Polyester industry chain: Rising raw materials drive the polyester market to continue to rebound
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January 23, 2024, 4:26 PM I. the market trend chart of polyester industry chain
On January 23rd, the market price index of ethylene glycol was 4611.94, up 37.95 from the previous working day.
China's PTA market price index was 5910 on Jan. 23, up 30% from the previous working day.
On January 23, the market price index of polyester chips was 6875, up 50% from the previous working day. The market price index of polyester bottle chips was 7050, up 50% from the previous working day.
II. Summary of market price of polyester industry chain
|
Product |
Specifications |
Market |
2024.1.23 |
2024.1.22 |
Rise and fall |
Remarks |
|
PTA |
Spot |
East China |
5910 |
5880 |
+30 |
Self-withdrawing tax, yuan / ton |
|
Product |
Specifications |
Market |
2024.1.23 |
2024.1.22 |
Rise and fall |
Remarks |
|
Glycol |
Polyester grade |
East China |
4605 |
4580 |
+25 |
Self-withdrawing tax, yuan / ton |
|
Polyester grade |
South China |
4650 |
4650 |
0 |
Short delivery including tax, yuan / ton |
|
|
Product |
Specifications |
Market |
2024.1.23 |
2024.1.22 |
Rise and fall |
Remarks |
|
Polyester chip |
Semi-light section |
East China |
6875 |
6825 |
+50 |
Factory includes tax, yuan / ton |
|
Light slicing |
6875 |
6825 |
+50 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2024.1.23 |
2024.1.22 |
Rise and fall |
Remarks |
|
Polyester bottle chip |
Aquarius level (IV.=0.8) |
East China |
7050 |
7000 |
+50 |
Factory includes tax, yuan / ton |
|
Oil bottle grade |
7050 |
7000 |
+50 |
Factory includes tax, yuan / ton |
||
|
Hot pot grade |
7050 |
7000 |
+50 |
Factory includes tax, yuan / ton |
||
|
Carbonic acid grade |
7150 |
7100 |
+50 |
Factory includes tax, yuan / ton |
||
|
Aquarius level (IV.=0.8) |
South China |
7050 |
7000 |
+50 |
Factory includes tax, yuan / ton |
|
|
Oil bottle grade |
7050 |
7000 |
+50 |
Factory includes tax, yuan / ton |
||
|
Hot pot grade |
7050 |
7000 |
+50 |
Factory includes tax, yuan / ton |
||
|
Carbonic acid grade |
7150 |
7100 |
+50 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2024.1.23 |
2024.1.22 |
Rise and fall |
Remarks |
|
Polyester filament |
Jiangsu and Zhejiang market POY150D/48F |
East China |
7650 |
7625 |
+25 |
Factory includes tax, yuan / ton |
|
Jiangsu and Zhejiang market FDY150D/96F |
8275 |
8250 |
+25 |
Factory includes tax, yuan / ton |
||
|
Jiangsu and Zhejiang market DTY150D/48F |
8975 |
8950 |
+25 |
Factory includes tax, yuan / ton |
||
|
Jiangsu and Zhejiang market POY75D/72F |
7900 |
7850 |
+50 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2024.1.23 |
2024.1.22 |
Rise and fall |
Remarks |
|
Polyester staple yarn |
Semi-glossy white 1.56: 38 |
Jiangsu Province |
7325 |
7325 |
0 |
Factory includes tax, yuan / ton |
|
Semi-glossy white 1.56: 38 |
Zhejiang |
7400 |
7400 |
0 |
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 5910 yuan / ton. This week and next week, the main port delivery 05 discount 30-45 near the transaction and negotiations. The rise in the international crude oil market boosted 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 is narrow and strong. The rise in the international crude oil market has boosted the market mentality, and the focus of negotiations in the ethylene glycol market has increased slightly. The quotation in East China revolves around 4605 yuan / ton, up 25 yuan / ton from 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 factory offer up, market concessions narrowed, the market transaction center of gravity continues to rise. 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, bottle chip manufacturers offer temporarily stable, low-end market offer reduced; 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 strength of the cost end promoted the market, the quotation of mainstream polyester manufacturers was raised, and the center of gravity of the market increased slightly. Downstream rigid demand replenishment mainly, part of the production and marketing improved. 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 high cost end supports the market, and the mainstream quotation in the staple fiber market fluctuates slightly. 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 23rd PTA main 2405 contract opening price: 5930, lowest price: 5900, highest price: 5986, closing price: 5982, settlement price: 5942, up 70%, position: 1180427.
Ethylene glycol: January 23rd EG main contract 2405 opening price: 4588, lowest price: 4583, highest price: 4670, closing price: 4654, settlement price: 4627, up 46, position: 401568.
V. production and marketing data of polyester market
|
Product |
2024.1.23 |
2024.1.22 |
Rise and fall |
Unit |
|
Polyester chip |
110% |
90% |
+20% |
% |
|
Polyester filament |
100% |
90% |
+10% |
% |
|
Polyester staple fiber |
90% |
60% |
+30% |
% |
VI. Future forecast
The international crude oil market remains 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 mainly adjust slightly with the cost, downstream year-end rigid demand replenishment increase, 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.