is expected that the polyester chip market will maintain the finishing operation in the short term.
Polyester bottle chip
Today's polyester bottle chip market is arranged in a narrow range. Polyester raw material PTA market is weak, the cost end support is insufficient, some bottle chip manufacturers offer down 50-70 yuan / ton, the market offer is low; downstream demand is weak, carefully wait and see the market trend. It is expected that the short-term lactone bottle market may maintain finishing.
Polyester filament
Today, the market of polyester filament is adjusted in a narrow range. Polyester costs support the market in general, the mainstream polyester filament factory quotation is stable, market concessions narrow, the market transaction center of gravity fluctuates slightly. Downstream demand is relatively weak, the market production and marketing is depressed. It is expected that the market price of filament will tend to be sorted out in the short term.
Polyester staple fiber
Today, the market of polyester staple fiber remains stable. The weak cost end is not enough to support the market, and the staple fiber market negotiates that the price remains stable. Downstream demand follow-up in general, market production and sales decline. It is expected that the short-term market price of polyester staple fiber will be maintained.
IV. Polyester Raw material Futures Market
PTA: December 1st PTA main 2401 contract opening price: 5752, lowest price: 5634, highest price: 5786, closing price: 5662, settlement price: 5708, down 14, position: 897027.
Ethylene glycol: December 1st EG main contract 2401 opening price: 4132, lowest price: 4075, highest price: 4148, closing price: 4109, settlement price: 4112, down 2, position: 347325.
V. production and marketing data of polyester market
|
Product |
2023.12.1 |
2023.11.30 |
Rise and fall |
Unit |
|
Polyester chip |
40% |
70% |
-30% |
% |
|
Polyester filament |
30% |
60% |
-30% |
% |
|
Polyester staple fiber |
30% |
130% |
-100% |
% |
VI. Future forecast
International crude oil market weakens, cost support is general, polyester raw material PTA and ethylene glycol market supply and demand end drive, it is expected that the short-term market will be weak adjustment, polyester raw material end drive, polyester market offer will be slightly adjusted with cost, downstream rigid demand stock, market production and sales light. Short-term polyester market prices are expected to fluctuate within a narrow range. In the later stage, we should pay close attention to the changes of the raw material market and the supply and demand of polyester itself.