Polyester industry chain: The raw material market fell and the polyester market trend weakened
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February 26, 2024, 4:32 PM I. the market trend chart of polyester industry chain
On February 26th, the market price index of ethylene glycol was 4650.46, down 17.41 from the previous working day.
China's PTA market price index was 5875 on Feb. 26, down 60 percent from the previous working day.
On February 26th, the market price index of polyester chips was 6950, down 50% 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 |
2024.2.26 |
2024.2.23 |
Rise and fall |
Remarks |
|
PTA |
Spot |
East China |
5875 |
5935 |
-60 |
Self-withdrawing tax, yuan / ton |
|
Product |
Specifications |
Market |
2024.2.26 |
2024.2.23 |
Rise and fall |
Remarks |
|
Glycol |
Polyester grade |
East China |
4640 |
4670 |
-30 |
Self-withdrawing tax, yuan / ton |
|
Polyester grade |
South China |
4680 |
4700 |
-20 |
Short delivery including tax, yuan / ton |
|
|
Product |
Specifications |
Market |
2024.2.26 |
2024.2.23 |
Rise and fall |
Remarks |
|
Polyester chip |
Semi-light section |
East China |
6950 |
7000 |
-50 |
Factory includes tax, yuan / ton |
|
Light slicing |
6950 |
7000 |
-50 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2024.2.26 |
2024.2.23 |
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 |
2024.2.26 |
2024.2.23 |
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 |
2024.2.26 |
2024.2.23 |
Rise and fall |
Remarks |
|
Polyester staple yarn |
Semi-glossy white 1.56: 38 |
Jiangsu Province |
7275 |
7325 |
-50 |
Factory includes tax, yuan / ton |
|
Semi-glossy white 1.56: 38 |
Zhejiang |
7325 |
7375 |
-50 |
Factory includes tax, yuan / ton |
III. Brief introduction of Polyester Industry chain Market
PTA
Today, the East China PTA spot market has a narrow callback, with a reference of 5875 yuan / ton. This week and next week, the main port and warehouse receipt delivery 05 discount 10-20 near the transaction and negotiation. The international crude oil market fell, suppressing the market mentality, and the PTA futures market fluctuated down. 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 weakens within a narrow range. The international crude oil market fell, suppressing the market mentality, and the focus of negotiations in the ethylene glycol market fell slightly. The quotation in East China revolved around 4640 yuan / ton, down 30 yuan / ton compared with the previous working day. The quotation in South China is around 4680 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 is weak. Polyester raw material market fell, cost-end support weakened, polyester chip market offer down, market negotiation center of gravity slightly lower. Downstream carefully wait and see, 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
The market for polyester bottle chips fell narrowly today. Polyester raw material market fell, the cost end of the market formation pressure, bottle chip manufacturers offer down 50 yuan / ton, market offer slightly pullback; 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 weak cost end is insufficient to support the market, the offer of mainstream polyester manufacturers is stable, and the center of gravity of the market fluctuates 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 is narrowly weak. The decline in polyester costs suppressed the market, and the mainstream quotation in the staple fiber market declined slightly. The downstream recovery is slow, and the 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 26th PTA main 2405 contract opening price: 5916, lowest price: 5858, highest price: 5932, closing price: 5866, settlement price: 5890, down 82, position: 955379.
Ethylene glycol: February 26th EG main contract 2405 opening price: 4645, lowest price: 4626, highest price: 4685, closing price: 4643, settlement price: 4654, down 40, position: 399297.
V. production and marketing data of polyester market
|
Product |
2024.2.26 |
2024.2.23 |
Rise and fall |
Unit |
|
Polyester chip |
20% |
30% |
-10% |
% |
|
Polyester filament |
35% |
35% |
0% |
% |
|
Polyester staple fiber |
30% |
50% |
-20% |
% |
VI. Future forecast
The international crude oil market remains volatile, promoting 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 is still weak, 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.