Polyester industry chain: The rise in raw materials boosts the rebound in production and sales in the polyester market
81,218 
April 1, 2024, 4:10 PM I. the market trend chart of polyester industry chain
On April 1st, the market price index of ethylene glycol was 4516.98, up 15.05 from the previous working day.
On April 1st, China's PTA market price index was 6000, up 95% from the previous working day.
On April 1st, the market price index of polyester chips was 6875, up 25% from the previous working day; the market price index of polyester bottle chips was 7125, up 25% from the previous working day.
II. Summary of market price of polyester industry chain
|
Product |
Specifications |
Market |
2024.4.1 |
2024.3.29 |
Rise and fall |
Remarks |
|
PTA |
Spot |
East China |
6000 |
5905 |
+95 |
Self-withdrawing tax, yuan / ton |
|
Product |
Specifications |
Market |
2024.4.1 |
2024.3.29 |
Rise and fall |
Remarks |
|
Glycol |
Polyester grade |
East China |
4495 |
4470 |
+25 |
Self-withdrawing tax, yuan / ton |
|
Polyester grade |
South China |
4520 |
4500 |
+20 |
Short delivery including tax, yuan / ton |
|
|
Product |
Specifications |
Market |
2024.4.1 |
2024.3.29 |
Rise and fall |
Remarks |
|
Polyester chip |
Semi-light section |
East China |
6875 |
6850 |
+25 |
Factory includes tax, yuan / ton |
|
Light slicing |
6900 |
6875 |
+25 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2024.4.1 |
2024.3.29 |
Rise and fall |
Remarks |
|
Polyester bottle chip |
Aquarius level (IV.=0.8) |
East China |
7125 |
7100 |
+25 |
Factory includes tax, yuan / ton |
|
Oil bottle grade |
7125 |
7100 |
+25 |
Factory includes tax, yuan / ton |
||
|
Hot pot grade |
7125 |
7100 |
+25 |
Factory includes tax, yuan / ton |
||
|
Carbonic acid grade |
7225 |
7200 |
+25 |
Factory includes tax, yuan / ton |
||
|
Aquarius level (IV.=0.8) |
South China |
7125 |
7100 |
+25 |
Factory includes tax, yuan / ton |
|
|
Oil bottle grade |
7125 |
7100 |
+25 |
Factory includes tax, yuan / ton |
||
|
Hot pot grade |
7125 |
7100 |
+25 |
Factory includes tax, yuan / ton |
||
|
Carbonic acid grade |
7225 |
7200 |
+25 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2024.4.1 |
2024.3.29 |
Rise and fall |
Remarks |
|
Polyester filament |
Jiangsu and Zhejiang market POY150D/48F |
East China |
7600 |
7600 |
0 |
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 |
7850 |
0 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2024.4.1 |
2024.3.29 |
Rise and fall |
Remarks |
|
Polyester staple yarn |
Semi-glossy white 1.56: 38 |
Jiangsu Province |
7425 |
7400 |
+25 |
Factory includes tax, yuan / ton |
|
Semi-glossy white 1.56: 38 |
Zhejiang |
7450 |
7425 |
+25 |
Factory includes tax, yuan / ton |
III. Brief introduction of Polyester Industry chain Market
PTA
Today, East China PTA spot market shock is strong, negotiate reference 6000 yuan / ton near. This week and next week, the main port and warehouse receipt delivery 05 discount 15 near the transaction and negotiation. The macro positive gave a boost to the market, and the PTA futures market rose. Spot basis is strong, the recent increase in PTA equipment maintenance, market supply tightened to support market prices. Traders and polyester factories are cautious, and the market has a rigid demand for buying. It is expected that the short-term market will maintain a narrow adjustment.
Glycol
Today, the market price of ethylene glycol is strong. Macro positive promotion, spot basis is strong, the focus of ethylene glycol market negotiations rose slightly, East China quotation around 4495 yuan / ton, up 25 yuan / ton compared with the previous working day. The quotation in South China is around 4520 yuan / ton. The reduction of ethylene glycol port inventory, coupled with the recent increase in centralized maintenance equipment, market supply is expected to reduce, downstream polyester load remains high, 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 rises, the cost end strengthens to the market support, the polyester chip market offer whole, the market negotiation center of gravity increases slightly. Downstream rigid demand stock, some production and marketing is better. 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 narrow and strong. Polyester raw material market is strong, the cost end to promote the market, the mainstream bottle chip manufacturers offer up 50 yuan / ton, the focus of market negotiations 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 mainstream polyester manufacturers is stable, some small adjustments, and the focus of market transactions fluctuates slightly. Downstream rigid demand stock, part of the 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
Polyester staple fiber market rose narrowly today. The strong cost of polyester promotes the market, and the quotation of staple fiber market increases slightly. The number of buyers in the lower reaches has increased, and the market production and marketing are better. It is expected that the short-term market price of polyester staple fiber will be maintained.
IV. Polyester Raw material Futures Market
PTA:4 1 PTA main force 2405 contract opening price: 5952, lowest price: 5924, highest price: 6028, closing price: 6008, settlement price: 5984, up 70%, position: 802269.
Ethylene glycol: April 1st EG main contract 2405 opening price: 4452, lowest price: 4443, highest price: 4510, closing price: 4500, settlement price: 4490, up 25, position: 322991.
V. production and marketing data of polyester market
|
Product |
2024.4.1 |
2024.3.29 |
Rise and fall |
Unit |
|
Polyester chip |
120% |
50% |
+70% |
% |
|
Polyester filament |
45% |
40% |
+5% |
% |
|
Polyester staple fiber |
90% |
40% |
+50% |
% |
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 pick up. 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.