Polyester industry chain: The raw material side is stronger. The polyester market has improved slightly
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December 27, 2023, 4:19 PM I. the market trend chart of polyester industry chain
On December 27, the market price index of ethylene glycol was 4337.26, down 3.55 from the previous working day.
On Dec. 27, China's PTA market price index was 5900, up 30% from the previous working day.
On December 27th, the market price index of polyester chips was 6750, up 20% from the previous working day. The market price index of polyester bottle chips was 6900, up 25% from the previous working day.
II. Summary of market price of polyester industry chain
|
Product |
Specifications |
Market |
2023.12.27 |
2023.12.26 |
Rise and fall |
Remarks |
|
PTA |
Spot |
East China |
5900 |
5870 |
+30 |
Self-withdrawing tax, yuan / ton |
|
Product |
Specifications |
Market |
2023.12.27 |
2023.12.26 |
Rise and fall |
Remarks |
|
Glycol |
Polyester grade |
East China |
4350 |
4370 |
-20 |
Self-withdrawing tax, yuan / ton |
|
Polyester grade |
South China |
4430 |
4450 |
-20 |
Short delivery including tax, yuan / ton |
|
|
Product |
Specifications |
Market |
2023.12.27 |
2023.12.26 |
Rise and fall |
Remarks |
|
Polyester chip |
Semi-light section |
East China |
6750 |
6730 |
+20 |
Factory includes tax, yuan / ton |
|
Light slicing |
6775 |
6750 |
+25 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2023.12.27 |
2023.12.26 |
Rise and fall |
Remarks |
|
Polyester bottle chip |
Aquarius level (IV.=0.8) |
East China |
6900 |
6875 |
+25 |
Factory includes tax, yuan / ton |
|
Oil bottle grade |
6900 |
6875 |
+25 |
Factory includes tax, yuan / ton |
||
|
Hot pot grade |
6900 |
6875 |
+25 |
Factory includes tax, yuan / ton |
||
|
Carbonic acid grade |
7000 |
6975 |
+25 |
Factory includes tax, yuan / ton |
||
|
Aquarius level (IV.=0.8) |
South China |
6900 |
6875 |
+25 |
Factory includes tax, yuan / ton |
|
|
Oil bottle grade |
6900 |
6875 |
+25 |
Factory includes tax, yuan / ton |
||
|
Hot pot grade |
6900 |
6875 |
+25 |
Factory includes tax, yuan / ton |
||
|
Carbonic acid grade |
7000 |
6975 |
+25 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2023.12.27 |
2023.12.26 |
Rise and fall |
Remarks |
|
Polyester filament |
Jiangsu and Zhejiang market POY150D/48F |
East China |
7575 |
7575 |
0 |
Factory includes tax, yuan / ton |
|
Jiangsu and Zhejiang market FDY150D/96F |
8150 |
8150 |
0 |
Factory includes tax, yuan / ton |
||
|
Jiangsu and Zhejiang market DTY150D/48F |
8850 |
8850 |
0 |
Factory includes tax, yuan / ton |
||
|
Jiangsu and Zhejiang market POY75D/72F |
7750 |
7750 |
0 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2023.12.27 |
2023.12.26 |
Rise and fall |
Remarks |
|
Polyester staple yarn |
Semi-glossy white 1.56: 38 |
Jiangsu Province |
7275 |
7275 |
0 |
Factory includes tax, yuan / ton |
|
Semi-glossy white 1.56: 38 |
Zhejiang |
7325 |
7325 |
0 |
Factory includes tax, yuan / ton |
III. Brief introduction of Polyester Industry chain Market
PTA
Today, the spot market of PTA in East China is strong and volatile, so we will consult near 5900 yuan / ton. This week and next week, the main port delivery 01 liters of water 10-12 near the deal and negotiations. The international crude oil market rose, boosting the market mentality, and the PTA futures market rose slightly. Spot basis fluctuates slightly, traders and polyester factories buy mainly in rigid demand, and the market mentality is cautious. It is expected that the short-term market will maintain a narrow adjustment.
Glycol
Today, the market price of ethylene glycol fluctuates in a narrow range. The weak supply and demand side of the market suppressed the formation of the market, and the focus of negotiations in the ethylene glycol market fell slightly. The quotation in East China revolved around 4350 yuan / ton, down 20 yuan / ton compared with the previous working day. The quotation in South China is around 4430 yuan / ton. Ethylene glycol port inventory is expected to accumulate, downstream polyester load decreased slightly, to maintain a rigid demand for stock. The market is lack of continuous drive, and the ethylene glycol market is expected to remain volatile in the short term.
Polyester chip
Today, the polyester chip market is narrow and strong. Polyester raw material PTA market rose slightly, cost-end support enhanced, polyester chip market low-end offer decreased, the market transaction center of gravity slightly up. Downstream demand improved, rigid demand replenishment increased. It is expected that the polyester chip market will maintain the finishing operation in the short term.
Polyester bottle chip
Today, the market of polyester bottle chips is strong. Polyester raw material PTA market is strong, cost end-to-market support is stable, bottle chip manufacturers offer stable, market offer slightly increased; downstream demand is weak, carefully wait and see the market trend. It is expected that the market for lactone bottles will be sorted out slightly in the short term.
Polyester filament
Today's polyester filament market deadlock finishing. The high cost of polyester supports the market, the offers of mainstream polyester manufacturers remain stable, and the focus of market transactions is adjusted slightly. Downstream demand weakens, the market production and marketing is general. It is expected that the market price of filament will tend to be sorted out in the short term.
Polyester staple fiber
Today's polyester staple market fluctuates in a narrow range. The strong cost end supports the market, the quotation of staple fiber market remains stable, and the low-end price of the market decreases. Downstream rigid demand replenishment, the overall production and marketing of the enterprise is OK. It is expected that the short-term market price of polyester staple fiber will be maintained.
IV. Polyester Raw material Futures Market
PTA: December 27th PTA main 2405 contract opening price: 5892, lowest price: 5892, highest price: 5980, closing price: 5972, settlement price: 5948, up 66, position: 1434302.
Ethylene glycol: December 27th EG main contract 2405 opening price: 4511, lowest price: 4468, highest price: 4546, closing price: 4519, settlement price: 4506, down 8, position: 422231.
V. production and marketing data of polyester market
|
Product |
2023.12.27 |
2023.12.26 |
Rise and fall |
Unit |
|
Polyester chip |
85% |
30% |
+55% |
% |
|
Polyester filament |
45% |
40% |
+5% |
% |
|
Polyester staple fiber |
60% |
30% |
+30% |
% |
VI. Future forecast
The international crude oil market rises, forms the support to the market, the polyester raw material PTA and the ethylene glycol market supply and demand end promotion, the short-term market will adjust narrowly, the polyester raw material end support, the polyester market offer will adjust slightly along 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.