Polyester industry chain: Production and sales in the cost-end pressed polyester market are weakening
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September 25, 2023, 4:06 PM I. the market trend chart of polyester industry chain
On September 25th, the market price index of ethylene glycol was 4166.50, down 22.8% from the previous working day.
China's PTA market price index was 6245 on Sept. 25, down 20% from the previous working day.
On September 25th, the market price index of polyester chips was 7150, which was the same as that of the previous working day. The market price index of polyester bottle chips was 7175, which was the same as that of the previous working day.
II. Summary of market price of polyester industry chain
|
Product |
Specifications |
Market |
2023.9.25 |
2023.9.22 |
Rise and fall |
Remarks |
|
PTA |
Spot |
East China |
6245 |
6265 |
-20 |
Self-withdrawing tax, yuan / ton |
|
Product |
Specifications |
Market |
2023.9.25 |
2023.9.22 |
Rise and fall |
Remarks |
|
Glycol |
Polyester grade |
East China |
4130 |
4180 |
-50 |
Self-withdrawing tax, yuan / ton |
|
Polyester grade |
South China |
4250 |
4270 |
-20 |
Short delivery including tax, yuan / ton |
|
|
Product |
Specifications |
Market |
2023.9.25 |
2023.9.22 |
Rise and fall |
Remarks |
|
Polyester chip |
Semi-light section |
East China |
7250 |
7250 |
0 |
Factory includes tax, yuan / ton |
|
Light slicing |
7150 |
7150 |
0 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2023.9.25 |
2023.9.22 |
Rise and fall |
Remarks |
|
Polyester bottle chip |
Aquarius level (IV.=0.8) |
East China |
7175 |
7175 |
0 |
Factory includes tax, yuan / ton |
|
Oil bottle grade |
7175 |
7175 |
0 |
Factory includes tax, yuan / ton |
||
|
Hot pot grade |
7175 |
7175 |
0 |
Factory includes tax, yuan / ton |
||
|
Carbonic acid grade |
7275 |
7275 |
0 |
Factory includes tax, yuan / ton |
||
|
Aquarius level (IV.=0.8) |
South China |
7175 |
7175 |
0 |
Factory includes tax, yuan / ton |
|
|
Oil bottle grade |
7175 |
7175 |
0 |
Factory includes tax, yuan / ton |
||
|
Hot pot grade |
7175 |
7175 |
0 |
Factory includes tax, yuan / ton |
||
|
Carbonic acid grade |
7275 |
7275 |
0 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2023.9.25 |
2023.9.22 |
Rise and fall |
Remarks |
|
Polyester filament |
Jiangsu and Zhejiang market POY150D/48F |
East China |
8050 |
8075 |
-25 |
Factory includes tax, yuan / ton |
|
Jiangsu and Zhejiang market FDY150D/96F |
8725 |
8725 |
0 |
Factory includes tax, yuan / ton |
||
|
Jiangsu and Zhejiang market DTY150D/48F |
9400 |
9400 |
0 |
Factory includes tax, yuan / ton |
||
|
Jiangsu and Zhejiang market POY75D/72F |
8350 |
8350 |
0 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2023.9.25 |
2023.9.22 |
Rise and fall |
Remarks |
|
Polyester staple yarn |
Semi-glossy white 1.56: 38 |
Jiangsu Province |
7700 |
7750 |
-50 |
Factory includes tax, yuan / ton |
|
Semi-glossy white 1.56: 38 |
Zhejiang |
7725 |
7800 |
-75 |
Factory includes tax, yuan / ton |
III. Brief introduction of Polyester Industry chain Market
PTA
Today, the spot market of PTA in East China is weakening in a narrow range, with a reference of 6245 yuan / ton. This week and next week, the main port delivery 01 litres of water 20: 30 near the deal and negotiations. The international crude oil market fell, the commodity market atmosphere was weak, the PTA futures market continued to weaken, the spot basis maintained, suppliers shipped normally, the downstream buying mood was still cautious, and the actual trading volume was limited. Short-term market volatility is expected to remain high.
Glycol
Today, the market price of ethylene glycol is narrow and weak. The fall in international crude oil prices has depressed the market atmosphere, and the focus of negotiations in the ethylene glycol market has weakened slightly. The quotation in East China revolves around 4130 yuan / ton, down 50 yuan / ton from the previous working day. The quotation in South China is around 4250 yuan / ton. The international crude oil fluctuates at a high level, the cost drives the market, and the port inventory is still high, but the downstream polyester load decreases, the purchasing mentality is cautious, and the supply and demand side of the market is weak. It is expected that the ethylene glycol market will be adjusted at a high level in the short term.
Polyester chip
Today, the polyester chip market maintains finishing. Polyester raw material PTA market is weak, cost support is general, polyester chip factory continues to ship at a high price, and the market center of gravity is currently stable. The market transaction atmosphere is not good, the enterprise production and sales drop. It is expected that the polyester chip market will run in a narrow range in the short term.
Polyester bottle chip
Today's polyester bottle chip market is arranged in a narrow range. Polyester raw material PTA market is weak, cost support is general, mainstream bottle chip manufacturers offer stable, market offer a small adjustment; downstream cautious wait-and-see, market trading downturn. It is expected that the short-term lactone bottle market may maintain finishing.
Polyester filament
Today, the market of polyester filament is weak. Cost support weakened, polyester filament factory quotation is stable, a few slightly adjusted, local negotiations focus on a narrow range down. Downstream rigid demand replenishment, the market production and marketing levels are different. It is expected that the market price of filament will be arranged in a narrow range in the short term.
Polyester staple fiber
Today, the polyester staple market is weak and adjusted. Cost-end support weakened, staple fiber market quotation fell within a narrow range. Before the holiday and some foreign trade orders replenishment, most enterprises have good production and sales. It is expected that the short-term market price of polyester staple fiber will be adjusted slightly.
IV. Polyester Raw material Futures Market
PTA: September 25th PTA main 2401 contract opening price: 6248, lowest price: 6162, highest price: 6296, closing price: 6218, settlement price: 6226, down 30, position: 1481391.
Ethylene glycol: September 25th EG main contract 2401 opening price: 4328, lowest price: 4235, highest price: 4336, closing price: 4236, settlement price: 4284, down 80, position: 403469.
V. production and marketing data of polyester market
|
Product |
2023.9.25 |
2023.9.22 |
Rise and fall |
Unit |
|
Polyester chip |
55% |
70% |
-15% |
% |
|
Polyester filament |
50% |
90% |
-40% |
% |
|
Polyester staple fiber |
65% |
60% |
+5% |
% |
VI. Future forecast
The high fluctuation of the international crude oil market promotes the formation of the market, the supply and demand end of polyester raw material PTA and ethylene glycol market is weak, and the market confidence is insufficient. It is expected that the short-term market will maintain high volatility, polyester raw material end will promote, polyester market offer will be adjusted with cost, downstream buying will be cautious, market production and marketing 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.