Polyester industry chain: The raw material side is stronger. The polyester market is cautiously following up
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January 2, 2024, 4:26 PM I. the market trend chart of polyester industry chain
On January 2nd, the market price index of ethylene glycol was 4353.69, up 46.67 from the previous working day.
China's PTA market price index was 5935 on Jan. 2, up 55% from the previous working day.
On January 2nd, the market price index of polyester chips was 6775, up 25% from the previous working day. The market price index of polyester bottle chips was 6975, up 50% from the previous working day.
II. Summary of market price of polyester industry chain
|
Product |
Specifications |
Market |
2024.1.2 |
2023.12.29 |
Rise and fall |
Remarks |
|
PTA |
Spot |
East China |
5935 |
5880 |
+55 |
Self-withdrawing tax, yuan / ton |
|
Product |
Specifications |
Market |
2024.1.2 |
2023.12.29 |
Rise and fall |
Remarks |
|
Glycol |
Polyester grade |
East China |
4385 |
4290 |
+95 |
Self-withdrawing tax, yuan / ton |
|
Polyester grade |
South China |
4450 |
4370 |
+80 |
Short delivery including tax, yuan / ton |
|
|
Product |
Specifications |
Market |
2024.1.2 |
2023.12.29 |
Rise and fall |
Remarks |
|
Polyester chip |
Semi-light section |
East China |
6775 |
6750 |
+25 |
Factory includes tax, yuan / ton |
|
Light slicing |
6800 |
6775 |
+25 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2024.1.2 |
2023.12.29 |
Rise and fall |
Remarks |
|
Polyester bottle chip |
Aquarius level (IV.=0.8) |
East China |
6975 |
6925 |
+50 |
Factory includes tax, yuan / ton |
|
Oil bottle grade |
6975 |
6925 |
+50 |
Factory includes tax, yuan / ton |
||
|
Hot pot grade |
6975 |
6925 |
+50 |
Factory includes tax, yuan / ton |
||
|
Carbonic acid grade |
7075 |
7025 |
+50 |
Factory includes tax, yuan / ton |
||
|
Aquarius level (IV.=0.8) |
South China |
6975 |
6925 |
+50 |
Factory includes tax, yuan / ton |
|
|
Oil bottle grade |
6975 |
6925 |
+50 |
Factory includes tax, yuan / ton |
||
|
Hot pot grade |
6975 |
6925 |
+50 |
Factory includes tax, yuan / ton |
||
|
Carbonic acid grade |
7075 |
7025 |
+50 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2024.1.2 |
2023.12.29 |
Rise and fall |
Remarks |
|
Polyester filament |
Jiangsu and Zhejiang market POY150D/48F |
East China |
7550 |
7550 |
0 |
Factory includes tax, yuan / ton |
|
Jiangsu and Zhejiang market FDY150D/96F |
8175 |
8175 |
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 |
2024.1.2 |
2023.12.29 |
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 5935 yuan / ton. This week and next week, the main port delivery 05 discount 40-43 near the transaction and negotiations. On the first day after the festival, the PTA futures market got off to a good start, but the market opened high and fell back. 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 price fluctuation of ethylene glycol market is strong. The supply and demand side of the market was boosted, which promoted the formation of the market. The focus of negotiations in the ethylene glycol market rose. The quotation in East China revolved around 4385 yuan / ton, up 95 yuan / ton from the previous working day. The quotation in South China is around 4450 yuan / ton. Ethylene glycol port inventory continues to decline, while downstream polyester load is relatively maintained, maintaining rigid demand for stock. 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 narrow and strong. Polyester raw material PTA market is strong, cost end support is enhanced, polyester chip market part of the offer is up, the market transaction center of gravity is slightly up. Downstream follow-up cautious, 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, the market of polyester bottle chips is strong. Polyester raw material PTA market is strong, the cost end to the market support is enhanced, bottle chip manufacturers offer up 50 yuan / ton, 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 is the main, the overall production and marketing of enterprises are depressed. It is expected that the short-term market price of polyester staple fiber will be maintained.
IV. Polyester Raw material Futures Market
PTA: January 2 PTA main force 2405 contract opening price: 5944, lowest price: 5930, highest price: 6046, closing price: 5942, settlement price: 5978, up 12, position: 1519497.
Ethylene glycol: January 2nd EG main contract 2405 opening price: 4435, lowest price: 4435, highest price: 4584, closing price: 4579, settlement price: 4521, up 129, position: 431830.
V. production and marketing data of polyester market
|
Product |
2024.1.2 |
2023.12.29 |
Rise and fall |
Unit |
|
Polyester chip |
35% |
45% |
-10% |
% |
|
Polyester filament |
45% |
45% |
0% |
% |
|
Polyester staple fiber |
40% |
30% |
+10% |
% |
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 sale 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.