Polyester industry chain: The strong cost side drives the polyester market to rise in volume and price
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January 22, 2024, 4:20 PM I. the market trend chart of polyester industry chain
On January 22nd, the market price index of ethylene glycol was 4573.99, up 4.1 from the previous working day.
On January 22nd, China's PTA market price index was 5880, up 50% from the previous working day.
On January 22nd, the market price index of polyester chips was 6825, up 25% from the previous working day. The market price index of polyester bottle chips was 7000, up 50% from the previous working day.
II. Summary of market price of polyester industry chain
|
Product |
Specifications |
Market |
2024.1.22 |
2024.1.19 |
Rise and fall |
Remarks |
|
PTA |
Spot |
East China |
5880 |
5830 |
+50 |
Self-withdrawing tax, yuan / ton |
|
Product |
Specifications |
Market |
2024.1.22 |
2024.1.19 |
Rise and fall |
Remarks |
|
Glycol |
Polyester grade |
East China |
4580 |
4595 |
-15 |
Self-withdrawing tax, yuan / ton |
|
Polyester grade |
South China |
4650 |
4580 |
+70 |
Short delivery including tax, yuan / ton |
|
|
Product |
Specifications |
Market |
2024.1.22 |
2024.1.19 |
Rise and fall |
Remarks |
|
Polyester chip |
Semi-light section |
East China |
6825 |
6800 |
+25 |
Factory includes tax, yuan / ton |
|
Light slicing |
6825 |
6800 |
+25 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2024.1.22 |
2024.1.19 |
Rise and fall |
Remarks |
|
Polyester bottle chip |
Aquarius level (IV.=0.8) |
East China |
7000 |
6950 |
+50 |
Factory includes tax, yuan / ton |
|
Oil bottle grade |
7000 |
6950 |
+50 |
Factory includes tax, yuan / ton |
||
|
Hot pot grade |
7000 |
6950 |
+50 |
Factory includes tax, yuan / ton |
||
|
Carbonic acid grade |
7100 |
7050 |
+50 |
Factory includes tax, yuan / ton |
||
|
Aquarius level (IV.=0.8) |
South China |
7000 |
6950 |
+50 |
Factory includes tax, yuan / ton |
|
|
Oil bottle grade |
7000 |
6950 |
+50 |
Factory includes tax, yuan / ton |
||
|
Hot pot grade |
7000 |
6950 |
+50 |
Factory includes tax, yuan / ton |
||
|
Carbonic acid grade |
7100 |
7050 |
+50 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2024.1.22 |
2024.1.19 |
Rise and fall |
Remarks |
|
Polyester filament |
Jiangsu and Zhejiang market POY150D/48F |
East China |
7625 |
7550 |
+75 |
Factory includes tax, yuan / ton |
|
Jiangsu and Zhejiang market FDY150D/96F |
8250 |
8200 |
+50 |
Factory includes tax, yuan / ton |
||
|
Jiangsu and Zhejiang market DTY150D/48F |
8950 |
8900 |
+50 |
Factory includes tax, yuan / ton |
||
|
Jiangsu and Zhejiang market POY75D/72F |
7850 |
7800 |
+50 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2024.1.22 |
2024.1.19 |
Rise and fall |
Remarks |
|
Polyester staple yarn |
Semi-glossy white 1.56: 38 |
Jiangsu Province |
7325 |
7300 |
+25 |
Factory includes tax, yuan / ton |
|
Semi-glossy white 1.56: 38 |
Zhejiang |
7400 |
7375 |
+25 |
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 5880 yuan / ton. This week and next week, the main port delivery 05 discount 30-33 investors 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, the market price of ethylene glycol fluctuates in a narrow range. Market supply and demand end support, ethylene glycol market negotiations focus on a small adjustment, East China quotation around 4580 yuan / ton, down 15 yuan / ton compared with the previous working day. The quotation in South China is around 4650 yuan / ton. Ethylene glycol port arrival decreased, port inventory continued to decline, while downstream polyester load continued to decline 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 strong. Polyester raw material PTA market is strong, the cost end high support, polyester chip market offer is strong, the market transaction center of gravity increases slightly. Downstream rigid demand replenishment increased, market production and sales rebounded. 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 continues to strengthen, the cost end to promote the formation of the market, some bottle chip manufacturers offer upward, market offer slightly higher; downstream cautious follow-up, market trading atmosphere is light. It is expected that the short-term lactone bottle market may maintain finishing.
Polyester filament
The polyester filament market rose slightly today. The high level of the cost end promoted the market, the quotation of mainstream polyester manufacturers increased, and the center of gravity of the market increased slightly. 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 promote the market, and some quotations in the staple fiber market are slightly higher. Downstream smooth follow-up, enterprise production and marketing is OK. It is expected that the short-term market price of polyester staple fiber will be maintained.
IV. Polyester Raw material Futures Market
PTA: January 22nd PTA main force 2405 contract opening price: 5888, lowest price: 5872, highest price: 5950, closing price: 5928, settlement price: 5912, up 58, position: 1157104.
Ethylene glycol: January 22nd EG main contract 2405 opening price: 4585, lowest price: 4556, highest price: 4649, closing price: 4588, settlement price: 4608, down 47, position: 408801.
V. production and marketing data of polyester market
|
Product |
2024.1.22 |
2024.1.19 |
Rise and fall |
Unit |
|
Polyester chip |
90% |
50% |
+40% |
% |
|
Polyester filament |
90% |
60% |
+30% |
% |
|
Polyester staple fiber |
60% |
40% |
+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 year-end rigid demand replenishment, market production and marketing is OK. 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.