Polyester industry chain: raw materials continue to adjust back and the polyester market is weak
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February 21, 2024, 4:29 PM I. the market trend chart of polyester industry chain
On February 21st, the market price index of ethylene glycol was 4625.16, down 42.71 from the previous working day.
On February 21st, China's PTA market price index was 5900, down 40% from the previous working day.
On February 21st, the market price index of polyester chips was 6975, down 25 from the previous working day. The market price index of polyester bottle chips was 7050, down 50% from the previous working day.
II. Summary of market price of polyester industry chain
|
Product |
Specifications |
Market |
2024.2.21 |
2024.2.20 |
Rise and fall |
Remarks |
|
PTA |
Spot |
East China |
5900 |
5940 |
-40 |
Self-withdrawing tax, yuan / ton |
|
Product |
Specifications |
Market |
2024.2.21 |
2024.2.20 |
Rise and fall |
Remarks |
|
Glycol |
Polyester grade |
East China |
4590 |
4670 |
-80 |
Self-withdrawing tax, yuan / ton |
|
Polyester grade |
South China |
4670 |
4700 |
-30 |
Short delivery including tax, yuan / ton |
|
|
Product |
Specifications |
Market |
2024.2.21 |
2024.2.20 |
Rise and fall |
Remarks |
|
Polyester chip |
Semi-light section |
East China |
6975 |
7000 |
-25 |
Factory includes tax, yuan / ton |
|
Light slicing |
6975 |
7000 |
-25 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2024.2.21 |
2024.2.20 |
Rise and fall |
Remarks |
|
Polyester bottle chip |
Aquarius level (IV.=0.8) |
East China |
7050 |
7100 |
-50 |
Factory includes tax, yuan / ton |
|
Oil bottle grade |
7050 |
7100 |
-50 |
Factory includes tax, yuan / ton |
||
|
Hot pot grade |
7050 |
7100 |
-50 |
Factory includes tax, yuan / ton |
||
|
Carbonic acid grade |
7150 |
7200 |
-50 |
Factory includes tax, yuan / ton |
||
|
Aquarius level (IV.=0.8) |
South China |
7050 |
7100 |
-50 |
Factory includes tax, yuan / ton |
|
|
Oil bottle grade |
7050 |
7100 |
-50 |
Factory includes tax, yuan / ton |
||
|
Hot pot grade |
7050 |
7100 |
-50 |
Factory includes tax, yuan / ton |
||
|
Carbonic acid grade |
7150 |
7200 |
-50 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2024.2.21 |
2024.2.20 |
Rise and fall |
Remarks |
|
Polyester filament |
Jiangsu and Zhejiang market POY150D/48F |
East China |
7875 |
7875 |
0 |
Factory includes tax, yuan / ton |
|
Jiangsu and Zhejiang market FDY150D/96F |
8450 |
8450 |
0 |
Factory includes tax, yuan / ton |
||
|
Jiangsu and Zhejiang market DTY150D/48F |
9050 |
9050 |
0 |
Factory includes tax, yuan / ton |
||
|
Jiangsu and Zhejiang market POY75D/72F |
8050 |
8050 |
0 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2024.2.21 |
2024.2.20 |
Rise and fall |
Remarks |
|
Polyester staple yarn |
Semi-glossy white 1.56: 38 |
Jiangsu Province |
7300 |
7375 |
-75 |
Factory includes tax, yuan / ton |
|
Semi-glossy white 1.56: 38 |
Zhejiang |
7375 |
7425 |
-50 |
Factory includes tax, yuan / ton |
III. Brief introduction of Polyester Industry chain Market
PTA
Today, the spot market of PTA in East China continues to decline, with a reference of 5900 yuan / ton. February main port and warehouse receipt delivery 05 discount 10-15 near the transaction and negotiation. The international crude oil market fell, the commodity market atmosphere weakened, suppressed the market mentality, and the PTA market offer fluctuated and fell. Spot base spread weakens slightly, traders and polyester factories are cautious, and market trading is deserted. It is expected that the short-term market will maintain a narrow adjustment.
Glycol
Today, the market price of ethylene glycol continues to adjust. The international crude oil market fell, the commodity market atmosphere was weak, suppressing the market mentality, and the focus of negotiations in the ethylene glycol market fell. The quotation in East China revolved around 4590 yuan / ton, down 80 yuan / ton compared with the previous working day. The quotation in South China is around 4670 yuan / ton. Ethylene glycol port inventory growth is limited, downstream polyester load gradually rebounded, supply and demand to support the market. The lack of continuous drive in the market, it is expected that the short-term ethylene glycol market will maintain a weak volatility trend.
Polyester chip
Today, the polyester chip market is weak. The polyester raw material market continues to fall, the cost end support weakens, the polyester chip market low-end offer increases, the market negotiation center of gravity falls. Downstream demand weakens and the market production and marketing is deserted. 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 weak. Polyester raw material market continues to decline, the cost end to the market formation pressure, bottle chip manufacturers offer down 50-100 yuan / ton, market offer slightly lower; 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. The decline in the cost side suppressed the market, the offer of mainstream polyester manufacturers was stable, and the center of gravity of the market fluctuated slightly. Downstream demand is weak, market trading is deserted. It is expected that the market price of filament will tend to be sorted out in the short term.
Polyester staple fiber
Today, the polyester staple market fell in a narrow range. Polyester costs fell on the market to form a crackdown, staple fiber market mainstream quotations a small pullback. Downstream demand follow-up is limited, market production and marketing is relatively weak. It is expected that the short-term market price of polyester staple fiber will be maintained.
IV. Polyester Raw material Futures Market
PTA: February 21 PTA main 2405 contract opening price: 5888, lowest price: 5882, highest price: 5950, closing price: 5914, settlement price: 5914, down 28, position: 1011792.
Ethylene glycol: February 21 EG main contract 2405 opening price: 4623, lowest price: 4562, highest price: 4647, closing price: 4572, settlement price: 4607, down 106, position: 400081.
V. production and marketing data of polyester market
|
Product |
2024.2.21 |
2024.2.20 |
Rise and fall |
Unit |
|
Polyester chip |
15% |
20% |
-5% |
% |
|
Polyester filament |
20% |
25% |
-5% |
% |
|
Polyester staple fiber |
25% |
20% |
+5% |
% |
VI. Future forecast
The international crude oil market fluctuates at a high level, while the atmosphere of the Chinese commodity market is weak, which 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 mainly adjust slightly with the cost, downstream demand has not recovered, market production and sales 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.