Polyester industry chain: The raw material market is strengthening. The polyester market is cautiously following up
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March 25, 2024, 4:33 PM I. the market trend chart of polyester industry chain
On March 25, the market price index of ethylene glycol was 4507.50, up 4.74 from the previous working day.
China's PTA market price index was 5840 on March 25, up 50% from the previous working day.
On March 25, the market price index of polyester chips was 6825, unchanged from the previous working day, while the market price index of polyester bottle chips was 7075, up 50% from the previous working day.
II. Summary of market price of polyester industry chain
|
Product |
Specifications |
Market |
2024.3.25 |
2024.3.22 |
Rise and fall |
Remarks |
|
PTA |
Spot |
East China |
5840 |
5790 |
+50 |
Self-withdrawing tax, yuan / ton |
|
Product |
Specifications |
Market |
2024.3.25 |
2024.3.22 |
Rise and fall |
Remarks |
|
Glycol |
Polyester grade |
East China |
4475 |
4465 |
+10 |
Self-withdrawing tax, yuan / ton |
|
Polyester grade |
South China |
4520 |
4520 |
0 |
Short delivery including tax, yuan / ton |
|
|
Product |
Specifications |
Market |
2024.3.25 |
2024.3.22 |
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 |
2024.3.25 |
2024.3.22 |
Rise and fall |
Remarks |
|
Polyester bottle chip |
Aquarius level (IV.=0.8) |
East China |
7075 |
7025 |
+50 |
Factory includes tax, yuan / ton |
|
Oil bottle grade |
7075 |
7025 |
+50 |
Factory includes tax, yuan / ton |
||
|
Hot pot grade |
7025 |
7025 |
+50 |
Factory includes tax, yuan / ton |
||
|
Carbonic acid grade |
7175 |
7125 |
+50 |
Factory includes tax, yuan / ton |
||
|
Aquarius level (IV.=0.8) |
South China |
7075 |
7025 |
+50 |
Factory includes tax, yuan / ton |
|
|
Oil bottle grade |
7075 |
7025 |
+50 |
Factory includes tax, yuan / ton |
||
|
Hot pot grade |
7025 |
7025 |
+50 |
Factory includes tax, yuan / ton |
||
|
Carbonic acid grade |
7175 |
7125 |
+50 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2024.3.25 |
2024.3.22 |
Rise and fall |
Remarks |
|
Polyester filament |
Jiangsu and Zhejiang market POY150D/48F |
East China |
7525 |
7525 |
0 |
Factory includes tax, yuan / ton |
|
Jiangsu and Zhejiang market FDY150D/96F |
8075 |
8075 |
0 |
Factory includes tax, yuan / ton |
||
|
Jiangsu and Zhejiang market DTY150D/48F |
8975 |
8975 |
0 |
Factory includes tax, yuan / ton |
||
|
Jiangsu and Zhejiang market POY75D/72F |
7800 |
7800 |
0 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2024.3.25 |
2024.3.22 |
Rise and fall |
Remarks |
|
Polyester staple yarn |
Semi-glossy white 1.56: 38 |
Jiangsu Province |
7325 |
7275 |
+50 |
Factory includes tax, yuan / ton |
|
Semi-glossy white 1.56: 38 |
Zhejiang |
7350 |
7325 |
+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 5840 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 high, the commodity market atmosphere is strong, and the PTA futures market is slightly higher. Spot basis is strong, 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, and the focus of negotiations in the ethylene glycol market fluctuates slightly. The quotation in East China revolves around 4475 yuan / ton, up 10 yuan / ton from 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. The polyester raw material market is strong, the cost end-to-market support is stable, the polyester chip market offer is stable, and the focus of market negotiation 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 strong. Polyester raw material market is strong, the cost end to promote the market, some bottle chip manufacturers offer up 50 yuan / ton, the market mainstream offer rose slightly; 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 deadlock finishing. The high level of the polymer raw material market supports the market, the offer of polyester enterprises is stable, and the focus of market transaction remains stable. Downstream demand is weak, market production and marketing is weak. 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 for polyester staple fiber is narrow and strong. Polyester costs strengthened to strengthen the market support, staple fiber market quotation rose 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 25 PTA main 2405 contract opening price: 5854, lowest price: 5834, highest price: 5910, closing price: 5856, settlement price: 5872, up 22, position: 850046.
Ethylene glycol: March 25th EG main contract 2405 opening price: 4503, lowest price: 4476, highest price: 4530, closing price: 4503, settlement price: 4501, up 9, position: 345612.
V. production and marketing data of polyester market
|
Product |
2024.3.25 |
2024.3.22 |
Rise and fall |
Unit |
|
Polyester chip |
70% |
60% |
+10% |
% |
|
Polyester filament |
35% |
50% |
-15% |
% |
|
Polyester staple fiber |
55% |
40% |
+15% |
% |
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, market production and sales 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.