Polyester industry chain: Cost side drives weakening polyester market cautiously follows up
89,464 
January 19, 2024, 4:24 PM I. the market trend chart of polyester industry chain
On January 19th, the market price index of ethylene glycol was 4569.89, down 20.88 from the previous working day.
On January 19th, China's PTA market price index was 5830, up 30% from the previous working day.
On January 19th, the market price index of polyester chips was 6800, which was stable compared with the previous working day. The market price index of polyester bottle chips was 6950, up 25% from the previous working day.
II. Summary of market price of polyester industry chain
|
Product |
Specifications |
Market |
2024.1.19 |
2024.1.18 |
Rise and fall |
Remarks |
|
PTA |
Spot |
East China |
5830 |
5800 |
+30 |
Self-withdrawing tax, yuan / ton |
|
Product |
Specifications |
Market |
2024.1.19 |
2024.1.18 |
Rise and fall |
Remarks |
|
Glycol |
Polyester grade |
East China |
4595 |
4685 |
-90 |
Self-withdrawing tax, yuan / ton |
|
Polyester grade |
South China |
4580 |
4650 |
-70 |
Short delivery including tax, yuan / ton |
|
|
Product |
Specifications |
Market |
2024.1.19 |
2024.1.18 |
Rise and fall |
Remarks |
|
Polyester chip |
Semi-light section |
East China |
6800 |
6800 |
0 |
Factory includes tax, yuan / ton |
|
Light slicing |
6800 |
6800 |
0 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2024.1.19 |
2024.1.18 |
Rise and fall |
Remarks |
|
Polyester bottle chip |
Aquarius level (IV.=0.8) |
East China |
6950 |
6925 |
+25 |
Factory includes tax, yuan / ton |
|
Oil bottle grade |
6950 |
6925 |
+25 |
Factory includes tax, yuan / ton |
||
|
Hot pot grade |
6950 |
6925 |
+25 |
Factory includes tax, yuan / ton |
||
|
Carbonic acid grade |
7050 |
7025 |
+25 |
Factory includes tax, yuan / ton |
||
|
Aquarius level (IV.=0.8) |
South China |
6950 |
6925 |
+25 |
Factory includes tax, yuan / ton |
|
|
Oil bottle grade |
6950 |
6925 |
+25 |
Factory includes tax, yuan / ton |
||
|
Hot pot grade |
6950 |
6925 |
+25 |
Factory includes tax, yuan / ton |
||
|
Carbonic acid grade |
7050 |
7025 |
+25 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2024.1.19 |
2024.1.18 |
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 |
7800 |
7750 |
+50 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2024.1.19 |
2024.1.18 |
Rise and fall |
Remarks |
|
Polyester staple yarn |
Semi-glossy white 1.56: 38 |
Jiangsu Province |
7300 |
7300 |
0 |
Factory includes tax, yuan / ton |
|
Semi-glossy white 1.56: 38 |
Zhejiang |
7375 |
7350 |
+25 |
Factory includes tax, yuan / ton |
III. Brief introduction of Polyester Industry chain Market
PTA
Today
East China PTA spot market narrow range is strong, negotiation reference 5830 yuan / ton near. This week and next week, the main port delivery 05 discount 30-40 position 45-50 near the transaction and negotiations. The high level of the international crude oil market supported the market, and the PTA futures market rose 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, ethylene glycol market price shock correction. The market supply and demand side weakens, suppresses the market mentality, the ethylene glycol market negotiation center of gravity drops, the East China quotation revolves around 4595 yuan / ton, falls 90 yuan / ton compared with the previous working day. The quotation in South China is around 4580 yuan / ton. Ethylene glycol port inventory is maintained, while downstream polyester load continues to decline 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 is strong, 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 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 for polyester bottle chips is narrow and strong. Polyester raw material PTA market is strong, the cost end forms the support to the market, some bottle chip manufacturers offer up, the market low-end offer decreases; downstream cautious follow-up, the 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 cost end supports the market, the offers of mainstream polyester manufacturers are stable, some models are up-regulated in a narrow range, and the focus of market transactions is maintained. Downstream rigid demand followed up, some production and sales improved. It is expected that the market price of filament will tend to be sorted out in the short term.
Polyester staple fiber
Today, the market of polyester staple fiber is adjusted in a narrow range. The cost side is strong to support the market, and some quotations in the staple fiber market are slightly higher. 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 19th PTA main force 2405 contract opening price: 5846, lowest price: 5836, highest price: 5904, closing price: 5898, settlement price: 5870, up 58, position: 1118264.
Ethylene glycol: January 19 EG main contract 2405 opening price: 4670, lowest price: 4580, highest price: 4692, closing price: 4590, settlement price: 4635, down 104, position: 426624.
V. production and marketing data of polyester market
|
Product |
2024.1.19 |
2024.1.18 |
Rise and fall |
Unit |
|
Polyester chip |
50% |
30% |
+20% |
% |
|
Polyester filament |
60% |
40% |
+20% |
% |
|
Polyester staple fiber |
40% |
60% |
-20% |
% |
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 is 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.