Polyester industry chain: High costs support the recovery of production and sales in the polyester market
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March 22, 2024, 4:12 PM I. the market trend chart of polyester industry chain
On March 22, the market price index of ethylene glycol was 4502.76, down 2.37 from the previous working day.
On March 22nd, China's PTA market price index was 5790, down 15% from the previous working day.
On March 22nd, the market price index of polyester chips was 6825, which was the same as that of the previous working day, while that of polyester bottle chips was 7025, which was the same as that of the previous working day.
II. Summary of market price of polyester industry chain
|
Product |
Specifications |
Market |
2024.3.22 |
2024.3.21 |
Rise and fall |
Remarks |
|
PTA |
Spot |
East China |
5790 |
5805 |
-15 |
Self-withdrawing tax, yuan / ton |
|
Product |
Specifications |
Market |
2024.3.22 |
2024.3.21 |
Rise and fall |
Remarks |
|
Glycol |
Polyester grade |
East China |
4465 |
4470 |
-5 |
Self-withdrawing tax, yuan / ton |
|
Polyester grade |
South China |
4520 |
4520 |
0 |
Short delivery including tax, yuan / ton |
|
|
Product |
Specifications |
Market |
2024.3.22 |
2024.3.21 |
Rise and fall |
Remarks |
|
Polyester chip |
Semi-light section |
East China |
6825 |
6825 |
0 |
Factory includes tax, yuan / ton |
|
Light slicing |
6850 |
6850 |
0 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2024.3.22 |
2024.3.21 |
Rise and fall |
Remarks |
|
Polyester bottle chip |
Aquarius level (IV.=0.8) |
East China |
7025 |
7025 |
0 |
Factory includes tax, yuan / ton |
|
Oil bottle grade |
7025 |
7025 |
0 |
Factory includes tax, yuan / ton |
||
|
Hot pot grade |
7025 |
7025 |
0 |
Factory includes tax, yuan / ton |
||
|
Carbonic acid grade |
7125 |
7125 |
0 |
Factory includes tax, yuan / ton |
||
|
Aquarius level (IV.=0.8) |
South China |
7025 |
7025 |
0 |
Factory includes tax, yuan / ton |
|
|
Oil bottle grade |
7025 |
7025 |
0 |
Factory includes tax, yuan / ton |
||
|
Hot pot grade |
7025 |
7025 |
0 |
Factory includes tax, yuan / ton |
||
|
Carbonic acid grade |
7125 |
7125 |
0 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2024.3.22 |
2024.3.21 |
Rise and fall |
Remarks |
|
Polyester filament |
Jiangsu and Zhejiang market POY150D/48F |
East China |
7525 |
7650 |
-125 |
Factory includes tax, yuan / ton |
|
Jiangsu and Zhejiang market FDY150D/96F |
8075 |
8200 |
-125 |
Factory includes tax, yuan / ton |
||
|
Jiangsu and Zhejiang market DTY150D/48F |
8975 |
9050 |
-75 |
Factory includes tax, yuan / ton |
||
|
Jiangsu and Zhejiang market POY75D/72F |
7800 |
7900 |
-100 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2024.3.22 |
2024.3.21 |
Rise and fall |
Remarks |
|
Polyester staple yarn |
Semi-glossy white 1.56: 38 |
Jiangsu Province |
7275 |
7300 |
-25 |
Factory includes tax, yuan / ton |
|
Semi-glossy white 1.56: 38 |
Zhejiang |
7325 |
7350 |
-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 weak, and we will consult around 5790 yuan / ton. This week and next week, the main port and warehouse receipt delivery 05 discount 40-45 near the transaction and negotiation. The international crude oil market fell, the commodity market atmosphere was weak, and the trend of PTA futures market was weak. 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 is in a narrow range. The high level of the international crude oil market supports the market. The focus of negotiations in the ethylene glycol market fluctuates slightly. The quotation in East China revolves around 4465 yuan / ton, down 5 yuan / ton compared with the previous working day. The quotation in South China is around 4520 yuan / ton. The centralized maintenance equipment of ethylene glycol increases, the market supply is expected to decrease, the downstream polyester load remains high, and the supply and demand end forms a support to 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 arrangement, cost end-to-market support is stable, polyester chip market offer is stable, market negotiation focus is adjusted slightly. Downstream rigid demand buying, market 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 maintained and arranged. The polyester raw material market is high, the cost end forms the support to the market, some bottle chip manufacturers' offer increases 50 yuan / ton, the market mainstream offer fluctuates slightly; downstream carefully 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, the market of polyester filament falls back and finishes. Gather raw material market finishing to support the market in general, polyester enterprises shipping mentality, part of the offer down, the market transaction center of gravity fell slightly. Downstream demand follow-up is general, local production and marketing is OK. 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 is narrowly weak. Polyester cost weakness on the market support in general, staple fiber market quotation fell slightly. Downstream rigid demand for stock, enterprise production and sales rebounded slightly. It is expected that the short-term market price of polyester staple fiber will be maintained.
IV. Polyester Raw material Futures Market
PTA:3 22 PTA main 2405 contract opening price: 5806, lowest price: 5806, highest price: 5856, closing price: 5846, settlement price: 5834, down 2, position: 900552.
Ethylene glycol: March 22nd EG main contract 2405 opening price: 4493, lowest price: 4470, highest price: 4517, closing price: 4490, settlement price: 4494, down 11, position: 356063.
V. production and marketing data of polyester market
|
Product |
2024.3.22 |
2024.3.21 |
Rise and fall |
Unit |
|
Polyester chip |
60% |
30% |
+30% |
% |
|
Polyester filament |
50% |
40% |
+10% |
% |
|
Polyester staple fiber |
40% |
30% |
+10% |
% |
VI. Future forecast
The international crude oil market maintains a high level, promoting 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 rigid demand follow up, local production and sales improve. 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.