Polyester industry chain: Falling raw materials suppress the polyester market trend and weaken
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March 5, 2024, 4:40 PM I. the market trend chart of polyester industry chain
The market price index of ethylene glycol was 4568.87, down 33.23 from the previous working day.
China's PTA market price index was 5825 on March 5, down 95% from the previous working day.
On March 5, the market price index of polyester chips was 6900, down 25% from the previous working day. The market price index of polyester bottle chips was 7030, down 70% from the previous working day.
II. Summary of market price of polyester industry chain
|
Product |
Specifications |
Market |
2024.3.5 |
2024.3.4 |
Rise and fall |
Remarks |
|
PTA |
Spot |
East China |
5825 |
5920 |
-95 |
Self-withdrawing tax, yuan / ton |
|
Product |
Specifications |
Market |
2024.3.5 |
2024.3.4 |
Rise and fall |
Remarks |
|
Glycol |
Polyester grade |
East China |
4520 |
4580 |
-60 |
Self-withdrawing tax, yuan / ton |
|
Polyester grade |
South China |
4600 |
4630 |
-30 |
Short delivery including tax, yuan / ton |
|
|
Product |
Specifications |
Market |
2024.3.5 |
2024.3.4 |
Rise and fall |
Remarks |
|
Polyester chip |
Semi-light section |
East China |
6900 |
6925 |
-25 |
Factory includes tax, yuan / ton |
|
Light slicing |
6925 |
6950 |
-25 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2024.3.5 |
2024.3.4 |
Rise and fall |
Remarks |
|
Polyester bottle chip |
Aquarius level (IV.=0.8) |
East China |
7030 |
7100 |
-70 |
Factory includes tax, yuan / ton |
|
Oil bottle grade |
7030 |
7100 |
-70 |
Factory includes tax, yuan / ton |
||
|
Hot pot grade |
7030 |
7100 |
-70 |
Factory includes tax, yuan / ton |
||
|
Carbonic acid grade |
7130 |
7200 |
-70 |
Factory includes tax, yuan / ton |
||
|
Aquarius level (IV.=0.8) |
South China |
7030 |
7100 |
-70 |
Factory includes tax, yuan / ton |
|
|
Oil bottle grade |
7030 |
7100 |
-70 |
Factory includes tax, yuan / ton |
||
|
Hot pot grade |
7030 |
7100 |
-70 |
Factory includes tax, yuan / ton |
||
|
Carbonic acid grade |
7130 |
7200 |
-70 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2024.3.5 |
2024.3.4 |
Rise and fall |
Remarks |
|
Polyester filament |
Jiangsu and Zhejiang market POY150D/48F |
East China |
7900 |
7900 |
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 |
9075 |
0 |
Factory includes tax, yuan / ton |
||
|
Jiangsu and Zhejiang market POY75D/72F |
8050 |
8050 |
0 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2024.3.5 |
2024.3.4 |
Rise and fall |
Remarks |
|
Polyester staple yarn |
Semi-glossy white 1.56: 38 |
Jiangsu Province |
7275 |
7350 |
-75 |
Factory includes tax, yuan / ton |
|
Semi-glossy white 1.56: 38 |
Zhejiang |
7350 |
7400 |
-50 |
Factory includes tax, yuan / ton |
III. Brief introduction of Polyester Industry chain Market
PTA
Today, the spot market of PTA in East China has fallen back and sorted out, with a reference of 5825 yuan / ton. This week and next week, the main port and warehouse receipt delivery 05 discount 20-25 near the transaction and negotiation. International crude oil market fell, suppressing market mentality, PTA futures market declined. The spot basis is weak, 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 weak. The international crude oil market fell, the market mentality was negative, and the focus of negotiations in the ethylene glycol market decreased slightly. The quotation in East China revolved around 4520 yuan / ton, down 60 yuan / ton compared with the previous working day. The quotation in South China is around 4600 yuan / ton. The inventory of ethylene glycol port decreased, the downstream polyester load gradually picked up, and the supply and demand side supported 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 narrowly weak. Polyester raw material market fell, cost-end pressure, polyester chip market offer tends to be low-end, the focus of market negotiations fell slightly. Downstream cautious wait-and-see, enterprise production and marketing light. 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 is narrowly weak today. Polyester raw material market fell, cost end-to-market support weakened, mainstream bottle chip manufacturers offer down 50-100 yuan / ton, market offer fell slightly; 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 cost end to the market support is insufficient, the polyester manufacturer market offer remains stable, the market transaction center of gravity adjusts slightly. Downstream demand weakens, the market production and marketing is depressed. 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 fell narrowly today. The decline in polyester costs suppressed the market, and the price of staple fiber market fell slightly. Downstream demand is relatively weak, the market production and marketing is 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 May 5 PTA main force 2405 contract opening price: 5910, lowest price: 5802, highest price: 5910, closing price: 5812, settlement price: 5850, down 124, position: 1048717.
Ethylene glycol: March 5th EG main contract 2405 opening price: 4576, lowest price: 4531, highest price: 4576, closing price: 4538, settlement price: 4553, down 47, position: 405582.
V. production and marketing data of polyester market
|
Product |
2024.3.5 |
2024.3.4 |
Rise and fall |
Unit |
|
Polyester chip |
30% |
45% |
-15% |
% |
|
Polyester filament |
40% |
80% |
-40% |
% |
|
Polyester staple fiber |
30% |
40% |
-10% |
% |
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, and 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 weak, and the market production and marketing is 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.