Polyester industry chain: raw materials turn stronger and polyester market is deadlocked
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December 6, 2023, 4:10 PM I. the market trend chart of polyester industry chain
The market price index of ethylene glycol was 4059.83, up 10.88 from the previous working day.
China's PTA market price index was 5660 on Dec. 6, up 10% from the previous working day.
On December 6th, the market price index of polyester chips was 6625, 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 |
2023.12.6 |
2023.12.5 |
Rise and fall |
Remarks |
|
PTA |
Spot |
East China |
5660 |
5650 |
+10 |
Self-withdrawing tax, yuan / ton |
|
Product |
Specifications |
Market |
2023.12.6 |
2023.12.5 |
Rise and fall |
Remarks |
|
Glycol |
Polyester grade |
East China |
4035 |
4015 |
+20 |
Self-withdrawing tax, yuan / ton |
|
Polyester grade |
South China |
4150 |
4120 |
+30 |
Short delivery including tax, yuan / ton |
|
|
Product |
Specifications |
Market |
2023.12.6 |
2023.12.5 |
Rise and fall |
Remarks |
|
Polyester chip |
Semi-light section |
East China |
6625 |
6625 |
0 |
Factory includes tax, yuan / ton |
|
Light slicing |
6650 |
6650 |
0 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2023.12.6 |
2023.12.5 |
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 |
2023.12.6 |
2023.12.5 |
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 |
2023.12.6 |
2023.12.5 |
Rise and fall |
Remarks |
|
Polyester staple yarn |
Semi-glossy white 1.56: 38 |
Jiangsu Province |
7175 |
7175 |
0 |
Factory includes tax, yuan / ton |
|
Semi-glossy white 1.56: 38 |
Zhejiang |
7250 |
7250 |
0 |
Factory includes tax, yuan / ton |
III. Brief introduction of Polyester Industry chain Market
PTA
Today, East China PTA spot market trend is strong, discuss reference 5660 yuan / ton near. This week and next week, the main port delivery 01 liters of water near 0-10 transactions and negotiations. The atmosphere in the commodity market improved, and the PTA futures market rose slightly. 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 strong. Bullish confidence in the market was boosted, the ethylene glycol futures market rose in the afternoon, the focus of negotiations in the ethylene glycol market rose slightly, and the quotation in East China revolved around 4035 yuan / ton, up 20 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 trend is strong, the cost end support is stable, polyester chip market trading center of gravity is adjusted slightly. Downstream cautious follow-up, market production and marketing in general. 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 strong, cost support is stable, bottle chip manufacturers offer remains stable, market offer fluctuates slightly; 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's polyester filament market deadlock finishing. Polyester raw material market is stronger, forming support to the market, mainstream polyester filament factory quotation is stable, individual small adjustment, market transaction center of gravity fluctuates slightly. Downstream rigid demand replenishment, market production and sales 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 market of polyester staple fiber tends to stabilize. The cost end is strong to support the market, and the staple fiber market negotiates a small price adjustment. Downstream rigid demand replenishment increased, market production and sales rebounded. It is expected that the short-term market price of polyester staple fiber will be maintained.
IV. Polyester Raw material Futures Market
PTA: December 6th PTA main 2401 contract opening price: 5660, lowest price: 5586, highest price: 5704, closing price: 5698, settlement price: 5654, up 50, position: 718643.
Ethylene glycol: December 6th EG main contract 2401 opening price: 4032, lowest price: 4025, highest price: 4096, closing price: 4093, settlement price: 4056, up 49, position: 328039.
V. production and marketing data of polyester market
|
Product |
2023.12.6 |
2023.12.5 |
Rise and fall |
Unit |
|
Polyester chip |
40% |
30% |
+10% |
% |
|
Polyester filament |
35% |
40% |
-5% |
% |
|
Polyester staple fiber |
70% |
30% |
+40% |
% |
VI. Future forecast
The international crude oil market falls, the cost support is general, the polyester raw material PTA and the ethylene glycol market supply and demand end drive, the short-term market will adjust narrowly, the polyester raw material end support will strengthen, the polyester market offer will adjust slightly with the cost, the downstream rigid demand stock, the market production and marketing differentiation. 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.