Polyester industry chain: Raw materials are mixed. Polyester market follows up cautiously
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January 5, 2024, 4:22 PM I. the market trend chart of polyester industry chain
On January 5th, the market price index of ethylene glycol was 4424.23, up 35.27 from the previous working day.
On January 5th, China's PTA market price index was 5845, down 20% from the previous working day.
On January 5th, the market price index of polyester chips was 6750, down 25% from the previous working day. The market price index of polyester bottle chips was 6925, down 25% from the previous working day.
II. Summary of market price of polyester industry chain
|
Product |
Specifications |
Market |
2024.1.5 |
2024.1.4 |
Rise and fall |
Remarks |
|
PTA |
Spot |
East China |
5845 |
5865 |
-20 |
Self-withdrawing tax, yuan / ton |
|
Product |
Specifications |
Market |
2024.1.5 |
2024.1.4 |
Rise and fall |
Remarks |
|
Glycol |
Polyester grade |
East China |
4500 |
4430 |
+70 |
Self-withdrawing tax, yuan / ton |
|
Polyester grade |
South China |
4520 |
4450 |
+70 |
Short delivery including tax, yuan / ton |
|
|
Product |
Specifications |
Market |
2024.1.5 |
2024.1.4 |
Rise and fall |
Remarks |
|
Polyester chip |
Semi-light section |
East China |
6750 |
6775 |
-25 |
Factory includes tax, yuan / ton |
|
Light slicing |
6750 |
6775 |
-25 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2024.1.5 |
2024.1.4 |
Rise and fall |
Remarks |
|
Polyester bottle chip |
Aquarius level (IV.=0.8) |
East China |
6925 |
6950 |
-25 |
Factory includes tax, yuan / ton |
|
Oil bottle grade |
6925 |
6950 |
-25 |
Factory includes tax, yuan / ton |
||
|
Hot pot grade |
6925 |
6950 |
-25 |
Factory includes tax, yuan / ton |
||
|
Carbonic acid grade |
7025 |
7050 |
-25 |
Factory includes tax, yuan / ton |
||
|
Aquarius level (IV.=0.8) |
South China |
6925 |
6950 |
-25 |
Factory includes tax, yuan / ton |
|
|
Oil bottle grade |
6925 |
6950 |
-25 |
Factory includes tax, yuan / ton |
||
|
Hot pot grade |
6925 |
6950 |
-25 |
Factory includes tax, yuan / ton |
||
|
Carbonic acid grade |
7025 |
7050 |
-25 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2024.1.5 |
2024.1.4 |
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 |
2024.1.5 |
2024.1.4 |
Rise and fall |
Remarks |
|
Polyester staple yarn |
Semi-glossy white 1.56: 38 |
Jiangsu Province |
7225 |
7250 |
-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, the spot market of PTA in East China is weak and volatile, so we will consult near 5845 yuan / ton. This week and next week, the main port delivery 05 discount 40-50 near the transaction and negotiations. The international crude oil market fell and depressed, while the PTA futures market fell 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 price of ethylene glycol market fluctuates higher. Saudi plant supply shrank, boosting the market mentality, the focus of ethylene glycol market negotiations rose sharply in the afternoon, East China quotation around 4500 yuan / ton, up 70 yuan / ton compared with the previous working day. The quotation in South China is around 4520 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 pulls back slightly. Polyester raw material PTA market is weak, the cost end support is insufficient, the polyester chip market offer is loose, the market transaction center of gravity falls slightly. Downstream follow-up cautious, some production and sales improved. 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 is weak, cost end-to-market support weakens, some 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. The cost end to the market support is general, the mainstream polyester manufacturer offer remains stable, the market transaction center of gravity adjusts slightly. Downstream rigid demand for stock-based, light market production and marketing. 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 weak cost end suppressed the market, and the price of 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 5 PTA main force 2405 contract opening price: 5898, lowest price: 5838, highest price: 5928, closing price: 5900, settlement price: 5888, down 12, position: 1462410.
Ethylene glycol: January 5th EG main contract 2405 opening price: 4560, lowest price: 4516, highest price: 4720, closing price: 4682, settlement price: 4621, up 115, position: 496106.
V. production and marketing data of polyester market
|
Product |
2024.1.5 |
2024.1.4 |
Rise and fall |
Unit |
|
Polyester chip |
70% |
35% |
+35% |
% |
|
Polyester filament |
45% |
40% |
+5% |
% |
|
Polyester staple fiber |
40% |
30% |
+10% |
% |
VI. Future forecast
International crude oil market arrangement, general market support, polyester raw material PTA and ethylene glycol market supply and demand end drive, it is expected that the short-term market will be narrow adjustment, polyester raw material end support, polyester market offer will be slightly adjusted with the cost, downstream rigid demand stock, market production and sales in general. 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.