Polyester industry chain: High raw material end boosts deadlock in the polyester market
76,950 
February 27, 2024, 4:23 PM I. the market trend chart of polyester industry chain
On February 27th, the market price index of ethylene glycol was 4652.83, up 2.37 from the previous working day.
On February 27th, China's PTA market price index was 5895, up 20% from the previous working day.
On February 27th, the market price index of polyester chips was 6950, which was the same as that of the previous working day. The market price index of polyester bottle chips was 7050, which was the same as that of the previous working day.
II. Summary of market price of polyester industry chain
|
Product |
Specifications |
Market |
2024.2.27 |
2024.2.26 |
Rise and fall |
Remarks |
|
PTA |
Spot |
East China |
5895 |
5875 |
+20 |
Self-withdrawing tax, yuan / ton |
|
Product |
Specifications |
Market |
2024.2.27 |
2024.2.26 |
Rise and fall |
Remarks |
|
Glycol |
Polyester grade |
East China |
4645 |
4640 |
+5 |
Self-withdrawing tax, yuan / ton |
|
Polyester grade |
South China |
4680 |
4680 |
0 |
Short delivery including tax, yuan / ton |
|
|
Product |
Specifications |
Market |
2024.2.27 |
2024.2.26 |
Rise and fall |
Remarks |
|
Polyester chip |
Semi-light section |
East China |
6950 |
6950 |
0 |
Factory includes tax, yuan / ton |
|
Light slicing |
6950 |
6950 |
0 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2024.2.27 |
2024.2.26 |
Rise and fall |
Remarks |
|
Polyester bottle chip |
Aquarius level (IV.=0.8) |
East China |
7050 |
7050 |
0 |
Factory includes tax, yuan / ton |
|
Oil bottle grade |
7050 |
7050 |
0 |
Factory includes tax, yuan / ton |
||
|
Hot pot grade |
7050 |
7050 |
0 |
Factory includes tax, yuan / ton |
||
|
Carbonic acid grade |
7150 |
7150 |
0 |
Factory includes tax, yuan / ton |
||
|
Aquarius level (IV.=0.8) |
South China |
7050 |
7050 |
0 |
Factory includes tax, yuan / ton |
|
|
Oil bottle grade |
7050 |
7050 |
0 |
Factory includes tax, yuan / ton |
||
|
Hot pot grade |
7050 |
7050 |
0 |
Factory includes tax, yuan / ton |
||
|
Carbonic acid grade |
7150 |
7150 |
0 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2024.2.27 |
2024.2.26 |
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 |
9075 |
9050 |
+25 |
Factory includes tax, yuan / ton |
||
|
Jiangsu and Zhejiang market POY75D/72F |
8050 |
8050 |
0 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2024.2.27 |
2024.2.26 |
Rise and fall |
Remarks |
|
Polyester staple yarn |
Semi-glossy white 1.56: 38 |
Jiangsu Province |
7350 |
7275 |
+75 |
Factory includes tax, yuan / ton |
|
Semi-glossy white 1.56: 38 |
Zhejiang |
7375 |
7325 |
+50 |
Factory includes tax, yuan / ton |
III. Brief introduction of Polyester Industry chain Market
PTA
Today, the spot market of PTA in East China is narrow and strong, so we can negotiate around 5895 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 rose, boosting the market mentality, and the PTA futures market rose slightly in the afternoon. 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 is in a narrow range. The international crude oil market rose, supporting the market mentality, and the focus of negotiations in the ethylene glycol market fluctuated slightly. The quotation in East China revolved around 4645 yuan / ton, up 5 yuan / ton from 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 maintains finishing. Polyester raw material market arrangement, cost end support is stable, polyester chip market offer is stable, market negotiation center of gravity is adjusted slightly. 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
Today, the market for polyester bottle chips fluctuates 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, polyester filament market maintains finishing. The high cost end supports the market, the offers of mainstream polyester manufacturers are stable, some quotations are raised, and the center of gravity of the market fluctuates slightly. Downstream rigid demand stock, part of the production and marketing is OK. 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 for polyester staple fiber is narrow and strong. The high cost of polyester boosted the market, the basis was strong, and the mainstream quotation in the staple fiber market rose slightly. Downstream rigid demand for stock, market production and sales have rebounded. It is expected that the short-term market price of polyester staple fiber will be maintained.
IV. Polyester Raw material Futures Market
PTA: February 27th PTA main 2405 contract opening price: 5870, lowest price: 5858, highest price: 5956, closing price: 5944, settlement price: 5910, up 54, position: 959907.
Ethylene glycol: February 27th EG main contract 2405 opening price: 4643, lowest price: 4628, highest price: 4671, closing price: 4663, settlement price: 4647, up 9, position: 403500.
V. production and marketing data of polyester market
|
Product |
2024.2.27 |
2024.2.26 |
Rise and fall |
Unit |
|
Polyester chip |
20% |
20% |
0% |
% |
|
Polyester filament |
50% |
35% |
+15% |
% |
|
Polyester staple fiber |
50% |
30% |
+20% |
% |
VI. Future forecast
The international crude oil market maintains a high level, 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 be slightly adjusted with the cost, downstream rigid demand for stock, market production and sales rebounded slightly. 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.