Polyester industry chain: Raw materials continue to rise, the polyester market tends to be cautious
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January 24, 2024, 4:33 PM I. the market trend chart of polyester industry chain
On January 24th, the market price index of ethylene glycol was 4642.81, up 30.87 from the previous working day.
China's PTA market price index was 5970 on Jan. 24, up 60 percent from the previous working day.
On January 24, the market price index of polyester chips was 6875, which was stable compared with the previous working day. The market price index of polyester bottle chips was 7125, up 75% from the previous working day.
II. Summary of market price of polyester industry chain
|
Product |
Specifications |
Market |
2024.1.24 |
2024.1.23 |
Rise and fall |
Remarks |
|
PTA |
Spot |
East China |
5970 |
5910 |
+60 |
Self-withdrawing tax, yuan / ton |
|
Product |
Specifications |
Market |
2024.1.24 |
2024.1.23 |
Rise and fall |
Remarks |
|
Glycol |
Polyester grade |
East China |
4660 |
4605 |
+55 |
Self-withdrawing tax, yuan / ton |
|
Polyester grade |
South China |
4680 |
4650 |
+30 |
Short delivery including tax, yuan / ton |
|
|
Product |
Specifications |
Market |
2024.1.24 |
2024.1.23 |
Rise and fall |
Remarks |
|
Polyester chip |
Semi-light section |
East China |
6875 |
6875 |
0 |
Factory includes tax, yuan / ton |
|
Light slicing |
6875 |
6875 |
0 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2024.1.24 |
2024.1.23 |
Rise and fall |
Remarks |
|
Polyester bottle chip |
Aquarius level (IV.=0.8) |
East China |
7125 |
7050 |
+75 |
Factory includes tax, yuan / ton |
|
Oil bottle grade |
7125 |
7050 |
+75 |
Factory includes tax, yuan / ton |
||
|
Hot pot grade |
7125 |
7050 |
+75 |
Factory includes tax, yuan / ton |
||
|
Carbonic acid grade |
7225 |
7150 |
+75 |
Factory includes tax, yuan / ton |
||
|
Aquarius level (IV.=0.8) |
South China |
7125 |
7050 |
+75 |
Factory includes tax, yuan / ton |
|
|
Oil bottle grade |
7125 |
7050 |
+75 |
Factory includes tax, yuan / ton |
||
|
Hot pot grade |
7125 |
7050 |
+75 |
Factory includes tax, yuan / ton |
||
|
Carbonic acid grade |
7225 |
7150 |
+75 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2024.1.24 |
2024.1.23 |
Rise and fall |
Remarks |
|
Polyester filament |
Jiangsu and Zhejiang market POY150D/48F |
East China |
7650 |
7650 |
0 |
Factory includes tax, yuan / ton |
|
Jiangsu and Zhejiang market FDY150D/96F |
8275 |
8275 |
0 |
Factory includes tax, yuan / ton |
||
|
Jiangsu and Zhejiang market DTY150D/48F |
8975 |
8975 |
0 |
Factory includes tax, yuan / ton |
||
|
Jiangsu and Zhejiang market POY75D/72F |
7900 |
7900 |
0 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2024.1.24 |
2024.1.23 |
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 continues to strengthen, with a reference of 5970 yuan / ton. This week and next week, the main port delivery 05 discount 25-305045 near the transaction and negotiations. China's commodity market atmosphere improved, coupled with the capital side of the boost, the PTA futures market continued to rise. 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 commodity market atmosphere improved, boosting the market mentality, and the focus of negotiations in the ethylene glycol market increased slightly. The quotation in East China revolved around 4660 yuan / ton, up 55 yuan / ton from the previous working day. The quotation in South China is around 4680 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's polyester chip market is narrowly arranged. Polyester raw material PTA market is strong, the cost end is high support, polyester chip factory offer is stable, the market transaction focus fluctuates slightly. Downstream rigid demand replenishment is the main, some enterprises production and marketing is still good. 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 up 50 yuan / ton, the market offer followed up; 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 narrow finishing. The cost end is strong to support the market, the offer of mainstream polyester manufacturers is stable, some concessions are narrowed, and the focus of market transaction is adjusted slightly. Downstream demand weakens, market production and sales decline. 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 cautious follow-up, enterprise production and marketing in general. It is expected that the short-term market price of polyester staple fiber will be maintained.
IV. Polyester Raw material Futures Market
PTA: January 24th PTA main 2405 contract opening price: 5972, lowest price: 5962, highest price: 6040, closing price: 6028, settlement price: 5994, up 86, position: 1256411.
Ethylene glycol: January 24th EG main contract 2405 opening price: 4657, lowest price: 4643, highest price: 4722, closing price: 4722, settlement price: 4676, up 95%, position: 424176.
V. production and marketing data of polyester market
|
Product |
2024.1.24 |
2024.1.23 |
Rise and fall |
Unit |
|
Polyester chip |
100% |
110% |
-10% |
% |
|
Polyester filament |
55% |
100% |
-45% |
% |
|
Polyester staple fiber |
35% |
90% |
-55% |
% |
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 mainly adjust slightly with the cost, downstream end-of-year rigid demand replenishment increases, 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.