Polyester industry chain: Weak raw materials continue to be weak. Polyester market remains light
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February 4, 2024, 4:28 PM I. the market trend chart of polyester industry chain
On February 4th, the market price index of ethylene glycol was 4644.12, down 9.48 from the previous working day.
On February 4th, China's PTA market price index was 5835, down 25% from the previous working day.
On February 4th, the market price index of polyester chips was 6925, down 25% from the previous working day. The market price index of polyester bottle chips was 7050, which was the same as that of the previous working day.
II. Summary of market price of polyester industry chain
|
Product |
Specifications |
Market |
2024.2.4 |
2024.2.2 |
Rise and fall |
Remarks |
|
PTA |
Spot |
East China |
5835 |
5860 |
-25 |
Self-withdrawing tax, yuan / ton |
|
Product |
Specifications |
Market |
2024.2.4 |
2024.2.2 |
Rise and fall |
Remarks |
|
Glycol |
Polyester grade |
East China |
4630 |
4650 |
-20 |
Self-withdrawing tax, yuan / ton |
|
Polyester grade |
South China |
4670 |
4670 |
0 |
Short delivery including tax, yuan / ton |
|
|
Product |
Specifications |
Market |
2024.2.4 |
2024.2.2 |
Rise and fall |
Remarks |
|
Polyester chip |
Semi-light section |
East China |
6925 |
6950 |
-25 |
Factory includes tax, yuan / ton |
|
Light slicing |
6925 |
6950 |
-25 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2024.2.4 |
2024.2.2 |
Rise and fall |
Remarks |
|
Polyester bottle chip |
Aquarius level (IV.=0.8) |
East China |
7050 |
7050 |
0 |
Factory includes tax, yuan / ton |
|
Oil bottle grade |
7050 |
7050 |
0 |
Factory includes tax, yuan / ton |
||
|
Hot pot grade |
7050 |
7050 |
0 |
Factory includes tax, yuan / ton |
||
|
Carbonic acid grade |
7150 |
7150 |
0 |
Factory includes tax, yuan / ton |
||
|
Aquarius level (IV.=0.8) |
South China |
7050 |
7050 |
0 |
Factory includes tax, yuan / ton |
|
|
Oil bottle grade |
7050 |
7050 |
0 |
Factory includes tax, yuan / ton |
||
|
Hot pot grade |
7050 |
7050 |
0 |
Factory includes tax, yuan / ton |
||
|
Carbonic acid grade |
7150 |
7150 |
0 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2024.2.4 |
2024.2.2 |
Rise and fall |
Remarks |
|
Polyester filament |
Jiangsu and Zhejiang market POY150D/48F |
East China |
7775 |
7775 |
0 |
Factory includes tax, yuan / ton |
|
Jiangsu and Zhejiang market FDY150D/96F |
8400 |
8400 |
0 |
Factory includes tax, yuan / ton |
||
|
Jiangsu and Zhejiang market DTY150D/48F |
9000 |
9000 |
0 |
Factory includes tax, yuan / ton |
||
|
Jiangsu and Zhejiang market POY75D/72F |
7950 |
7950 |
0 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2024.2.4 |
2024.2.2 |
Rise and fall |
Remarks |
|
Polyester staple yarn |
Semi-glossy white 1.56: 38 |
Jiangsu Province |
7250 |
7250 |
0 |
Factory includes tax, yuan / ton |
|
Semi-glossy white 1.56: 38 |
Zhejiang |
7300 |
7300 |
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 5835 yuan / ton. This week and next week, the main port delivery 05 flat water-discount 10 near the transaction and negotiations. International crude oil fell, suppressing market mentality, PTA futures market continued to fall, spot basis fluctuations in a narrow range, traders and polyester factories rigid demand to buy mainly, 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 weak. Commodity market atmosphere is weak, suppressing market mentality, ethylene glycol market negotiations focus on a slight correction, East China quotation around 4630 yuan / ton, down 20 yuan / ton compared with the previous working day. The quotation in South China is around 4670 yuan / ton. The arrival of ethylene glycol port decreased, the port inventory dropped sharply, while the downstream polyester load continued to fall, and market trading weakened. 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 weak. The polyester raw material PTA market is weak, the cost end support is insufficient, the polyester chip factory offer is stable, the market transaction center of gravity tends to the low end. Downstream demand is relatively weak, enterprise production and marketing is depressed. It is expected that the polyester chip market will maintain the finishing operation in the short term.
Polyester bottle chip
Today, the market of polyester bottle chips is maintained and arranged. Polyester raw material PTA market is weak, the cost end to the market support is insufficient, bottle chip manufacturers offer stable, market offer on the 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. Polyester cost to support the market in general, the mainstream polyester manufacturers offer stability, the market focus of narrow fluctuations. Downstream demand weakens, the market production and marketing is deserted. 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 in a narrow range today. The weak cost end is insufficient to support the market, and the mainstream quotation in the staple fiber market is adjusted slightly. There is not enough gas in the downstream, and the production and marketing of enterprises are light. It is expected that the short-term market price of polyester staple fiber will be maintained.
IV. Polyester Raw material Futures Market
PTA: February 2 PTA main force 2405 contract opening price: 5878, lowest price: 5824, highest price: 5902, closing price: 5846, settlement price: 5864, down 72, position: 1141297.
Ethylene glycol: February 2nd EG main contract 2405 opening price: 4700, lowest price: 4602, highest price: 4713, closing price: 4607, settlement price: 4652, down 131, position: 405963.
V. production and marketing data of polyester market
|
Product |
2024.2.4 |
2024.2.2 |
Rise and fall |
Unit |
|
Polyester chip |
15% |
25% |
-10% |
% |
|
Polyester filament |
15% |
20% |
-5% |
% |
|
Polyester staple fiber |
10% |
15% |
-5% |
% |
VI. Future forecast
High fluctuations in the international crude oil market promote the formation of the market, polyester raw materials 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 demand is deserted, 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.