Polyester industry chain: The high level of raw materials supports the polyester market to be consolidated
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January 29, 2024, 4:30 PM I. the market trend chart of polyester industry chain
On January 29th, the market price index of ethylene glycol was 4672.64, up 5.31 from the previous working day.
On January 29th, China's PTA market price index was 6015, down 10% from the previous working day.
On January 29th, the market price index of polyester chips was 7000, unchanged from the previous working day. The market price index of polyester bottle chips was 7200, down 25% from the previous working day.
II. Summary of market price of polyester industry chain
|
Product |
Specifications |
Market |
2024.1.29 |
2024.1.26 |
Rise and fall |
Remarks |
|
PTA |
Spot |
East China |
6015 |
6025 |
-10 |
Self-withdrawing tax, yuan / ton |
|
Product |
Specifications |
Market |
2024.1.29 |
2024.1.26 |
Rise and fall |
Remarks |
|
Glycol |
Polyester grade |
East China |
4710 |
4705 |
+5 |
Self-withdrawing tax, yuan / ton |
|
Polyester grade |
South China |
4700 |
4700 |
0 |
Short delivery including tax, yuan / ton |
|
|
Product |
Specifications |
Market |
2024.1.29 |
2024.1.26 |
Rise and fall |
Remarks |
|
Polyester chip |
Semi-light section |
East China |
7000 |
7000 |
0 |
Factory includes tax, yuan / ton |
|
Light slicing |
7000 |
7000 |
0 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2024.1.29 |
2024.1.26 |
Rise and fall |
Remarks |
|
Polyester bottle chip |
Aquarius level (IV.=0.8) |
East China |
7200 |
7225 |
-25 |
Factory includes tax, yuan / ton |
|
Oil bottle grade |
7200 |
7225 |
-25 |
Factory includes tax, yuan / ton |
||
|
Hot pot grade |
7200 |
7225 |
-25 |
Factory includes tax, yuan / ton |
||
|
Carbonic acid grade |
7300 |
7325 |
-25 |
Factory includes tax, yuan / ton |
||
|
Aquarius level (IV.=0.8) |
South China |
7200 |
7225 |
-25 |
Factory includes tax, yuan / ton |
|
|
Oil bottle grade |
7200 |
7225 |
-25 |
Factory includes tax, yuan / ton |
||
|
Hot pot grade |
7200 |
7225 |
-25 |
Factory includes tax, yuan / ton |
||
|
Carbonic acid grade |
7300 |
7325 |
-25 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2024.1.29 |
2024.1.26 |
Rise and fall |
Remarks |
|
Polyester filament |
Jiangsu and Zhejiang market POY150D/48F |
East China |
7675 |
7675 |
0 |
Factory includes tax, yuan / ton |
|
Jiangsu and Zhejiang market FDY150D/96F |
8375 |
8375 |
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 |
2024.1.29 |
2024.1.26 |
Rise and fall |
Remarks |
|
Polyester staple yarn |
Semi-glossy white 1.56: 38 |
Jiangsu Province |
7350 |
7350 |
0 |
Factory includes tax, yuan / ton |
|
Semi-glossy white 1.56: 38 |
Zhejiang |
7425 |
7425 |
0 |
Factory includes tax, yuan / ton |
III. Brief introduction of Polyester Industry chain Market
PTA
Today, the spot market of East China PTA is narrow and weak, so we can negotiate around 6015 yuan / ton. This week and next week, the main port delivery 05 flat water-discount 30 near the transaction and negotiations. Market lack of continuous promotion, market supply and demand weakening, PTA futures market weakening, spot basis narrow callback, traders and polyester factories rigid demand buying-based, 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 in a narrow range. The international crude oil market rose, supporting the market mentality, and the focus of negotiations in the ethylene glycol market adjusted slightly. The quotation in East China revolved around 4710 yuan / ton, up 5 yuan / ton from the previous working day. The quotation in South China is around 4700 yuan / ton. The arrival of ethylene glycol port decreased, the port inventory continued to decline, while the downstream polyester load continued to decline, maintaining rigid demand for stock, both supply and demand in the market fell. 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 materials PTA market finishing, the cost end support is stable, polyester chip factory offer is stable, the market transaction center of gravity fluctuates slightly. Downstream rigid demand stock, enterprise 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 fluctuates within a narrow range. Polyester raw materials PTA market finishing, the cost end to support the market, bottle chip manufacturers offer remains stable, market offer tends to be low-end; 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 high cost end supports the market, the offers of mainstream polyester manufacturers are stable, some quotations are raised slightly, and the focus of market transactions is adjusted narrowly. Downstream demand weakens, market production and sales continue to decline. It is expected that the market price of filament will tend to be sorted out in the short term.
Polyester staple fiber
The market of polyester staple fiber fluctuates slightly today. The high cost end supports the market, and the mainstream quotation in the staple fiber market adjusts 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 29th PTA main 2405 contract opening price: 6030, lowest price: 5992, highest price: 6060, closing price: 6028, settlement price: 6032, down 20%, position: 1316407.
Ethylene glycol: January 29th EG main contract 2405 opening price: 4672, lowest price: 4653, highest price: 4785, closing price: 4712, settlement price: 4716, down 30, position: 445592.
V. production and marketing data of polyester market
|
Product |
2024.1.29 |
2024.1.26 |
Rise and fall |
Unit |
|
Polyester chip |
55% |
30% |
+25% |
% |
|
Polyester filament |
25% |
45% |
-20% |
% |
|
Polyester staple fiber |
30% |
30% |
0% |
% |
VI. Future forecast
The international crude oil market remains strong, promoting the formation of the market, polyester raw materials PTA and ethylene glycol market supply and demand side promotion, 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 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.