Polyester industry chain: Raw materials remain high. Polyester market is deadlocked
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February 5, 2024, 4:37 PM I. the market trend chart of polyester industry chain
On February 5th, the market price index of ethylene glycol was 4653.60, up 9.48 from the previous working day.
On February 5th, China's PTA market price index was 5860, up 25% from the previous working day.
On February 5th, the market price index of polyester chips was 6925, which was the same as that of the previous working day. The market price index of polyester bottle chips was 7000, down 50% from the previous working day.
II. Summary of market price of polyester industry chain
|
Product |
Specifications |
Market |
2024.2.5 |
2024.2.4 |
Rise and fall |
Remarks |
|
PTA |
Spot |
East China |
5860 |
5835 |
+25 |
Self-withdrawing tax, yuan / ton |
|
Product |
Specifications |
Market |
2024.2.5 |
2024.2.4 |
Rise and fall |
Remarks |
|
Glycol |
Polyester grade |
East China |
4650 |
4630 |
+20 |
Self-withdrawing tax, yuan / ton |
|
Polyester grade |
South China |
4670 |
4670 |
0 |
Short delivery including tax, yuan / ton |
|
|
Product |
Specifications |
Market |
2024.2.5 |
2024.2.4 |
Rise and fall |
Remarks |
|
Polyester chip |
Semi-light section |
East China |
6925 |
6925 |
0 |
Factory includes tax, yuan / ton |
|
Light slicing |
6925 |
6925 |
0 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2024.2.5 |
2024.2.4 |
Rise and fall |
Remarks |
|
Polyester bottle chip |
Aquarius level (IV.=0.8) |
East China |
7000 |
7050 |
-50 |
Factory includes tax, yuan / ton |
|
Oil bottle grade |
7000 |
7050 |
-50 |
Factory includes tax, yuan / ton |
||
|
Hot pot grade |
7000 |
7050 |
-50 |
Factory includes tax, yuan / ton |
||
|
Carbonic acid grade |
7100 |
7150 |
-50 |
Factory includes tax, yuan / ton |
||
|
Aquarius level (IV.=0.8) |
South China |
7000 |
7050 |
-50 |
Factory includes tax, yuan / ton |
|
|
Oil bottle grade |
7000 |
7050 |
-50 |
Factory includes tax, yuan / ton |
||
|
Hot pot grade |
7000 |
7050 |
-50 |
Factory includes tax, yuan / ton |
||
|
Carbonic acid grade |
7100 |
7150 |
-50 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2024.2.5 |
2024.2.4 |
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 |
2024.2.5 |
2024.2.4 |
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, East China PTA spot market is arranged in a narrow range, with a reference of 5860 yuan / ton. This week and next week, the main port delivery of 05 litres of water 15-20 near the deal and negotiations. Under the influence of the off-season atmosphere, the PTA futures market is adjusted narrowly, the spot basis is narrow and strong, traders and polyester factories are mainly buying rigid demand, and 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. Port inventory continued to decline, supporting the market mentality, the focus of ethylene glycol market negotiations rose slightly, East China quotation around 4650 yuan / ton, up 20 yuan / ton compared with the previous working day. The quotation in South China is around 4670 yuan / ton. Ethylene glycol port arrival decreased, port inventory decreased, while downstream polyester load continued to fall, 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 maintains finishing. 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 is on 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 for polyester bottle chips is weak. Polyester raw material PTA market is weak, the cost end to the market support is insufficient, bottle chip manufacturers offer down 50 yuan / ton, market offer tends to low-end; downstream cautious wait-and-see, light market trading atmosphere. 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. Most of the downstream has been on holiday, and 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 5 PTA main force 2405 contract opening price: 5842, lowest price: 5820, highest price: 5870, closing price: 5852, settlement price: 5844, down 12, position: 1089841.
Ethylene glycol: February 5th EG main contract 2405 opening price: 4607, lowest price: 4606, highest price: 4674, closing price: 4656, settlement price: 4643, up 4, position: 391736.
V. production and marketing data of polyester market
|
Product |
2024.2.5 |
2024.2.4 |
Rise and fall |
Unit |
|
Polyester chip |
5% |
15% |
-10% |
% |
|
Polyester filament |
10% |
15% |
-5% |
% |
|
Polyester staple fiber |
20% |
10% |
+10% |
% |
VI. Future forecast
The high fluctuation of the international crude oil market promotes 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 be mainly adjusted slightly with the cost, downstream has been a holiday, the market production and marketing is weak. 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.