Polyester industry chain: Raw materials remain high. Polyester market is deadlocked
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March 29, 2024, 4:32 PM I. the market trend chart of polyester industry chain
On March 29, the market price index of ethylene glycol was 4501.93, down 7.11 from the previous working day.
On March 29th, China's PTA market price index was 5905, up 10% from the previous working day.
On March 29th, the market price index of polyester chips was 6850, unchanged from the previous working day, while 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 |
2024.3.29 |
2024.3.25 |
Rise and fall |
Remarks |
|
PTA |
Spot |
East China |
5905 |
5895 |
+10 |
Self-withdrawing tax, yuan / ton |
|
Product |
Specifications |
Market |
2024.3.29 |
2024.3.25 |
Rise and fall |
Remarks |
|
Glycol |
Polyester grade |
East China |
4470 |
4485 |
-15 |
Self-withdrawing tax, yuan / ton |
|
Polyester grade |
South China |
4500 |
4500 |
0 |
Short delivery including tax, yuan / ton |
|
|
Product |
Specifications |
Market |
2024.3.29 |
2024.3.25 |
Rise and fall |
Remarks |
|
Polyester chip |
Semi-light section |
East China |
6850 |
6850 |
0 |
Factory includes tax, yuan / ton |
|
Light slicing |
6875 |
6875 |
0 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2024.3.29 |
2024.3.25 |
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 |
2024.3.29 |
2024.3.25 |
Rise and fall |
Remarks |
|
Polyester filament |
Jiangsu and Zhejiang market POY150D/48F |
East China |
7600 |
7550 |
+50 |
Factory includes tax, yuan / ton |
|
Jiangsu and Zhejiang market FDY150D/96F |
8125 |
8125 |
0 |
Factory includes tax, yuan / ton |
||
|
Jiangsu and Zhejiang market DTY150D/48F |
9000 |
9000 |
0 |
Factory includes tax, yuan / ton |
||
|
Jiangsu and Zhejiang market POY75D/72F |
7850 |
7800 |
+50 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2024.3.29 |
2024.3.25 |
Rise and fall |
Remarks |
|
Polyester staple yarn |
Semi-glossy white 1.56: 38 |
Jiangsu Province |
7400 |
7400 |
0 |
Factory includes tax, yuan / ton |
|
Semi-glossy white 1.56: 38 |
Zhejiang |
7425 |
7425 |
0 |
Factory includes tax, yuan / ton |
III. Brief introduction of Polyester Industry chain Market
PTA
Today, East China PTA spot market is arranged in a narrow range, with a reference of 5905 yuan / ton. This week and next week, the main port and warehouse receipt delivery 05 discount 25-35 near the transaction and negotiation. The international crude oil market rose, the cost supported the market, and the PTA futures market fluctuated slightly. 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 weak. The high level of the international crude oil market supports the market, the market buying gas is not good, and the focus of negotiations in the ethylene glycol market fluctuates slightly. The quotation in East China revolves around 4470 yuan / ton, down 15 yuan / ton compared with the previous working day. The quotation in South China is around 4500 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 high, 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 demand weakens, market production and marketing is relatively weak. It is expected that the polyester chip market will maintain the finishing operation in the short term.
Polyester bottle chip
Today's polyester bottle chip market is arranged in a narrow range. The polyester raw material market is high, the cost end forms the support to the market, the mainstream bottle chip manufacturer's offer is stable, the market low-end offer is reduced, the market center of gravity rises slightly; 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, the market of polyester filament is strong. The high level of the polymer raw material market supports the market, the offer of some polyester manufacturers has been raised, the low-end offer of the market has decreased, and the center of gravity of the market has slightly increased. 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's polyester staple market narrow finishing. The high cost of polyester supports the market, and the quotation of staple fiber market is adjusted slightly. Downstream rigid demand stock, market production and marketing in 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 month 29 PTA main 2405 contract opening price: 5956, lowest price: 5908, highest price: 5962, closing price: 5928, settlement price: 5938, up 2, position: 776948.
Ethylene glycol: March 29th EG main contract 2405 opening price: 4510, lowest price: 4455, highest price: 4510, closing price: 4460, settlement price: 4475, down 22, position: 345366.
V. production and marketing data of polyester market
|
Product |
2024.3.29 |
2024.3.28 |
Rise and fall |
Unit |
|
Polyester chip |
50% |
150% |
-100% |
% |
|
Polyester filament |
40% |
30% |
+10% |
% |
|
Polyester staple fiber |
40% |
40% |
0% |
% |
VI. Future forecast
The international crude oil market remains strong, 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.