Polyester industry chain: Strong costs boost the recovery of production and sales in the polyester market
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October 20, 2023, 5:01 PM I. the market trend chart of polyester industry chain
On October 20th, the market price index of ethylene glycol was 4029.42, up 7.16 from the previous working day.
China's PTA market price index was 5825 on Oct. 20, up 15 percent from the previous working day.
On October 20th, the market price of polyester chips was 6850, which was the same as that of the previous working day. The market price index of polyester bottle chips was 6925, up 50% from the previous working day.
II. Summary of market price of polyester industry chain
|
Product |
Specifications |
Market |
2023.10.20 |
2023.10.19 |
Rise and fall |
Remarks |
|
PTA |
Spot |
East China |
5825 |
5810 |
+15 |
Self-withdrawing tax, yuan / ton |
|
Product |
Specifications |
Market |
2023.10.20 |
2023.10.19 |
Rise and fall |
Remarks |
|
Glycol |
Polyester grade |
East China |
4000 |
3980 |
+20 |
Self-withdrawing tax, yuan / ton |
|
Polyester grade |
South China |
4100 |
4090 |
+10 |
Short delivery including tax, yuan / ton |
|
|
Product |
Specifications |
Market |
2023.10.20 |
2023.10.19 |
Rise and fall |
Remarks |
|
Polyester chip |
Semi-light section |
East China |
6850 |
6850 |
0 |
Factory includes tax, yuan / ton |
|
Light slicing |
6925 |
6925 |
0 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2023.10.20 |
2023.10.19 |
Rise and fall |
Remarks |
|
Polyester bottle chip |
Aquarius level (IV.=0.8) |
East China |
6925 |
6875 |
+50 |
Factory includes tax, yuan / ton |
|
Oil bottle grade |
6925 |
6875 |
+50 |
Factory includes tax, yuan / ton |
||
|
Hot pot grade |
6925 |
6875 |
+50 |
Factory includes tax, yuan / ton |
||
|
Carbonic acid grade |
7025 |
6975 |
+50 |
Factory includes tax, yuan / ton |
||
|
Aquarius level (IV.=0.8) |
South China |
6925 |
6875 |
+50 |
Factory includes tax, yuan / ton |
|
|
Oil bottle grade |
6925 |
6875 |
+50 |
Factory includes tax, yuan / ton |
||
|
Hot pot grade |
6925 |
6875 |
+50 |
Factory includes tax, yuan / ton |
||
|
Carbonic acid grade |
7025 |
6975 |
+50 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2023.10.20 |
2023.10.19 |
Rise and fall |
Remarks |
|
Polyester filament |
Jiangsu and Zhejiang market POY150D/48F |
East China |
7650 |
7650 |
0 |
Factory includes tax, yuan / ton |
|
Jiangsu and Zhejiang market FDY150D/96F |
8250 |
8250 |
0 |
Factory includes tax, yuan / ton |
||
|
Jiangsu and Zhejiang market DTY150D/48F |
8950 |
8950 |
0 |
Factory includes tax, yuan / ton |
||
|
Jiangsu and Zhejiang market POY75D/72F |
7900 |
7900 |
0 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2023.10.20 |
2023.10.19 |
Rise and fall |
Remarks |
|
Polyester staple yarn |
Semi-glossy white 1.56: 38 |
Jiangsu Province |
7410 |
7410 |
0 |
Factory includes tax, yuan / ton |
|
Semi-glossy white 1.56: 38 |
Zhejiang |
7475 |
7475 |
0 |
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 5825 yuan / ton for negotiation. This week and next week, the main port delivery 01 liters of water 30-35 near the deal and negotiations. International crude oil market high support, PTA futures market slightly stronger. Spot basis remained stable, traders and polyester factories rigid demand replenishment, market trading cautious. It is expected that the short-term market will maintain a narrow adjustment.
Glycol
Today, the market price of ethylene glycol is narrow and strong. The rise in the international crude oil market has boosted the market mentality, and the focus of negotiations in the ethylene glycol market has increased slightly. The quotation in East China revolves around 4000 yuan / ton, up 20 yuan / ton from the previous working day. The quotation in South China is around 4100 yuan / ton. East China port high inventory continues, downstream polyester load remains high, and procurement mentality is cautious. Lack of continuous drive in the market, it is expected that the ethylene glycol market will adjust narrowly in the short term.
Polyester chip
Today, the polyester chip market maintains finishing. Polyester raw material PTA market is strong, the cost end support is stable, the chip factory offer is temporarily stable, the market transaction center of gravity is narrow adjustment. The market buys more gas, and the supply of goods at low prices 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 PTA market is strong, driven by high cost, bottle chip manufacturers offer a small increase of 50-100 yuan / ton, market offer slightly increased; downstream demand is weak, the market trading atmosphere is general. It is expected that the short-term lactone bottle market may maintain finishing.
Polyester filament
Today's polyester filament market deadlock finishing. Polyester raw materials PTA market is strong finishing, cost support is stable, mainstream polyester manufacturers wait and see, individual varieties of quotation down. Downstream buying followed up and slowed down, and the market production and sales were light. It is expected that the market price of filament will be arranged in a narrow range in the short term.
Polyester staple fiber
Today's polyester staple market stalemate finishing. Polyester raw materials market finishing, cost end support, staple fiber market price small adjustment. Downstream rigid demand stock, local production and marketing is better. It is expected that the short-term market price of polyester staple fiber will be adjusted slightly.
IV. Polyester Raw material Futures Market
PTA: October 20 PTA main 2401 contract opening price: 5766, lowest price: 5726, highest price: 5846, closing price: 5772, settlement price: 5794, down 4, position: 1447446.
Ethylene glycol: October 20 EG main contract 2401 opening price: 4085, lowest price: 4064, highest price: 4120, closing price: 4076, settlement price: 4098, up 10%, position: 522903.
V. production and marketing data of polyester market
|
Product |
2023.10.20 |
2023.10.19 |
Rise and fall |
Unit |
|
Polyester chip |
110% |
30% |
+80% |
% |
|
Polyester filament |
40% |
35% |
+5% |
% |
|
Polyester staple fiber |
70% |
30% |
+40% |
% |
VI. Future forecast
International crude oil market high support, polyester raw material PTA and ethylene glycol market supply and demand end is weak, it is expected that the short-term market will be narrow adjustment, polyester raw material end to promote, polyester market offer will be adjusted with cost, downstream rigid demand stock, market production and sales in general. 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.