Polyester industry chain: Strong costs drive the polyester market up across the board
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March 15, 2024, 3:57 PM I. the market trend chart of polyester industry chain
On March 15th, the market price index of ethylene glycol was 4595.85, up 26.12 from the previous working day.
China's PTA market price index was 5905 on March 15, up 75% from the previous working day.
On March 15, the market price index of polyester chips was 6875, up 50% from the previous working day; and the market price index of polyester bottle chips was 7100, up 50% from the previous working day.
II. Summary of market price of polyester industry chain
|
Product |
Specifications |
Market |
2024.3.15 |
2024.3.14 |
Rise and fall |
Remarks |
|
PTA |
Spot |
East China |
5905 |
5830 |
+75 |
Self-withdrawing tax, yuan / ton |
|
Product |
Specifications |
Market |
2024.3.15 |
2024.3.14 |
Rise and fall |
Remarks |
|
Glycol |
Polyester grade |
East China |
4590 |
4545 |
+45 |
Self-withdrawing tax, yuan / ton |
|
Polyester grade |
South China |
4650 |
4620 |
+30 |
Short delivery including tax, yuan / ton |
|
|
Product |
Specifications |
Market |
2024.3.15 |
2024.3.14 |
Rise and fall |
Remarks |
|
Polyester chip |
Semi-light section |
East China |
6875 |
6825 |
+50 |
Factory includes tax, yuan / ton |
|
Light slicing |
6900 |
6850 |
+50 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2024.3.15 |
2024.3.14 |
Rise and fall |
Remarks |
|
Polyester bottle chip |
Aquarius level (IV.=0.8) |
East China |
7100 |
7050 |
+50 |
Factory includes tax, yuan / ton |
|
Oil bottle grade |
7100 |
7050 |
+50 |
Factory includes tax, yuan / ton |
||
|
Hot pot grade |
7100 |
7050 |
+50 |
Factory includes tax, yuan / ton |
||
|
Carbonic acid grade |
7200 |
7150 |
+50 |
Factory includes tax, yuan / ton |
||
|
Aquarius level (IV.=0.8) |
South China |
7100 |
7050 |
+50 |
Factory includes tax, yuan / ton |
|
|
Oil bottle grade |
7100 |
7050 |
+50 |
Factory includes tax, yuan / ton |
||
|
Hot pot grade |
7100 |
7050 |
+50 |
Factory includes tax, yuan / ton |
||
|
Carbonic acid grade |
7200 |
7150 |
+50 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2024.3.15 |
2024.3.14 |
Rise and fall |
Remarks |
|
Polyester filament |
Jiangsu and Zhejiang market POY150D/48F |
East China |
7725 |
7725 |
0 |
Factory includes tax, yuan / ton |
|
Jiangsu and Zhejiang market FDY150D/96F |
8300 |
8300 |
0 |
Factory includes tax, yuan / ton |
||
|
Jiangsu and Zhejiang market DTY150D/48F |
9025 |
9025 |
0 |
Factory includes tax, yuan / ton |
||
|
Jiangsu and Zhejiang market POY75D/72F |
8000 |
8000 |
0 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2024.3.15 |
2024.3.14 |
Rise and fall |
Remarks |
|
Polyester staple yarn |
Semi-glossy white 1.56: 38 |
Jiangsu Province |
7400 |
7325 |
+75 |
Factory includes tax, yuan / ton |
|
Semi-glossy white 1.56: 38 |
Zhejiang |
7450 |
7375 |
+75 |
Factory includes tax, yuan / ton |
III. Brief introduction of Polyester Industry chain Market
PTA
Today, the spot market of PTA in East China continues to rise, with a reference of 5905 yuan / ton. This week and next week, the main port and warehouse receipt delivery 05 discount 33-35 near the transaction and negotiation. The international crude oil market rose, boosting the market mentality, and the PTA futures market fluctuated higher. 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 strong. The rise in the international crude oil market has supported the market mentality, and the focus of negotiations in the ethylene glycol market has risen slightly. The quotation in East China revolves around 4590 yuan / ton, up 45 yuan / ton from the previous working day. The quotation in South China is around 4650 yuan / ton. The later maintenance equipment of ethylene glycol increased, the market supply was expected to decrease, the downstream polyester load remained stable, 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 narrow and strong. The polyester raw material market rises, the cost end forms the impetus to the market, the polyester chip market offer rises, the market negotiation center of gravity rises slightly. Downstream demand weakens, enterprise production and marketing in general. It is expected that the polyester chip market will maintain the finishing operation in the short term.
Polyester bottle chip
Today, the market of polyester bottle chips is strong. The polyester raw material market rises, the cost end to the market support strengthens, the mainstream bottle chip manufacturer's offer increases 100-150 yuan / ton, the market mainstream offer pulls up; the downstream is cautious and 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 narrow finishing. The rising cost side supports the market, the mainstream offers of polyester enterprises are stable, some quotations are raised narrowly or concessions are narrowed, the low-end market negotiations are reduced, and the focus of market transactions is adjusted narrowly. Downstream demand is weak, market production and sales decline. 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 higher cost of polyester promotes the formation of the market, and the price of staple fiber market increases slightly. Downstream demand follow-up is general, enterprise production and marketing is light. It is expected that the short-term market price of polyester staple fiber will be maintained.
IV. Polyester Raw material Futures Market
PTA:3 15 PTA main 2405 contract opening price: 5928, lowest price: 5912, highest price: 5956, closing price: 5940, settlement price: 5936, up 86, position: 983115.
Ethylene glycol: March 15 EG main contract 2405 opening price: 4593, lowest price: 4580, highest price: 4644, closing price: 4624, settlement price: 4619, up 45, position: 370283.
V. production and marketing data of polyester market
|
Product |
2024.3.15 |
2024.3.14 |
Rise and fall |
Unit |
|
Polyester chip |
60% |
180% |
-120% |
% |
|
Polyester filament |
50% |
80% |
-30% |
% |
|
Polyester staple fiber |
40% |
70% |
-30% |
% |
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 high-level adjustment, polyester raw material end support, polyester market offer will be mainly adjusted slightly with the cost, downstream demand is weak, market production and sales turn weak. 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.