Polyester industry chain: High raw materials are strong and polyester market is strong in a narrow range
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March 19, 2024, 4:41 PM I. the market trend chart of polyester industry chain
On March 19th, the ethylene glycol market price index was 4528.95, up 1.23 from the previous working day.
On March 19th, China's PTA market price index was 5925, up 30% from the previous working day.
On March 19th, the market price index of polyester chips was 6900, up 25% from 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 |
2024.3.19 |
2024.3.18 |
Rise and fall |
Remarks |
|
PTA |
Spot |
East China |
5925 |
5895 |
+30 |
Self-withdrawing tax, yuan / ton |
|
Product |
Specifications |
Market |
2024.3.19 |
2024.3.18 |
Rise and fall |
Remarks |
|
Glycol |
Polyester grade |
East China |
4500 |
4480 |
+20 |
Self-withdrawing tax, yuan / ton |
|
Polyester grade |
South China |
4580 |
4550 |
+30 |
Short delivery including tax, yuan / ton |
|
|
Product |
Specifications |
Market |
2024.3.19 |
2024.3.18 |
Rise and fall |
Remarks |
|
Polyester chip |
Semi-light section |
East China |
6900 |
6875 |
+25 |
Factory includes tax, yuan / ton |
|
Light slicing |
6900 |
6900 |
0 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2024.3.19 |
2024.3.18 |
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 |
2024.3.19 |
2024.3.18 |
Rise and fall |
Remarks |
|
Polyester filament |
Jiangsu and Zhejiang market POY150D/48F |
East China |
7700 |
7700 |
0 |
Factory includes tax, yuan / ton |
|
Jiangsu and Zhejiang market FDY150D/96F |
8225 |
8250 |
-25 |
Factory includes tax, yuan / ton |
||
|
Jiangsu and Zhejiang market DTY150D/48F |
9050 |
9025 |
+25 |
Factory includes tax, yuan / ton |
||
|
Jiangsu and Zhejiang market POY75D/72F |
8000 |
8000 |
0 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2024.3.19 |
2024.3.18 |
Rise and fall |
Remarks |
|
Polyester staple yarn |
Semi-glossy white 1.56: 38 |
Jiangsu Province |
7400 |
7375 |
+25 |
Factory includes tax, yuan / ton |
|
Semi-glossy white 1.56: 38 |
Zhejiang |
7425 |
7400 |
+25 |
Factory includes tax, yuan / ton |
III. Brief introduction of Polyester Industry chain Market
PTA
Today, the spot market of PTA in East China is on the strong side, and we will consult around 5925 yuan / ton for negotiation. This week and next week, the main port and warehouse receipt delivery 05 discount 35-40 near the transaction and negotiation. The international crude oil market is strong, supporting the market mentality, and the PTA futures market is strong in shock. 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 narrow and strong. The rise in the international crude oil market has promoted the market, and the focus of negotiations in the ethylene glycol market has risen slightly. The quotation in East China revolves around 4500 yuan / ton, up 20 yuan / ton from the previous working day. The quotation in South China is around 4580 yuan / ton. Ethylene glycol centralized maintenance equipment increased, market supply is expected to decrease, downstream polyester load rose to a high level, supply and demand to support 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 becomes stronger, the cost end promotes the market, the low-end offer of the polyester chip market converges, and the focus of market negotiation increases slightly. Downstream rigid demand for stock, some 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 of polyester bottle chips is strong. Polyester raw material market is strong, the cost end to promote the formation of the market, the mainstream bottle chip manufacturers offer up 50 yuan / ton, the market mainstream offer slightly higher; 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 fluctuates in a narrow range. The high cost end supports the market, the mainstream offers of polyester enterprises are stable, some quotations are adjusted narrowly, and the center of gravity of market transactions fluctuates slightly. The downstream demand is weak, and the market production and marketing is light. It is expected that the market price of filament will tend to be sorted out in the short term.
Polyester staple fiber
Today, the market of polyester staple fiber is pulled up by a narrow range. The strong cost of polyester promotes the market, and the quotation of staple fiber market pulls up 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 March 19 PTA main 2405 contract opening price: 5938, lowest price: 5930, highest price: 5980, closing price: 5960, settlement price: 5960, up 36, position: 991961.
Ethylene glycol: March 19th EG main contract 2405 opening price: 4518, lowest price: 4506, highest price: 4545, closing price: 4534, settlement price: 4526, up 2, position: 366135.
V. production and marketing data of polyester market
|
Product |
2024.3.19 |
2024.3.18 |
Rise and fall |
Unit |
|
Polyester chip |
90% |
40% |
+50% |
% |
|
Polyester filament |
40% |
35% |
+5% |
% |
|
Polyester staple fiber |
40% |
35% |
+5% |
% |
VI. Future forecast
The high position of the international crude oil market is strong, which 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 high 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 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.