Polyester industry chain: lack of cost support, polyester market remains weak
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December 5, 2023, 4:18 PM I. the market trend chart of polyester industry chain
On December 5th, the market price index of ethylene glycol was 4048.95, down 15.64 from the previous working day.
China's PTA market price index was 5650 on Dec. 5, down 40% from the previous working day.
The market price index of polyester chips was 6625, down 25% 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 |
2023.12.5 |
2023.12.4 |
Rise and fall |
Remarks |
|
PTA |
Spot |
East China |
5650 |
5690 |
-40 |
Self-withdrawing tax, yuan / ton |
|
Product |
Specifications |
Market |
2023.12.5 |
2023.12.4 |
Rise and fall |
Remarks |
|
Glycol |
Polyester grade |
East China |
4015 |
4050 |
-35 |
Self-withdrawing tax, yuan / ton |
|
Polyester grade |
South China |
4120 |
4130 |
-10 |
Short delivery including tax, yuan / ton |
|
|
Product |
Specifications |
Market |
2023.12.5 |
2023.12.4 |
Rise and fall |
Remarks |
|
Polyester chip |
Semi-light section |
East China |
6625 |
6650 |
-25 |
Factory includes tax, yuan / ton |
|
Light slicing |
6650 |
6675 |
-25 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2023.12.5 |
2023.12.4 |
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 |
2023.12.5 |
2023.12.4 |
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 |
2023.12.5 |
2023.12.4 |
Rise and fall |
Remarks |
|
Polyester staple yarn |
Semi-glossy white 1.56: 38 |
Jiangsu Province |
7175 |
7200 |
-25 |
Factory includes tax, yuan / ton |
|
Semi-glossy white 1.56: 38 |
Zhejiang |
7250 |
7300 |
-50 |
Factory includes tax, yuan / ton |
III. Brief introduction of Polyester Industry chain Market
PTA
Today, the East China PTA spot market continues to pull back, with a reference of 5650 yuan / ton. This week and next week, the main port delivery 01 liters of water 2-5 near the transaction and negotiations. International crude oil prices fell, commodity market atmosphere weakened, PTA futures market continued to decline. 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 narrow and weak. International crude oil prices fell and depressed, the market mentality was cautious, the focus of negotiations in the ethylene glycol market dropped slightly, and the quotation in East China revolved around 4015 yuan / ton, down 35 yuan / ton compared with the previous working day. The quotation in South China is around 4120 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 is weak. The polyester raw material PTA market continues to weaken, the cost end support is insufficient, the polyester chip market low-end offer increases, the market transaction center of gravity drops 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 continues to be weak, lack of cost support, some bottle chip manufacturers offer slightly lower, market offer on the low end; 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 raw material market is weak, the market support is general, the mainstream polyester filament factory quotation is stable, individual small adjustment, the market transaction center of gravity fluctuates slightly. The downstream demand is weak, and the market production and marketing is light. It is expected that the market price of filament will tend to be sorted out in the short term.
Polyester staple fiber
Today, the polyester staple market fell in a narrow range. The cost end continues to weaken to the market support is insufficient, the staple fiber market negotiates the price to fall slightly. Downstream demand follow-up is general, market production and marketing is depressed. It is expected that the short-term market price of polyester staple fiber will be maintained.
IV. Polyester Raw material Futures Market
PTA: December 5th PTA main 2401 contract opening price: 5646, lowest price: 5612, highest price: 5676, closing price: 5660, settlement price: 5648, down 30, position: 814502.
Ethylene glycol: December 5th EG main contract 2401 opening price: 4064, lowest price: 4023, highest price: 4079, closing price: 4027, settlement price: 4044, down 56, position: 353923.
V. production and marketing data of polyester market
|
Product |
2023.12.5 |
2023.12.4 |
Rise and fall |
Unit |
|
Polyester chip |
30% |
35% |
-5% |
% |
|
Polyester filament |
40% |
35% |
+5% |
% |
|
Polyester staple fiber |
30% |
35% |
-5% |
% |
VI. Future forecast
The international crude oil market falls, the cost support is insufficient, the supply and demand side of polyester raw material PTA and ethylene glycol market is empty, it is expected that the short-term market will be weak to adjust, polyester raw material end support will be weakened, polyester market offer will be slightly adjusted with cost, downstream rigid demand for 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.