Polyester industry chain: High costs support stalemate in the polyester market
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February 23, 2024, 4:34 PM I. the market trend chart of polyester industry chain
On February 23rd, the market price index of ethylene glycol was 4667.87, up 11.84 from the previous working day.
On February 23rd, China's PTA market price index was 5935, down 5% from the previous working day.
On February 23, the market price index of polyester chips was 7000, which was the same as that of the previous working day. The market price index of polyester bottle chips was 7100, which was the same as that of the previous working day.
II. Summary of market price of polyester industry chain
|
Product |
Specifications |
Market |
2024.2.23 |
2024.2.22 |
Rise and fall |
Remarks |
|
PTA |
Spot |
East China |
5935 |
5940 |
-5 |
Self-withdrawing tax, yuan / ton |
|
Product |
Specifications |
Market |
2024.2.23 |
2024.2.22 |
Rise and fall |
Remarks |
|
Glycol |
Polyester grade |
East China |
4670 |
4645 |
+25 |
Self-withdrawing tax, yuan / ton |
|
Polyester grade |
South China |
4700 |
4700 |
0 |
Short delivery including tax, yuan / ton |
|
|
Product |
Specifications |
Market |
2024.2.23 |
2024.2.22 |
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 |
2024.2.23 |
2024.2.22 |
Rise and fall |
Remarks |
|
Polyester bottle chip |
Aquarius level (IV.=0.8) |
East China |
7100 |
7100 |
0 |
Factory includes tax, yuan / ton |
|
Oil bottle grade |
7100 |
7100 |
0 |
Factory includes tax, yuan / ton |
||
|
Hot pot grade |
7100 |
7100 |
0 |
Factory includes tax, yuan / ton |
||
|
Carbonic acid grade |
7200 |
7200 |
0 |
Factory includes tax, yuan / ton |
||
|
Aquarius level (IV.=0.8) |
South China |
7100 |
7100 |
0 |
Factory includes tax, yuan / ton |
|
|
Oil bottle grade |
7100 |
7100 |
0 |
Factory includes tax, yuan / ton |
||
|
Hot pot grade |
7100 |
7100 |
0 |
Factory includes tax, yuan / ton |
||
|
Carbonic acid grade |
7200 |
7200 |
0 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2024.2.23 |
2024.2.22 |
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 |
2024.2.23 |
2024.2.22 |
Rise and fall |
Remarks |
|
Polyester staple yarn |
Semi-glossy white 1.56: 38 |
Jiangsu Province |
7325 |
7300 |
+25 |
Factory includes tax, yuan / ton |
|
Semi-glossy white 1.56: 38 |
Zhejiang |
7375 |
7375 |
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 5935 yuan / ton. This week and next week, the main port and warehouse receipt delivery 05 discount 10-20 near the transaction and negotiation. The rise of the international crude oil market supports the market mentality, and the range of PTA futures market fluctuates. Spot spreads remain stable, 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 strengthen. The international crude oil market rose, boosting the market mentality, and the focus of negotiations in the ethylene glycol market continued to rise slightly. The quotation in East China revolved around 4670 yuan / ton, up 25 yuan / ton from the previous working day. The quotation in South China is around 4700 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, the short-term ethylene glycol market is expected to maintain a volatile trend.
Polyester chip
Today, the polyester chip market maintains finishing. The polyester raw material market maintains the finishing, the cost end support is stable, the polyester chip market offer maintains the stability, the market negotiation center of gravity adjusts slightly. The downstream demand is weak 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's polyester bottle chip market is arranged in a narrow range. Polyester raw materials market finishing, the cost end to the market support, bottle chip manufacturers offer stable, market offer a small adjustment; 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. Cost-end finishing to support the market, the mainstream polyester manufacturers offer stability, the focus of market transactions 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 market of polyester staple fiber is adjusted in a narrow range. The high cost of polyester supports the market, and the mainstream quotation in the staple fiber market is adjusted slightly. Downstream rigid demand-based buying, market 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: February 23rd PTA main 2405 contract opening price: 5964, lowest price: 5904, highest price: 5988, closing price: 5922, settlement price: 5948, down 26, position: 990518.
Ethylene glycol: February 23rd EG main contract 2405 opening price: 4684, lowest price: 4634, highest price: 4720, closing price: 4654, settlement price: 4683, up 16, position: 411271.
V. production and marketing data of polyester market
|
Product |
2024.2.23 |
2024.2.22 |
Rise and fall |
Unit |
|
Polyester chip |
30% |
40% |
-10% |
% |
|
Polyester filament |
35% |
35% |
0% |
% |
|
Polyester staple fiber |
50% |
30% |
+20% |
% |
VI. Future forecast
The high fluctuation of the international crude oil market promotes the formation of the market, the supply and demand side of the polyester raw material PTA and ethylene glycol market is promoted, it is expected that the short-term market will be adjusted narrowly, the polyester raw material end will be supported, the polyester market offer will be mainly adjusted slightly with the cost, the downstream demand is slowly recovering, and the market production and sales are general. 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.