Polyester industry chain: Insufficient cost support, polyester market production and sales are sluggish
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January 3, 2024, 4:12 PM I. the market trend chart of polyester industry chain
On January 3rd, the market price index of ethylene glycol was 4381.01, up 27.32 from the previous working day.
On January 3rd, China's PTA market price index was 5860, down 75 percent from the previous working day.
On January 3, the market price index of polyester chips was 6775, unchanged from the previous working day. The market price index of polyester bottle chips was 6950, down 25% from the previous working day.
II. Summary of market price of polyester industry chain
|
Product |
Specifications |
Market |
2024.1.3 |
2024.1.2 |
Rise and fall |
Remarks |
|
PTA |
Spot |
East China |
5860 |
5935 |
-75 |
Self-withdrawing tax, yuan / ton |
|
Product |
Specifications |
Market |
2024.1.3 |
2024.1.2 |
Rise and fall |
Remarks |
|
Glycol |
Polyester grade |
East China |
4440 |
4385 |
+55 |
Self-withdrawing tax, yuan / ton |
|
Polyester grade |
South China |
4500 |
4450 |
+50 |
Short delivery including tax, yuan / ton |
|
|
Product |
Specifications |
Market |
2024.1.3 |
2024.1.2 |
Rise and fall |
Remarks |
|
Polyester chip |
Semi-light section |
East China |
6775 |
6775 |
0 |
Factory includes tax, yuan / ton |
|
Light slicing |
6800 |
6800 |
0 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2024.1.3 |
2024.1.2 |
Rise and fall |
Remarks |
|
Polyester bottle chip |
Aquarius level (IV.=0.8) |
East China |
6950 |
6975 |
-25 |
Factory includes tax, yuan / ton |
|
Oil bottle grade |
6950 |
6975 |
-25 |
Factory includes tax, yuan / ton |
||
|
Hot pot grade |
6950 |
6975 |
-25 |
Factory includes tax, yuan / ton |
||
|
Carbonic acid grade |
7050 |
7075 |
-25 |
Factory includes tax, yuan / ton |
||
|
Aquarius level (IV.=0.8) |
South China |
6950 |
6975 |
-25 |
Factory includes tax, yuan / ton |
|
|
Oil bottle grade |
6950 |
6975 |
-25 |
Factory includes tax, yuan / ton |
||
|
Hot pot grade |
6950 |
6975 |
-25 |
Factory includes tax, yuan / ton |
||
|
Carbonic acid grade |
7050 |
7075 |
-25 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2024.1.3 |
2024.1.2 |
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 |
2024.1.3 |
2024.1.2 |
Rise and fall |
Remarks |
|
Polyester staple yarn |
Semi-glossy white 1.56: 38 |
Jiangsu Province |
7250 |
7275 |
-25 |
Factory includes tax, yuan / ton |
|
Semi-glossy white 1.56: 38 |
Zhejiang |
7300 |
7325 |
-25 |
Factory includes tax, yuan / ton |
III. Brief introduction of Polyester Industry chain Market
PTA
Today, East China PTA spot market shock callback, negotiations near 5860 yuan / ton. This week and next week, the main port delivery 05 discount 40-45 near the transaction and negotiations. The international crude oil market fell and depressed, and the PTA futures market fluctuated down. 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 continues to fluctuate higher. 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 4440 yuan / ton, up 55 yuan / ton from the previous working day. The quotation in South China is around 4500 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 finishing on a small scale. Polyester raw material PTA market fell, cost end support weakened, polyester chip market offer remained stable, market transaction center of gravity adjusted slightly. 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 for polyester bottle chips is weak. Polyester raw material PTA market fell, cost end-to-market support weakened, bottle chip manufacturers offer down 50 yuan / ton, market offer fell slightly; 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. Polyester raw materials market weakening market support in general, mainstream polyester manufacturers offer to maintain stability, market focus of small adjustment. 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, the market for polyester staple fiber is narrow and weak. The decline in the cost side suppressed the market, and the quotation of the staple fiber market fell slightly. Downstream rigid demand replenishment-based, the overall production and marketing of enterprises is relatively light. It is expected that the short-term market price of polyester staple fiber will be maintained.
IV. Polyester Raw material Futures Market
PTA: January 3 PTA main force 2405 contract opening price: 5940, lowest price: 5850, highest price: 5982, closing price: 5878, settlement price: 5906, down 100, position: 1505170.
Ethylene glycol: January 3 EG main contract 2405 opening price: 4575, lowest price: 4553, highest price: 4645, closing price: 4581, settlement price: 4589, up 60, position: 435919.
V. production and marketing data of polyester market
|
Product |
2024.1.3 |
2024.1.2 |
Rise and fall |
Unit |
|
Polyester chip |
35% |
35% |
0% |
% |
|
Polyester filament |
45% |
45% |
0% |
% |
|
Polyester staple fiber |
30% |
40% |
-10% |
% |
VI. Future forecast
The decline in the international crude oil market, insufficient support for the market, polyester raw materials PTA and ethylene glycol market supply and demand to promote, it is expected that the short-term market will be a narrow adjustment, polyester raw material end support, polyester market offer will be slightly adjusted with the cost, downstream rigid demand for stock, market production and sales 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.