Polyester industry chain: The cost side supports the differentiation of production and marketing in the polyester market
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January 10, 2024, 4:31 PM I. the market trend chart of polyester industry chain
The market price index of ethylene glycol was 4466.20, down 6.64 from the previous working day.
On January 10th, China's PTA market price index was 5705, up 5% from the previous working day.
On January 10th, the market price index of polyester chips was 6750, up 25% 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 |
2024.1.10 |
2024.1.9 |
Rise and fall |
Remarks |
|
PTA |
Spot |
East China |
5705 |
5700 |
+5 |
Self-withdrawing tax, yuan / ton |
|
Product |
Specifications |
Market |
2024.1.10 |
2024.1.9 |
Rise and fall |
Remarks |
|
Glycol |
Polyester grade |
East China |
4480 |
4490 |
-10 |
Self-withdrawing tax, yuan / ton |
|
Polyester grade |
South China |
4500 |
4530 |
-30 |
Short delivery including tax, yuan / ton |
|
|
Product |
Specifications |
Market |
2024.1.10 |
2024.1.9 |
Rise and fall |
Remarks |
|
Polyester chip |
Semi-light section |
East China |
6750 |
6725 |
+25 |
Factory includes tax, yuan / ton |
|
Light slicing |
6750 |
6725 |
+25 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2024.1.10 |
2024.1.9 |
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 |
2024.1.10 |
2024.1.9 |
Rise and fall |
Remarks |
|
Polyester filament |
Jiangsu and Zhejiang market POY150D/48F |
East China |
7550 |
7575 |
-25 |
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 |
2024.1.10 |
2024.1.9 |
Rise and fall |
Remarks |
|
Polyester staple yarn |
Semi-glossy white 1.56: 38 |
Jiangsu Province |
7175 |
7175 |
0 |
Factory includes tax, yuan / ton |
|
Semi-glossy white 1.56: 38 |
Zhejiang |
7250 |
7250 |
0 |
Factory includes tax, yuan / ton |
III. Brief introduction of Polyester Industry chain Market
PTA
Today, the spot market of PTA in East China fluctuates in a narrow range, with a reference of 5705 yuan / ton. This week and next week, the main port delivery 05 discount 40-45 near the transaction and negotiations. The rise of the international crude oil market has supported the market, and the range of PTA futures market has been adjusted. 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 is weak and volatile. Lack of market confidence, the ethylene glycol futures market rose and fell, and the focus of negotiations in the ethylene glycol market fell slightly. The quotation in East China revolved around 4480 yuan / ton, down 10 yuan / ton compared with the previous working day. The quotation in South China is around 4500 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's polyester chip market is narrowly arranged. Polyester raw material PTA market finishing, the cost end support is stable, the polyester chip market offer is stable, the market low-end offer is reduced, and the market transaction center fluctuates 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
Today, the market for polyester bottle chips is adjusted slightly. Polyester raw material PTA market finishing, cost end-to-market support is stable, bottle chip manufacturers offer stable, low-end market offer reduced; downstream rigid demand replenishment, some production and sales are better. It is expected that the short-term lactone bottle market may maintain finishing.
Polyester filament
Today's polyester filament market deadlock finishing. Cost-end finishing on the market support in general, mainstream polyester manufacturers offer to maintain stability, some manufacturers preferential shipments, market focus of small adjustment. 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 fluctuates in a narrow range. The cost end arrangement forms the support to the market, and the quotation of staple fiber market is adjusted slightly. Downstream rigid demand replenishment is the main, individual enterprises production and marketing is better. It is expected that the short-term market price of polyester staple fiber will be maintained.
IV. Polyester Raw material Futures Market
PTA: January 10 PTA main force 2405 contract opening price: 5748, lowest price: 5728, highest price: 5776, closing price: 5744, settlement price: 5748, up 4, position: 1232837.
Ethylene glycol: January 10 EG main contract 2405 opening price: 4613, lowest price: 4456, highest price: 4666, closing price: 4459, settlement price: 4572, down 154, position: 432859.
V. production and marketing data of polyester market
|
Product |
2024.1.10 |
2024.1.9 |
Rise and fall |
Unit |
|
Polyester chip |
100% |
35% |
+65% |
% |
|
Polyester filament |
50% |
45% |
+5% |
% |
|
Polyester staple fiber |
40% |
30% |
+10% |
% |
VI. Future forecast
The international crude oil market maintains and arranges, promotes to the market formation, 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 replenishment, 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.