Polyester industry chain: Costs remain high. Polyester market rises slightly
90,714 
January 26, 2024, 4:27 PM I. the market trend chart of polyester industry chain
On January 26th, the market price index of ethylene glycol was 4667.33, up 10.31 from the previous working day.
On January 26th, China's PTA market price index was 6025, up 10% from the previous working day.
On January 26th, the market price index of polyester chips was 7000, up 75% from the previous working day. The market price index of polyester bottle chips was 7225, up 50% from the previous working day.
II. Summary of market price of polyester industry chain
|
Product |
Specifications |
Market |
2024.1.26 |
2024.1.25 |
Rise and fall |
Remarks |
|
PTA |
Spot |
East China |
6025 |
6015 |
+10 |
Self-withdrawing tax, yuan / ton |
|
Product |
Specifications |
Market |
2024.1.26 |
2024.1.25 |
Rise and fall |
Remarks |
|
Glycol |
Polyester grade |
East China |
4705 |
4690 |
+15 |
Self-withdrawing tax, yuan / ton |
|
Polyester grade |
South China |
4700 |
4680 |
+20 |
Short delivery including tax, yuan / ton |
|
|
Product |
Specifications |
Market |
2024.1.26 |
2024.1.25 |
Rise and fall |
Remarks |
|
Polyester chip |
Semi-light section |
East China |
7000 |
6925 |
+75 |
Factory includes tax, yuan / ton |
|
Light slicing |
7000 |
6925 |
+75 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2024.1.26 |
2024.1.25 |
Rise and fall |
Remarks |
|
Polyester bottle chip |
Aquarius level (IV.=0.8) |
East China |
7225 |
7175 |
+50 |
Factory includes tax, yuan / ton |
|
Oil bottle grade |
7225 |
7175 |
+50 |
Factory includes tax, yuan / ton |
||
|
Hot pot grade |
7225 |
7175 |
+50 |
Factory includes tax, yuan / ton |
||
|
Carbonic acid grade |
7325 |
7275 |
+50 |
Factory includes tax, yuan / ton |
||
|
Aquarius level (IV.=0.8) |
South China |
7225 |
7175 |
+50 |
Factory includes tax, yuan / ton |
|
|
Oil bottle grade |
7225 |
7175 |
+50 |
Factory includes tax, yuan / ton |
||
|
Hot pot grade |
7225 |
7175 |
+50 |
Factory includes tax, yuan / ton |
||
|
Carbonic acid grade |
7325 |
7275 |
+50 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2024.1.26 |
2024.1.25 |
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 |
8325 |
8325 |
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 |
2024.1.26 |
2024.1.25 |
Rise and fall |
Remarks |
|
Polyester staple yarn |
Semi-glossy white 1.56: 38 |
Jiangsu Province |
7350 |
7325 |
+25 |
Factory includes tax, yuan / ton |
|
Semi-glossy white 1.56: 38 |
Zhejiang |
7425 |
7400 |
+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 6025 yuan / ton. This week and next week, the main port delivery 05 discount 25-35 near the transaction and negotiations. Boosted by the rise in the international crude oil market, coupled with the promotion of capital, 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 4705 yuan / ton, up 15 yuan / ton from the previous working day. The quotation in South China is around 4700 yuan / ton. Ethylene glycol port arrival decreased, port inventory continued to decline, while downstream polyester load continued to fall, 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 market trend of polyester chips is strong. Polyester raw material PTA market is strong, the cost end high boost, polyester chip factory offer up, the market transaction center of gravity continues to rise. Downstream demand weakens, enterprise production and marketing is weak. 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 continues to rise, market offer followed up; 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 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
Polyester staple fiber market rose slightly today. The strength of the cost side promoted the market, and the mainstream quotations in the staple fiber market rose 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 26th PTA main 2405 contract opening price: 6004, lowest price: 6004, highest price: 6094, closing price: 6040, settlement price: 6048, up 2, position: 1321887.
Ethylene glycol: January 26th EG main contract 2405 opening price: 4700, lowest price: 4680, highest price: 4805, closing price: 4706, settlement price: 4742, down 4, position: 439895.
V. production and marketing data of polyester market
|
Product |
2024.1.26 |
2024.1.25 |
Rise and fall |
Unit |
|
Polyester chip |
30% |
30% |
0% |
% |
|
Polyester filament |
45% |
60% |
-15% |
% |
|
Polyester staple fiber |
30% |
40% |
-10% |
% |
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, the downstream chase up cautiously, the market production and marketing weakens. 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.