Polyester industry chain: cost-driven weakening polyester market tends to be cautious
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January 17, 2024, 4:18 PM I. the market trend chart of polyester industry chain
On January 17th, the market price index of ethylene glycol was 4531.71, up 4.76 from the previous working day.
On January 17th, China's PTA market price index was 5780, up 15% from the previous working day.
On January 17th, the market price index of polyester chips was 6775, which was stable compared with the previous working day. The market price index of polyester bottle chips was 6900, down 25% from the previous working day.
II. Summary of market price of polyester industry chain
|
Product |
Specifications |
Market |
2024.1.17 |
2024.1.16 |
Rise and fall |
Remarks |
|
PTA |
Spot |
East China |
5780 |
5765 |
+15 |
Self-withdrawing tax, yuan / ton |
|
Product |
Specifications |
Market |
2024.1.17 |
2024.1.16 |
Rise and fall |
Remarks |
|
Glycol |
Polyester grade |
East China |
4610 |
4595 |
+15 |
Self-withdrawing tax, yuan / ton |
|
Polyester grade |
South China |
4630 |
4650 |
-20 |
Short delivery including tax, yuan / ton |
|
|
Product |
Specifications |
Market |
2024.1.17 |
2024.1.16 |
Rise and fall |
Remarks |
|
Polyester chip |
Semi-light section |
East China |
6775 |
6775 |
0 |
Factory includes tax, yuan / ton |
|
Light slicing |
6775 |
6775 |
0 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2024.1.17 |
2024.1.16 |
Rise and fall |
Remarks |
|
Polyester bottle chip |
Aquarius level (IV.=0.8) |
East China |
6900 |
6925 |
-25 |
Factory includes tax, yuan / ton |
|
Oil bottle grade |
6900 |
6925 |
-25 |
Factory includes tax, yuan / ton |
||
|
Hot pot grade |
6900 |
6925 |
-25 |
Factory includes tax, yuan / ton |
||
|
Carbonic acid grade |
7000 |
7025 |
-25 |
Factory includes tax, yuan / ton |
||
|
Aquarius level (IV.=0.8) |
South China |
6900 |
6925 |
-25 |
Factory includes tax, yuan / ton |
|
|
Oil bottle grade |
6900 |
6925 |
-25 |
Factory includes tax, yuan / ton |
||
|
Hot pot grade |
6900 |
6925 |
-25 |
Factory includes tax, yuan / ton |
||
|
Carbonic acid grade |
7000 |
7025 |
-25 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2024.1.17 |
2024.1.16 |
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 |
2024.1.17 |
2024.1.16 |
Rise and fall |
Remarks |
|
Polyester staple yarn |
Semi-glossy white 1.56: 38 |
Jiangsu Province |
7250 |
7250 |
0 |
Factory includes tax, yuan / ton |
|
Semi-glossy white 1.56: 38 |
Zhejiang |
7325 |
7325 |
0 |
Factory includes tax, yuan / ton |
III. Brief introduction of Polyester Industry chain Market
PTA
Today, the spot market of East China PTA is adjusted within a narrow range, and it will be discussed around 5780 yuan / ton. This week and next week, the main port delivery 05 discount 40-45 near the transaction and negotiations. The high level of the international crude oil market supports the market, and the PTA futures market fluctuates slightly. Spot base margin narrow adjustment, traders and polyester factory rigid demand buying, 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 maintains a narrow range of fluctuations. High cost support, market mentality is cautious, the focus of ethylene glycol market negotiations fluctuated slightly, East China quotation around 4615 yuan / ton, up 15 yuan / ton compared with the previous working day. The quotation in South China is around 4630 yuan / ton. Ethylene glycol port inventory decreased, while downstream polyester load decreased slightly, maintaining rigid demand for inventory. 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 maintains finishing. Polyester raw material PTA market finishing, the cost end support is stable, the polyester chip market offer is stable, the market transaction center of gravity is adjusted 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 fluctuates slightly today. Polyester raw materials PTA market finishing, the cost end to support the market, bottle chip manufacturers offer stable, low-end market offer has increased; 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 high end of the cost supports the market, the offer of mainstream polyester manufacturers is stable or narrow adjustment, and the focus of market transaction is maintained. 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. Cost-end finishing supports the market, and the quotation of staple fiber market remains stable. Downstream demand weakens, enterprise production and marketing is depressed. It is expected that the short-term market price of polyester staple fiber will be maintained.
IV. Polyester Raw material Futures Market
PTA: January 17 PTA main 2405 contract opening price: 5840, lowest price: 5800, highest price: 5850, closing price: 5814, settlement price: 5824, up 8, position: 1074854.
Ethylene glycol: January 17 EG main contract 2405 opening price: 4645, lowest price: 4612, highest price: 4674, closing price: 4651, settlement price: 4646, up 6, position: 429971.
V. production and marketing data of polyester market
|
Product |
2024.1.17 |
2024.1.16 |
Rise and fall |
Unit |
|
Polyester chip |
30% |
70% |
-40% |
% |
|
Polyester filament |
40% |
40% |
0% |
% |
|
Polyester staple fiber |
30% |
90% |
-60% |
% |
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 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.