Polyester industry chain: High costs support polyester market to follow up cautiously
87,885 
January 15, 2024, 4:21 PM I. the market trend chart of polyester industry chain
On January 15th, the market price index of ethylene glycol was 4495.40, up 39.52 from the previous working day.
On January 15th, China's PTA market price index was 5745, up 10% from the previous working day.
On January 15th, the market price index of polyester chips was 6750, unchanged from the previous working day. The market price index of polyester bottle chips was 6900, which was the same as that of the previous working day.
II. Summary of market price of polyester industry chain
|
Product |
Specifications |
Market |
2024.1.15 |
2024.1.12 |
Rise and fall |
Remarks |
|
PTA |
Spot |
East China |
5745 |
5735 |
+10 |
Self-withdrawing tax, yuan / ton |
|
Product |
Specifications |
Market |
2024.1.15 |
2024.1.12 |
Rise and fall |
Remarks |
|
Glycol |
Polyester grade |
East China |
4530 |
4450 |
+80 |
Self-withdrawing tax, yuan / ton |
|
Polyester grade |
South China |
4600 |
4530 |
+70 |
Short delivery including tax, yuan / ton |
|
|
Product |
Specifications |
Market |
2024.1.15 |
2024.1.12 |
Rise and fall |
Remarks |
|
Polyester chip |
Semi-light section |
East China |
6750 |
6750 |
0 |
Factory includes tax, yuan / ton |
|
Light slicing |
6750 |
6750 |
0 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2024.1.15 |
2024.1.12 |
Rise and fall |
Remarks |
|
Polyester bottle chip |
Aquarius level (IV.=0.8) |
East China |
6900 |
6900 |
0 |
Factory includes tax, yuan / ton |
|
Oil bottle grade |
6900 |
6900 |
0 |
Factory includes tax, yuan / ton |
||
|
Hot pot grade |
6900 |
6900 |
0 |
Factory includes tax, yuan / ton |
||
|
Carbonic acid grade |
7000 |
7000 |
0 |
Factory includes tax, yuan / ton |
||
|
Aquarius level (IV.=0.8) |
South China |
6900 |
6900 |
0 |
Factory includes tax, yuan / ton |
|
|
Oil bottle grade |
6900 |
6900 |
0 |
Factory includes tax, yuan / ton |
||
|
Hot pot grade |
6900 |
6900 |
0 |
Factory includes tax, yuan / ton |
||
|
Carbonic acid grade |
7000 |
7000 |
0 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2024.1.15 |
2024.1.12 |
Rise and fall |
Remarks |
|
Polyester filament |
Jiangsu and Zhejiang market POY150D/48F |
East China |
7500 |
7475 |
+25 |
Factory includes tax, yuan / ton |
|
Jiangsu and Zhejiang market FDY150D/96F |
8150 |
8150 |
0 |
Factory includes tax, yuan / ton |
||
|
Jiangsu and Zhejiang market DTY150D/48F |
8825 |
8825 |
0 |
Factory includes tax, yuan / ton |
||
|
Jiangsu and Zhejiang market POY75D/72F |
7750 |
7700 |
+50 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2024.1.15 |
2024.1.12 |
Rise and fall |
Remarks |
|
Polyester staple yarn |
Semi-glossy white 1.56: 38 |
Jiangsu Province |
7200 |
7200 |
0 |
Factory includes tax, yuan / ton |
|
Semi-glossy white 1.56: 38 |
Zhejiang |
7275 |
7275 |
0 |
Factory includes tax, yuan / ton |
III. Brief introduction of Polyester Industry chain Market
PTA
Today, East China PTA spot market is arranged in a narrow range, with a reference of 5745 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 supports the market, and the PTA futures market fluctuates slightly. Spot base margin is adjusted slightly, traders and polyester factories are mainly buying 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 on the strong side. Boosted by the rise in the international crude oil market, the focus of negotiations in the ethylene glycol market rose slightly. The quotation in East China revolved around 4530 yuan / ton, up 80 yuan / ton from the previous working day. The quotation in South China is around 4600 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 is strong, under the cost end support, the polyester chip market offer is stable, the market transaction center of gravity adjusts 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 of polyester bottle chips is arranged in a small way. Polyester raw material PTA market is strong, the cost end forms the support to the market, the bottle chip factory offer is stable, the market offer fluctuates slightly; the downstream cautious follow-up, the stock preparation enthusiasm is low. It is expected that the short-term lactone bottle market may maintain finishing.
Polyester filament
Today, the market for polyester filament is narrow and strong. The strong cost end promotes the market, the offer of mainstream polyester manufacturers is stable or the preferential offer is narrowed, and the center of gravity of the market increases slightly. Downstream rigid demand follow-up, market production and sales decline. 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 finishing. The strong cost end supports the market, and the quotation of staple fiber market fluctuates slightly. Downstream rigid demand replenishment-based, enterprise production and marketing in general. It is expected that the short-term market price of polyester staple fiber will be maintained.
IV. Polyester Raw material Futures Market
PTA: January 15 PTA main force 2405 contract opening price: 5810, lowest price: 5746, highest price: 5822, closing price: 5764, settlement price: 5786, down 10, position: 1133777.
Ethylene glycol: January 15 EG main contract 2405 opening price: 4560, lowest price: 4536, highest price: 4648, closing price: 4630, settlement price: 4598, up 93, position: 435157.
V. production and marketing data of polyester market
|
Product |
2024.1.15 |
2024.1.12 |
Rise and fall |
Unit |
|
Polyester chip |
35% |
85% |
-50% |
% |
|
Polyester filament |
40% |
160% |
-120% |
% |
|
Polyester staple fiber |
40% |
80% |
-40% |
% |
VI. Future forecast
The international crude oil market trend is strong, promoting the formation of the market, polyester raw material PTA and ethylene glycol market supply and demand, 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 replenishment, market production and sales decline. 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.