Polyester industry chain: limited cost support, polyester market has price but no market
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February 6, 2024, 4:13 PM I. the market trend chart of polyester industry chain
On February 6th, the market price index of ethylene glycol was 4625.16, down 28.44 from the previous working day.
China's PTA market price index was 5875 on Feb. 6, up 15% from the previous working day.
On February 6th, 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, which was the same as that of the previous working day.
II. Summary of market price of polyester industry chain
|
Product |
Specifications |
Market |
2024.2.6 |
2024.2.5 |
Rise and fall |
Remarks |
|
PTA |
Spot |
East China |
5875 |
5860 |
+15 |
Self-withdrawing tax, yuan / ton |
|
Product |
Specifications |
Market |
2024.2.6 |
2024.2.5 |
Rise and fall |
Remarks |
|
Glycol |
Polyester grade |
East China |
4590 |
4650 |
-60 |
Self-withdrawing tax, yuan / ton |
|
Polyester grade |
South China |
4670 |
4670 |
0 |
Short delivery including tax, yuan / ton |
|
|
Product |
Specifications |
Market |
2024.2.6 |
2024.2.5 |
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 |
2024.2.6 |
2024.2.5 |
Rise and fall |
Remarks |
|
Polyester bottle chip |
Aquarius level (IV.=0.8) |
East China |
7000 |
7000 |
0 |
Factory includes tax, yuan / ton |
|
Oil bottle grade |
7000 |
7000 |
0 |
Factory includes tax, yuan / ton |
||
|
Hot pot grade |
7000 |
7000 |
0 |
Factory includes tax, yuan / ton |
||
|
Carbonic acid grade |
7100 |
7100 |
0 |
Factory includes tax, yuan / ton |
||
|
Aquarius level (IV.=0.8) |
South China |
7000 |
7000 |
0 |
Factory includes tax, yuan / ton |
|
|
Oil bottle grade |
7000 |
7000 |
0 |
Factory includes tax, yuan / ton |
||
|
Hot pot grade |
7000 |
7000 |
0 |
Factory includes tax, yuan / ton |
||
|
Carbonic acid grade |
7100 |
7100 |
0 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2024.2.6 |
2024.2.5 |
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 |
2024.2.6 |
2024.2.5 |
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 5875 yuan / ton. February main port and warehouse receipt delivery 05 litres of water 15-20 near the transaction and negotiations. The rise of the international crude oil market boosts the market mentality, the PTA futures market adjusts narrowly, the spot basis remains stable, and the rigid demand of traders and polyester factories is dominated by buying, 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 weak. Terminal demand continued to weaken, suppressing the market mentality, the focus of ethylene glycol market negotiations fell slightly, East China quotation around 4590 yuan / ton, down 60 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 materials PTA market finishing, the cost end support is stable, polyester chip factory offer is stable, the market transaction center of gravity is on the low end. At the end of the year, the downstream demand is relatively weak, and the production and marketing of enterprises are depressed. It is expected that the polyester chip market will maintain the finishing operation in the short term.
Polyester bottle chip
Today's polyester bottle chip market is arranged in a narrow range. Polyester raw materials PTA market finishing, cost end-to-market support is stable, bottle chip manufacturers offer stable, market offer on the 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 cost-end arrangement supports the market, and the mainstream quotation in the staple fiber market is adjusted slightly. Most of the downstream has been on holiday, 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 6 PTA main 2405 contract opening price: 5842, lowest price: 5834, highest price: 5896, closing price: 5882, settlement price: 5858, up 38, position: 1050903.
Ethylene glycol: February 6th EG main contract 2405 opening price: 4648, lowest price: 4567, highest price: 4648, closing price: 4605, settlement price: 4597, down 38, position: 382474.
V. production and marketing data of polyester market
|
Product |
2024.2.6 |
2024.2.5 |
Rise and fall |
Unit |
|
Polyester chip |
5% |
5% |
0% |
% |
|
Polyester filament |
5% |
10% |
-5% |
% |
|
Polyester staple fiber |
10% |
20% |
-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.