Polyester industry chain: Cost side supports narrow fluctuations in the polyester market
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December 11, 2023, 4:35 PM I. the market trend chart of polyester industry chain
On December 11th, the market price index of ethylene glycol was 4074.95, up 2.4 from the previous working day.
On Dec. 11, China's PTA market price index was 5720, unchanged from the previous working day.
On December 11, the market price index of polyester chips was 6625, unchanged from the previous working day. The market price index of polyester bottle chips was 6825, which was the same as that of the previous working day.
II. Summary of market price of polyester industry chain
|
Product |
Specifications |
Market |
2023.12.11 |
2023.12.8 |
Rise and fall |
Remarks |
|
PTA |
Spot |
East China |
5720 |
5720 |
0 |
Self-withdrawing tax, yuan / ton |
|
Product |
Specifications |
Market |
2023.12.11 |
2023.12.8 |
Rise and fall |
Remarks |
|
Glycol |
Polyester grade |
East China |
4065 |
4065 |
0 |
Self-withdrawing tax, yuan / ton |
|
Polyester grade |
South China |
4180 |
4150 |
+30 |
Short delivery including tax, yuan / ton |
|
|
Product |
Specifications |
Market |
2023.12.11 |
2023.12.8 |
Rise and fall |
Remarks |
|
Polyester chip |
Semi-light section |
East China |
6625 |
6625 |
0 |
Factory includes tax, yuan / ton |
|
Light slicing |
6650 |
6675 |
-25 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2023.12.11 |
2023.12.8 |
Rise and fall |
Remarks |
|
Polyester bottle chip |
Aquarius level (IV.=0.8) |
East China |
6825 |
6825 |
0 |
Factory includes tax, yuan / ton |
|
Oil bottle grade |
6825 |
6825 |
0 |
Factory includes tax, yuan / ton |
||
|
Hot pot grade |
6825 |
6825 |
0 |
Factory includes tax, yuan / ton |
||
|
Carbonic acid grade |
6925 |
6925 |
0 |
Factory includes tax, yuan / ton |
||
|
Aquarius level (IV.=0.8) |
South China |
6825 |
6825 |
0 |
Factory includes tax, yuan / ton |
|
|
Oil bottle grade |
6825 |
6825 |
0 |
Factory includes tax, yuan / ton |
||
|
Hot pot grade |
6825 |
6825 |
0 |
Factory includes tax, yuan / ton |
||
|
Carbonic acid grade |
6925 |
6925 |
0 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2023.12.11 |
2023.12.8 |
Rise and fall |
Remarks |
|
Polyester filament |
Jiangsu and Zhejiang market POY150D/48F |
East China |
7400 |
7375 |
+25 |
Factory includes tax, yuan / ton |
|
Jiangsu and Zhejiang market FDY150D/96F |
8050 |
8050 |
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 |
2023.12.11 |
2023.12.8 |
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, the spot market of PTA in East China tends to be sorted out, and it will be discussed around 5720 yuan / ton. This week and next week, the main port delivery 01 liters of water 5-20 near the deal and negotiations. The commodity market atmosphere supports, PTA futures market fluctuates slightly. Spot basis remains stable, traders and polyester factories rigid demand buying, 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. The international crude oil market rose, forming a support for the market. The focus of negotiations in the ethylene glycol market fluctuated slightly. The quotation in East China revolved around 4065 yuan / ton, which was stable compared with the previous working day. The quotation in South China is around 4180 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 narrow finishing, cost end support is stable, polyester chip market transaction center of gravity small adjustment, low-end goods still exist. Downstream demand weakens, market production and sales decline. 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 materials PTA market finishing, cost support is stable, bottle chip manufacturers offer a small adjustment, market offer fluctuations; downstream rigid demand stock-based, 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 costs form a support to the market, mainstream polyester manufacturers offer to maintain stability, some factory concessions narrowed, the focus of market transactions slightly adjusted. Downstream rigid demand replenishment, market production and marketing downturn. It is expected that the market price of filament will tend to be sorted out in the short term.
Polyester staple fiber
The market of polyester staple fiber fluctuates in a narrow range today. The cost end is stable to support the market, and the negotiation price in the staple fiber market remains stable. Downstream demand weakens, market production and sales are light. It is expected that the short-term market price of polyester staple fiber will be maintained.
IV. Polyester Raw material Futures Market
PTA: December 11 PTA main 2405 contract opening price: 5754, lowest price: 5708, highest price: 5784, closing price: 5744, settlement price: 5752, down 6, position: 1074561.
Ethylene glycol: December 11 EG main contract 2401 opening price: 4099, lowest price: 4063, highest price: 4124, closing price: 4109, settlement price: 4098, up 18, position: 267511.
V. production and marketing data of polyester market
|
Product |
2023.12.11 |
2023.12.8 |
Rise and fall |
Unit |
|
Polyester chip |
40% |
110% |
-70% |
% |
|
Polyester filament |
35% |
60% |
-25% |
% |
|
Polyester staple fiber |
40% |
110% |
-70% |
% |
VI. Future forecast
The international crude oil market rises, boosts the market mentality, 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 is stable, the polyester market offer will be mainly adjusted slightly, the downstream rigid demand is prepared, and the market production and marketing is 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.