Polyester industry chain: High costs support narrow consolidation of the polyester market
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March 4, 2024, 4:28 PM I. the market trend chart of polyester industry chain
The market price index of ethylene glycol was 4602.10, down 2.37 from the previous working day.
On March 4th, China's PTA market price index was 5920, up 25% from the previous working day.
On March 4th, 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 7100, up 25% from the previous working day.
II. Summary of market price of polyester industry chain
|
Product |
Specifications |
Market |
2024.3.4 |
2024.3.1 |
Rise and fall |
Remarks |
|
PTA |
Spot |
East China |
5920 |
5895 |
+25 |
Self-withdrawing tax, yuan / ton |
|
Product |
Specifications |
Market |
2024.3.4 |
2024.3.1 |
Rise and fall |
Remarks |
|
Glycol |
Polyester grade |
East China |
4580 |
4585 |
-5 |
Self-withdrawing tax, yuan / ton |
|
Polyester grade |
South China |
4630 |
4630 |
0 |
Short delivery including tax, yuan / ton |
|
|
Product |
Specifications |
Market |
2024.3.4 |
2024.3.1 |
Rise and fall |
Remarks |
|
Polyester chip |
Semi-light section |
East China |
6925 |
6925 |
0 |
Factory includes tax, yuan / ton |
|
Light slicing |
6950 |
6950 |
0 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2024.3.4 |
2024.3.1 |
Rise and fall |
Remarks |
|
Polyester bottle chip |
Aquarius level (IV.=0.8) |
East China |
7100 |
7075 |
+25 |
Factory includes tax, yuan / ton |
|
Oil bottle grade |
7100 |
7075 |
+25 |
Factory includes tax, yuan / ton |
||
|
Hot pot grade |
7100 |
7075 |
+25 |
Factory includes tax, yuan / ton |
||
|
Carbonic acid grade |
7200 |
7175 |
+25 |
Factory includes tax, yuan / ton |
||
|
Aquarius level (IV.=0.8) |
South China |
7100 |
7075 |
+25 |
Factory includes tax, yuan / ton |
|
|
Oil bottle grade |
7100 |
7075 |
+25 |
Factory includes tax, yuan / ton |
||
|
Hot pot grade |
7100 |
7075 |
+25 |
Factory includes tax, yuan / ton |
||
|
Carbonic acid grade |
7200 |
7175 |
+25 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2024.3.4 |
2024.3.1 |
Rise and fall |
Remarks |
|
Polyester filament |
Jiangsu and Zhejiang market POY150D/48F |
East China |
7900 |
7925 |
-25 |
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 |
9075 |
0 |
Factory includes tax, yuan / ton |
||
|
Jiangsu and Zhejiang market POY75D/72F |
8050 |
8050 |
0 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2024.3.4 |
2024.3.1 |
Rise and fall |
Remarks |
|
Polyester staple yarn |
Semi-glossy white 1.56: 38 |
Jiangsu Province |
7350 |
7325 |
+25 |
Factory includes tax, yuan / ton |
|
Semi-glossy white 1.56: 38 |
Zhejiang |
7400 |
7375 |
+25 |
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 5920 yuan / ton. This week and next week, the main port and warehouse receipt delivery 05 discount 15-20 near the transaction and negotiation. The high level of the international crude oil market supports the market mentality, and the PTA futures market adjusts slightly. 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 maintained. The international crude oil market is high, supporting the market mentality, and the focus of ethylene glycol market negotiations has been adjusted slightly. The quotation in East China revolves around 4580 yuan / ton, down 5 yuan / ton compared with the previous working day. The quotation in South China is around 4630 yuan / ton. Ethylene glycol port inventory continues to reduce, downstream polyester load gradually rebounded, supply and demand to form a support to 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. Wait and see carefully downstream to maintain a rigid demand for stock. It is expected that the polyester chip market will maintain the finishing operation in the short term.
Polyester bottle chip
Today, the market trend of polyester bottle chips is strong. The polyester raw material market remains high, the cost end forms the support to the market, the mainstream bottle chip manufacturer's offer increases 50 yuan / ton, the market offer increases slightly; the downstream is cautious to wait and see, the market trading atmosphere is light. It is expected that the short-term lactone bottle market may maintain finishing.
Polyester filament
Today's polyester filament market deadlock finishing. Cost end to market support in general, polyester manufacturers shipping mentality, local negotiation space to expand, part of the market transaction center of gravity weakens slightly. Downstream rigid demand for inventory increased, enterprise production and sales rebounded. It is expected that the market price of filament will tend to be sorted out in the short term.
Polyester staple fiber
Polyester staple fiber market rose narrowly today. The high cost of polyester adjusts the market, and some quotations in the staple fiber market rise slightly. Downstream rigid demand stock, 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:3 4 PTA main force 2405 contract opening price: 5932, lowest price: 5894, highest price: 5978, closing price: 5910, settlement price: 5936, up 2, position: 966805.
Ethylene glycol: March 4th EG main contract 2405 opening price: 4625, lowest price: 4557, highest price: 4632, closing price: 4574, settlement price: 4585, down 25, position: 403712.
V. production and marketing data of polyester market
|
Product |
2024.3.4 |
2024.3.1 |
Rise and fall |
Unit |
|
Polyester chip |
45% |
50% |
-5% |
% |
|
Polyester filament |
80% |
50% |
+30% |
% |
|
Polyester staple fiber |
40% |
20% |
+20% |
% |
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 slightly adjusted with the cost, downstream rigid demand stock, market production and sales are different. 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.