Polyester industry chain: Falling raw material end suppresses polyester market trend and weakens
89,055 
January 9, 2024, 4:09 PM I. the market trend chart of polyester industry chain
On January 9th, the market price index of ethylene glycol was 4472.84, up 0.74 from the previous working day.
China's PTA market price index was 5700 on Jan. 9, down 105 from the previous working day.
On January 9, the market price index of polyester chips was 6725, down 25% from the previous working day. The market price index of polyester bottle chips was 6875, down 50% from the previous working day.
II. Summary of market price of polyester industry chain
|
Product |
Specifications |
Market |
2024.1.9 |
2024.1.8 |
Rise and fall |
Remarks |
|
PTA |
Spot |
East China |
5700 |
5805 |
-105 |
Self-withdrawing tax, yuan / ton |
|
Product |
Specifications |
Market |
2024.1.9 |
2024.1.8 |
Rise and fall |
Remarks |
|
Glycol |
Polyester grade |
East China |
4490 |
4540 |
-50 |
Self-withdrawing tax, yuan / ton |
|
Polyester grade |
South China |
4530 |
4580 |
-50 |
Short delivery including tax, yuan / ton |
|
|
Product |
Specifications |
Market |
2024.1.9 |
2024.1.8 |
Rise and fall |
Remarks |
|
Polyester chip |
Semi-light section |
East China |
6725 |
6750 |
-25 |
Factory includes tax, yuan / ton |
|
Light slicing |
6725 |
6750 |
-25 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2024.1.9 |
2024.1.8 |
Rise and fall |
Remarks |
|
Polyester bottle chip |
Aquarius level (IV.=0.8) |
East China |
6875 |
6925 |
-50 |
Factory includes tax, yuan / ton |
|
Oil bottle grade |
6875 |
6925 |
-50 |
Factory includes tax, yuan / ton |
||
|
Hot pot grade |
6875 |
6925 |
-50 |
Factory includes tax, yuan / ton |
||
|
Carbonic acid grade |
6975 |
7025 |
-50 |
Factory includes tax, yuan / ton |
||
|
Aquarius level (IV.=0.8) |
South China |
6875 |
6925 |
-50 |
Factory includes tax, yuan / ton |
|
|
Oil bottle grade |
6875 |
6925 |
-50 |
Factory includes tax, yuan / ton |
||
|
Hot pot grade |
6875 |
6925 |
-50 |
Factory includes tax, yuan / ton |
||
|
Carbonic acid grade |
6975 |
7025 |
-50 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2024.1.9 |
2024.1.8 |
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 |
8200 |
8200 |
0 |
Factory includes tax, yuan / ton |
||
|
Jiangsu and Zhejiang market DTY150D/48F |
8875 |
8875 |
0 |
Factory includes tax, yuan / ton |
||
|
Jiangsu and Zhejiang market POY75D/72F |
7750 |
7750 |
0 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2024.1.9 |
2024.1.8 |
Rise and fall |
Remarks |
|
Polyester staple yarn |
Semi-glossy white 1.56: 38 |
Jiangsu Province |
7175 |
7225 |
-50 |
Factory includes tax, yuan / ton |
|
Semi-glossy white 1.56: 38 |
Zhejiang |
7250 |
7300 |
-50 |
Factory includes tax, yuan / ton |
III. Brief introduction of Polyester Industry chain Market
PTA
Today, the spot market of PTA in East China has fluctuated and dropped, with a reference of 5700 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, suppressing the commodity market atmosphere, and the PTA futures market continued to decline. 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, ethylene glycol market price shock correction. The international crude oil market fell, suppressing the market mentality, and the focus of negotiations in the ethylene glycol market dropped slightly. The quotation in East China revolved around 4490 yuan / ton, down 50 yuan / ton compared with the previous working day. The quotation in South China is around 4530 yuan / ton. Ethylene glycol port inventory decreased, downstream polyester load is relatively maintained, maintaining rigid demand for stock. Lack of continuous drive in the market, the short-term ethylene glycol market is expected to maintain a volatile trend.
Polyester chip
Today, the polyester chip market is weak. Polyester raw material PTA market fell, 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, market production and marketing is relatively weak. It is expected that the polyester chip market will maintain the finishing operation in the short term.
Polyester bottle chip
The market for polyester bottle chips fell slightly today. Polyester raw material PTA market fell, the cost end to the market support is insufficient, bottle chip manufacturers offer down 50-100, market offer slightly lower; downstream demand is weak, 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. The cost end falls to the market support is insufficient, the mainstream polyester manufacturer offer maintains the stability, some manufacturers preferential shipment, the market transaction center of gravity adjusts slightly. Downstream demand is relatively weak, the market production and marketing is depressed. 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 narrow pullback. Cost-side downward pressure on the market, staple fiber market quotation fell slightly. Downstream rigid demand replenishment-based, enterprise production and marketing 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 9 PTA main force 2405 contract opening price: 5764, lowest price: 5706, highest price: 5774, closing price: 5714, settlement price: 5740, down 136, position: 1337021.
Ethylene glycol: January 9 EG main contract 2405 opening price: 4650, lowest price: 4560, highest price: 4682, closing price: 4572, settlement price: 4613, down 125, position: 471801.
V. production and marketing data of polyester market
|
Product |
2024.1.9 |
2024.1.8 |
Rise and fall |
Unit |
|
Polyester chip |
35% |
40% |
-5% |
% |
|
Polyester filament |
45% |
45% |
0% |
% |
|
Polyester staple fiber |
30% |
35% |
-5% |
% |
VI. Future forecast
The weakening of the international crude oil market promotes the formation of the market, the supply and demand side of the polyester raw material PTA and ethylene glycol market is promoted, it is expected that the short-term market will be adjusted narrowly, the polyester raw material end will be supported, the polyester market offer will be mainly adjusted slightly with the cost, the downstream will follow up cautiously, and the market production and sales are 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.