Polyester industry chain: Cost pressure on the polyester market to pull back across the board
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October 23, 2023, 4:49 PM I. the market trend chart of polyester industry chain
On October 23, the market price index of ethylene glycol was 4010.86, down 18.56 from the previous working day.
China's PTA market price index was 5725 on Oct. 23, down 100 from the previous working day.
On October 23, the market price of polyester chips was 6775, down 75% from the previous working day. The market price index of polyester bottle chips fell 6825 compared with the previous working day.
II. Summary of market price of polyester industry chain
|
Product |
Specifications |
Market |
2023.10.23 |
2023.10.20 |
Rise and fall |
Remarks |
|
PTA |
Spot |
East China |
5725 |
5825 |
-100 |
Self-withdrawing tax, yuan / ton |
|
Product |
Specifications |
Market |
2023.10.23 |
2023.10.20 |
Rise and fall |
Remarks |
|
Glycol |
Polyester grade |
East China |
3960 |
4000 |
-40 |
Self-withdrawing tax, yuan / ton |
|
Polyester grade |
South China |
4080 |
4100 |
-20 |
Short delivery including tax, yuan / ton |
|
|
Product |
Specifications |
Market |
2023.10.23 |
2023.10.20 |
Rise and fall |
Remarks |
|
Polyester chip |
Semi-light section |
East China |
6775 |
6850 |
-75 |
Factory includes tax, yuan / ton |
|
Light slicing |
6850 |
6925 |
-75 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2023.10.23 |
2023.10.20 |
Rise and fall |
Remarks |
|
Polyester bottle chip |
Aquarius level (IV.=0.8) |
East China |
6825 |
6925 |
-100 |
Factory includes tax, yuan / ton |
|
Oil bottle grade |
6825 |
6925 |
-100 |
Factory includes tax, yuan / ton |
||
|
Hot pot grade |
6825 |
6925 |
-100 |
Factory includes tax, yuan / ton |
||
|
Carbonic acid grade |
6925 |
7025 |
-100 |
Factory includes tax, yuan / ton |
||
|
Aquarius level (IV.=0.8) |
South China |
6825 |
6925 |
-100 |
Factory includes tax, yuan / ton |
|
|
Oil bottle grade |
6825 |
6925 |
-100 |
Factory includes tax, yuan / ton |
||
|
Hot pot grade |
6825 |
6925 |
-100 |
Factory includes tax, yuan / ton |
||
|
Carbonic acid grade |
6925 |
7025 |
-100 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2023.10.23 |
2023.10.20 |
Rise and fall |
Remarks |
|
Polyester filament |
Jiangsu and Zhejiang market POY150D/48F |
East China |
7525 |
7650 |
-125 |
Factory includes tax, yuan / ton |
|
Jiangsu and Zhejiang market FDY150D/96F |
8150 |
8250 |
-100 |
Factory includes tax, yuan / ton |
||
|
Jiangsu and Zhejiang market DTY150D/48F |
8800 |
8950 |
-150 |
Factory includes tax, yuan / ton |
||
|
Jiangsu and Zhejiang market POY75D/72F |
7900 |
7900 |
0 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2023.10.23 |
2023.10.20 |
Rise and fall |
Remarks |
|
Polyester staple yarn |
Semi-glossy white 1.56: 38 |
Jiangsu Province |
7350 |
7410 |
-60 |
Factory includes tax, yuan / ton |
|
Semi-glossy white 1.56: 38 |
Zhejiang |
7400 |
7475 |
-75 |
Factory includes tax, yuan / ton |
III. Brief introduction of Polyester Industry chain Market
PTA
Today, East China PTA spot market shock callback, negotiations near 5725 yuan / ton. This week and next week, the main port delivery 01 litre of water 30 near the deal and negotiations. Under the pressure of the decline in the international crude oil market, the PTA futures market fell. 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 weakens within a narrow range. The international crude oil market has fallen, the commodity market atmosphere has weakened, and the focus of negotiations in the ethylene glycol market has dropped slightly. The price quoted in East China is around 3960 yuan / ton, down 40 yuan / ton from the previous working day. The quotation in South China is around 4080 yuan / ton. The arrival of ethylene glycol to the port is less, the port is expected to go to the warehouse periodically, the downstream polyester load remains high, and the purchasing 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 is weak. Polyester raw material PTA market fell, cost-end support weakened, chip market trading center of gravity fell narrow, factory low-price supply increased. Downstream rigid demand replenishment, low-price supply transactions are better. It is expected that the polyester chip market will maintain the finishing operation in the short term.
Polyester bottle chip
The market for polyester bottle chips fell narrowly today. Polyester raw materials PTA market decline, cost-side pressure, bottle chip manufacturers offer down 100 yuan / ton, market offer slightly lower; downstream demand is weak, 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 is weak and volatile. Polyester raw materials PTA market decline, lack of cost support, coupled with depressed demand, polyester filament enterprises focus on profit delivery, local quotation reduced by 50-200 yuan / ton, the market transaction center of gravity. Moderate replenishment of positions downstream, local production and sales pick up. It is expected that the market price of filament will be arranged in a narrow range in the short term.
Polyester staple fiber
The market of polyester staple fiber is weak today. Polyester raw materials market fell, cost-end pressure, staple fiber market prices slightly lower. Downstream rigid demand stock, enterprise production and marketing in general. 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 23rd PTA main 2401 contract opening price: 5782, lowest price: 5652, highest price: 5784, closing price: 5694, settlement price: 5702, down 100, position: 1487671.
Ethylene glycol: October 23rd EG main contract 2401 opening price: 4065, lowest price: 4006, highest price: 4080, closing price: 4078, settlement price: 4044, down 20%, position: 539647.
V. production and marketing data of polyester market
|
Product |
2023.10.23 |
2023.10.20 |
Rise and fall |
Unit |
|
Polyester chip |
70% |
110% |
-40% |
% |
|
Polyester filament |
90% |
40% |
+50% |
% |
|
Polyester staple fiber |
60% |
70% |
-10% |
% |
VI. Future forecast
The international crude oil market weakens, suppresses the market mentality, polyester raw material PTA and ethylene glycol market supply and demand end support, it is expected that the short-term market will be narrow adjustment, polyester raw material end-driven, polyester market offer will be adjusted with cost, downstream rigid demand for stock, market production and marketing differentiation. 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.