Polyester industry chain: High costs support the maintenance and consolidation of the polyester market
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March 8, 2024, 4:19 PM I. the market trend chart of polyester industry chain
On March 8th, the ethylene glycol market price index was 4586.75, up 7.17 from the previous working day.
China's PTA market price index was 5785 on March 8, down 25% from the previous working day.
On March 8, the market price index of polyester chips was 6875, unchanged from 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 |
2024.3.8 |
2024.3.7 |
Rise and fall |
Remarks |
|
PTA |
Spot |
East China |
5785 |
5810 |
-25 |
Self-withdrawing tax, yuan / ton |
|
Product |
Specifications |
Market |
2024.3.8 |
2024.3.7 |
Rise and fall |
Remarks |
|
Glycol |
Polyester grade |
East China |
4550 |
4545 |
+5 |
Self-withdrawing tax, yuan / ton |
|
Polyester grade |
South China |
4630 |
4630 |
0 |
Short delivery including tax, yuan / ton |
|
|
Product |
Specifications |
Market |
2024.3.8 |
2024.3.7 |
Rise and fall |
Remarks |
|
Polyester chip |
Semi-light section |
East China |
6875 |
6875 |
0 |
Factory includes tax, yuan / ton |
|
Light slicing |
6925 |
6925 |
0 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2024.3.8 |
2024.3.7 |
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 |
2024.3.8 |
2024.3.7 |
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 |
2024.3.8 |
2024.3.7 |
Rise and fall |
Remarks |
|
Polyester staple yarn |
Semi-glossy white 1.56: 38 |
Jiangsu Province |
7275 |
7275 |
0 |
Factory includes tax, yuan / ton |
|
Semi-glossy white 1.56: 38 |
Zhejiang |
7325 |
7325 |
0 |
Factory includes tax, yuan / ton |
III. Brief introduction of Polyester Industry chain Market
PTA
Today, the spot market of East China PTA is in a weak position, and we will consult around 5785 yuan / ton. This week and next week, the main port and warehouse receipt delivery 05 discount 25-40 near the transaction and negotiation. The high position of the international crude oil market supports the market mentality, and the PTA futures market is arranged in a narrow range. 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 maintained. High cost support, ethylene glycol market negotiations focus on a small adjustment, East China quotation around 4550 yuan / ton, up 5 yuan / ton compared to the previous working day. The quotation in South China is around 4630 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's polyester chip market is narrowly arranged. Polyester raw material market finishing, cost end support is general, polyester chip market offer is on the low end, market negotiation center of gravity is adjusted slightly. Downstream rigid demand for inventory increased, enterprise production and sales rebounded. 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 within a narrow range. Polyester raw material market arrangement, the cost end to the market support is insufficient, the mainstream bottle chip manufacturer offer is stable, the market offer fluctuates slightly; downstream cautious 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. The cost end to the market support is general, 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
Today's polyester staple market narrow finishing. Polyester cost is firmly supported by the market, the price of staple fiber market is slightly adjusted, and the supply of goods at the low end of the market has been reduced. Downstream demand has increased, and some production and marketing are OK. It is expected that the short-term market price of polyester staple fiber will be maintained.
IV. Polyester Raw material Futures Market
PTA:3 March 8 PTA main 2405 contract opening price: 5816, lowest price: 5782, highest price: 5832, closing price: 5824, settlement price: 5808, down 14, position: 1100506.
Ethylene glycol: EG main contract 2405 opening price: 4575, lowest price: 4561, highest price: 4606, closing price: 4596, settlement price: 4583, up 21, position: 373337.
V. production and marketing data of polyester market
|
Product |
2024.3.8 |
2024.3.7 |
Rise and fall |
Unit |
|
Polyester chip |
80% |
30% |
+50% |
% |
|
Polyester filament |
35% |
30% |
+5% |
% |
|
Polyester staple fiber |
50% |
30% |
+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 for stock, market production and sales pick up. 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.