Polyester industry chain: Raw materials remain strong and polyester market follows up cautiously
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April 2, 2024, 4:23 PM I. the market trend chart of polyester industry chain
On April 2nd, the market price index of ethylene glycol was 4519.35, up 2.37 from the previous working day.
On April 2nd, China's PTA market price index was 6035, up 35% from the previous working day.
On April 2, the market price index of polyester chips was 6925, up 50% from the previous working day; the market price index of polyester bottle chips was 7125, unchanged from the previous working day.
II. Summary of market price of polyester industry chain
|
Product |
Specifications |
Market |
2024.4.2 |
2024.4.1 |
Rise and fall |
Remarks |
|
PTA |
Spot |
East China |
6035 |
6000 |
+35 |
Self-withdrawing tax, yuan / ton |
|
Product |
Specifications |
Market |
2024.4.2 |
2024.4.1 |
Rise and fall |
Remarks |
|
Glycol |
Polyester grade |
East China |
4500 |
4495 |
+5 |
Self-withdrawing tax, yuan / ton |
|
Polyester grade |
South China |
4520 |
4520 |
0 |
Short delivery including tax, yuan / ton |
|
|
Product |
Specifications |
Market |
2024.4.2 |
2024.4.1 |
Rise and fall |
Remarks |
|
Polyester chip |
Semi-light section |
East China |
6925 |
6875 |
+50 |
Factory includes tax, yuan / ton |
|
Light slicing |
6925 |
6900 |
+25 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2024.4.2 |
2024.4.1 |
Rise and fall |
Remarks |
|
Polyester bottle chip |
Aquarius level (IV.=0.8) |
East China |
7125 |
7125 |
0 |
Factory includes tax, yuan / ton |
|
Oil bottle grade |
7125 |
7125 |
0 |
Factory includes tax, yuan / ton |
||
|
Hot pot grade |
7125 |
7125 |
0 |
Factory includes tax, yuan / ton |
||
|
Carbonic acid grade |
7225 |
7225 |
0 |
Factory includes tax, yuan / ton |
||
|
Aquarius level (IV.=0.8) |
South China |
7125 |
7125 |
0 |
Factory includes tax, yuan / ton |
|
|
Oil bottle grade |
7125 |
7125 |
0 |
Factory includes tax, yuan / ton |
||
|
Hot pot grade |
7125 |
7125 |
0 |
Factory includes tax, yuan / ton |
||
|
Carbonic acid grade |
7225 |
7225 |
0 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2024.4.2 |
2024.4.1 |
Rise and fall |
Remarks |
|
Polyester filament |
Jiangsu and Zhejiang market POY150D/48F |
East China |
7650 |
7600 |
+50 |
Factory includes tax, yuan / ton |
|
Jiangsu and Zhejiang market FDY150D/96F |
8150 |
8125 |
+25 |
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 |
2024.4.2 |
2024.4.1 |
Rise and fall |
Remarks |
|
Polyester staple yarn |
Semi-glossy white 1.56: 38 |
Jiangsu Province |
7450 |
7425 |
+25 |
Factory includes tax, yuan / ton |
|
Semi-glossy white 1.56: 38 |
Zhejiang |
7475 |
7450 |
+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 6035 yuan / ton near. This week and next week, the main port and warehouse receipt delivery 05 discount 12-15 near the transaction and negotiation. The rise of the international crude oil market and the improvement of the commodity market atmosphere boosted the market, and the PTA futures market rose. Spot basis is stable, 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 in a narrow range. The cost end forms the support to the market, the spot basis is stable, the center of gravity of the ethylene glycol market negotiations is adjusted slightly, and the quotation in East China revolves around 4500 yuan / ton, up 5 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 for stock, market production and sales decline. 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 promotes the market, the mainstream bottle chip manufacturers offer is stable, the market negotiation center of gravity adjusts slightly; the downstream is cautious and 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 strength of the polymer raw material market promoted the formation of the market, the offer of some manufacturers of polyester was raised, and the center of gravity of the market increased slightly. Downstream demand is relatively weak, the market production and marketing is general. 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. Downstream cautious wait-and-see, market production and marketing weakening. It is expected that the short-term market price of polyester staple fiber will be maintained.
IV. Polyester Raw material Futures Market
PTA:4 2 PTA main force 2405 contract opening price: 6016, lowest price: 5988, highest price: 6052, closing price: 6038, settlement price: 6024, up 54, position: 818114.
Ethylene glycol: April 2 EG main contract 2405 opening price: 4500, lowest price: 4475, highest price: 4525, closing price: 4480, settlement price: 4503, down 10%, position: 317078.
V. production and marketing data of polyester market
|
Product |
2024.4.2 |
2024.4.1 |
Rise and fall |
Unit |
|
Polyester chip |
55% |
120% |
-65% |
% |
|
Polyester filament |
40% |
45% |
-5% |
% |
|
Polyester staple fiber |
40% |
90% |
-50% |
% |
VI. Future forecast
The international crude oil market remains high and 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 cautious follow-up, market production and sales decline. 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.