Polyester industry chain: Strong costs drive the polyester market up slightly
88,753 
January 16, 2024, 4:03 PM I. the market trend chart of polyester industry chain
On January 16th, the market price index of ethylene glycol was 4526.95, up 31.55 from the previous working day.
On January 16th, China's PTA market price index was 5765, up 20% from the previous working day.
On January 16th, the market price index of polyester chips was 6775, up 25% from the previous working day. The market price index of polyester bottle chips was 6925, up 25% from the previous working day.
II. Summary of market price of polyester industry chain
|
Product |
Specifications |
Market |
2024.1.16 |
2024.1.15 |
Rise and fall |
Remarks |
|
PTA |
Spot |
East China |
5765 |
5745 |
+20 |
Self-withdrawing tax, yuan / ton |
|
Product |
Specifications |
Market |
2024.1.16 |
2024.1.15 |
Rise and fall |
Remarks |
|
Glycol |
Polyester grade |
East China |
4595 |
4530 |
+65 |
Self-withdrawing tax, yuan / ton |
|
Polyester grade |
South China |
4650 |
4600 |
+50 |
Short delivery including tax, yuan / ton |
|
|
Product |
Specifications |
Market |
2024.1.16 |
2024.1.15 |
Rise and fall |
Remarks |
|
Polyester chip |
Semi-light section |
East China |
6775 |
6750 |
+25 |
Factory includes tax, yuan / ton |
|
Light slicing |
6775 |
6750 |
+25 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2024.1.16 |
2024.1.15 |
Rise and fall |
Remarks |
|
Polyester bottle chip |
Aquarius level (IV.=0.8) |
East China |
6925 |
6900 |
+25 |
Factory includes tax, yuan / ton |
|
Oil bottle grade |
6925 |
6900 |
+25 |
Factory includes tax, yuan / ton |
||
|
Hot pot grade |
6925 |
6900 |
+25 |
Factory includes tax, yuan / ton |
||
|
Carbonic acid grade |
7025 |
7000 |
+25 |
Factory includes tax, yuan / ton |
||
|
Aquarius level (IV.=0.8) |
South China |
6925 |
6900 |
+25 |
Factory includes tax, yuan / ton |
|
|
Oil bottle grade |
6925 |
6900 |
+25 |
Factory includes tax, yuan / ton |
||
|
Hot pot grade |
6925 |
6900 |
+25 |
Factory includes tax, yuan / ton |
||
|
Carbonic acid grade |
7025 |
7000 |
+25 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2024.1.16 |
2024.1.15 |
Rise and fall |
Remarks |
|
Polyester filament |
Jiangsu and Zhejiang market POY150D/48F |
East China |
7500 |
7500 |
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 |
2024.1.16 |
2024.1.15 |
Rise and fall |
Remarks |
|
Polyester staple yarn |
Semi-glossy white 1.56: 38 |
Jiangsu Province |
7250 |
7200 |
+50 |
Factory includes tax, yuan / ton |
|
Semi-glossy white 1.56: 38 |
Zhejiang |
7325 |
7275 |
+50 |
Factory includes tax, yuan / ton |
III. Brief introduction of Polyester Industry chain Market
PTA
Today, the spot market of PTA in East China is narrow and strong, so we can negotiate around 5765 yuan / ton. This week and next week, the main port delivery 05 discount 40-45 near the transaction and negotiations. The strong atmosphere of China's commodity market, coupled with high cost support, promoted the formation of the market, and the PTA futures market rose 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 remains strong and volatile. Market supply tightened, boosting the market mentality, the focus of ethylene glycol market negotiations rose slightly, East China quotation around 4595 yuan / ton, up 65 yuan / ton compared with the previous working day. The quotation in South China is around 4650 yuan / ton. Ethylene glycol shipment data improved, port inventory continued to decline, downstream polyester load decreased slightly, maintaining rigid demand for stock. The 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 narrow and strong. Polyester raw material PTA market is strong, driven by the cost end, polyester chip market part of the offer up, the market transaction center of gravity rose 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 of polyester bottle chips rose slightly. Polyester raw material PTA market is strong, the cost end to promote the market, bottle chip manufacturers offer up 50 yuan / ton, market offer rose slightly; downstream cautious follow-up, market trading atmosphere is light. It is expected that the short-term lactone bottle market may maintain finishing.
Polyester filament
Today's polyester filament market deadlock finishing. The strong cost end supports the market, the offer of mainstream polyester manufacturers is stable or the preferential offer is narrowed, and the focus of market transaction is adjusted slightly. Downstream rigid demand follow-up, market production and sales light. It is expected that the market price of filament will tend to be sorted out in the short term.
Polyester staple fiber
Today, the polyester staple market is narrowly strengthened. The strong cost end promotes the market, and the price of staple fiber market rises slightly. The enthusiasm of downstream stock preparation has increased, and the production and marketing of enterprises have rebounded. It is expected that the short-term market price of polyester staple fiber will be maintained.
IV. Polyester Raw material Futures Market
PTA: January 16 PTA main 2405 contract opening price: 5748, lowest price: 5738, highest price: 5846, closing price: 5828, settlement price: 5806, up 42, position: 1111400.
Ethylene glycol: January 16 EG main contract 2405 opening price: 4622, lowest price: 4610, highest price: 4677, closing price: 4645, settlement price: 4645, up 47, position: 430501.
V. production and marketing data of polyester market
|
Product |
2024.1.16 |
2024.1.15 |
Rise and fall |
Unit |
|
Polyester chip |
40% |
35% |
+5% |
% |
|
Polyester filament |
40% |
40% |
0% |
% |
|
Polyester staple fiber |
90% |
40% |
+50% |
% |
VI. Future forecast
The international crude oil market maintains a high level, 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 are different. 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.