Polyester industry chain: Insufficient cost support, polyester market trend is weakening
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March 18, 2024, 4:37 PM I. the market trend chart of polyester industry chain
On March 18, the market price index of ethylene glycol was 4527.72, down 68.13 from the previous working day.
On March 18, China's PTA market price index was 5895, down 10% from the previous working day.
On March 18, the market price index of polyester chips was 6875, unchanged from the previous working day, while the market price index of polyester bottle chips was 7075, down 25 from the previous working day.
II. Summary of market price of polyester industry chain
|
Product |
Specifications |
Market |
2024.3.18 |
2024.3.15 |
Rise and fall |
Remarks |
|
PTA |
Spot |
East China |
5895 |
5905 |
-10 |
Self-withdrawing tax, yuan / ton |
|
Product |
Specifications |
Market |
2024.3.18 |
2024.3.15 |
Rise and fall |
Remarks |
|
Glycol |
Polyester grade |
East China |
4480 |
4590 |
-110 |
Self-withdrawing tax, yuan / ton |
|
Polyester grade |
South China |
4550 |
4650 |
-100 |
Short delivery including tax, yuan / ton |
|
|
Product |
Specifications |
Market |
2024.3.18 |
2024.3.15 |
Rise and fall |
Remarks |
|
Polyester chip |
Semi-light section |
East China |
6875 |
6875 |
0 |
Factory includes tax, yuan / ton |
|
Light slicing |
6900 |
6900 |
0 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2024.3.18 |
2024.3.15 |
Rise and fall |
Remarks |
|
Polyester bottle chip |
Aquarius level (IV.=0.8) |
East China |
7075 |
7100 |
-25 |
Factory includes tax, yuan / ton |
|
Oil bottle grade |
7075 |
7100 |
-25 |
Factory includes tax, yuan / ton |
||
|
Hot pot grade |
7075 |
7100 |
-25 |
Factory includes tax, yuan / ton |
||
|
Carbonic acid grade |
7175 |
7200 |
-25 |
Factory includes tax, yuan / ton |
||
|
Aquarius level (IV.=0.8) |
South China |
7075 |
7100 |
-25 |
Factory includes tax, yuan / ton |
|
|
Oil bottle grade |
7075 |
7100 |
-25 |
Factory includes tax, yuan / ton |
||
|
Hot pot grade |
7075 |
7100 |
-25 |
Factory includes tax, yuan / ton |
||
|
Carbonic acid grade |
7175 |
7200 |
-25 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2024.3.18 |
2024.3.15 |
Rise and fall |
Remarks |
|
Polyester filament |
Jiangsu and Zhejiang market POY150D/48F |
East China |
7700 |
7725 |
-25 |
Factory includes tax, yuan / ton |
|
Jiangsu and Zhejiang market FDY150D/96F |
8250 |
8300 |
-50 |
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 |
2024.3.18 |
2024.3.15 |
Rise and fall |
Remarks |
|
Polyester staple yarn |
Semi-glossy white 1.56: 38 |
Jiangsu Province |
7375 |
7400 |
-25 |
Factory includes tax, yuan / ton |
|
Semi-glossy white 1.56: 38 |
Zhejiang |
7400 |
7450 |
-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 maintained and sorted out, and it is discussed for reference near 5895 yuan / ton. This week and next week, the main port and warehouse receipt delivery 05 discount 33-38 near the transaction and negotiation. The international crude oil market fell, the market mentality tended to be cautious, and the PTA futures market remained volatile. Spot base difference is 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 has dropped. The decline in the international crude oil market has suppressed the market mentality, and the focus of negotiations in the ethylene glycol market has fallen. The price quoted in East China revolves around 4480 yuan / ton, down 110 yuan / ton compared with the previous working day. The quotation in South China is around 4550 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's polyester chip market is narrowly arranged. The polyester raw material market is weak, the cost end to the market support is insufficient, the polyester chip market offer is stable, the market negotiation center of gravity adjusts slightly. The downstream demand is weak, and the production and marketing of enterprises are light. 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 is weak. Polyester raw material market is weak, the cost end to the market support is insufficient, the mainstream bottle chip manufacturers offer down 50 yuan / ton, the market mainstream offer tends to the low end; downstream cautious wait-and-see, market trading atmosphere is light. It is expected that the short-term lactone bottle market may maintain finishing.
Polyester filament
Today, the polyester filament market is narrowly weak. The cost-side callback suppressed the market, the mainstream offer of polyester enterprises was stable, some quotations were adjusted in a narrow range, and the center of gravity of the market transaction was 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
Today, the polyester staple market fell in a narrow range. The weakening cost of polyester suppresses the formation of the market, and the price of staple fiber market pulls back slightly. The downstream demand follow-up is insufficient, the enterprise 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 18 PTA main 2405 contract opening price: 5938, lowest price: 5892, highest price: 5946, closing price: 5938, settlement price: 5924, up 2, position: 962237.
Ethylene glycol: March 18 EG main contract 2405 opening price: 4620, lowest price: 4483, highest price: 4625, closing price: 4512, settlement price: 4532, down 107, position: 380485.
V. production and marketing data of polyester market
|
Product |
2024.3.18 |
2024.3.15 |
Rise and fall |
Unit |
|
Polyester chip |
40% |
60% |
-20% |
% |
|
Polyester filament |
35% |
50% |
-15% |
% |
|
Polyester staple fiber |
35% |
40% |
-5% |
% |
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 mainly adjust slightly with the cost, downstream demand is weak, market production and marketing is depressed. 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.