Polyester industry chain: market atmosphere improves, polyester market is deadlocked
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October 24, 2023, 4:45 PM I. the market trend chart of polyester industry chain
On October 24th, the market price index of ethylene glycol was 4029.42, up 18.56 from the previous working day.
On Oct. 24, China's PTA market price index was 5735, up 10% from the previous working day.
On October 24th, the market price of polyester chips was 6725, down 50% from the previous working day. The market price index of polyester bottle chips was 6825 the same as that of the previous working day.
II. Summary of market price of polyester industry chain
|
Product |
Specifications |
Market |
2023.10.24 |
2023.10.23 |
Rise and fall |
Remarks |
|
PTA |
Spot |
East China |
5735 |
5725 |
+10 |
Self-withdrawing tax, yuan / ton |
|
Product |
Specifications |
Market |
2023.10.24 |
2023.10.23 |
Rise and fall |
Remarks |
|
Glycol |
Polyester grade |
East China |
4000 |
3960 |
+40 |
Self-withdrawing tax, yuan / ton |
|
Polyester grade |
South China |
4100 |
4080 |
+20 |
Short delivery including tax, yuan / ton |
|
|
Product |
Specifications |
Market |
2023.10.24 |
2023.10.23 |
Rise and fall |
Remarks |
|
Polyester chip |
Semi-light section |
East China |
6725 |
6775 |
-50 |
Factory includes tax, yuan / ton |
|
Light slicing |
6800 |
6850 |
-50 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2023.10.24 |
2023.10.23 |
Rise and fall |
Remarks |
|
Polyester bottle chip |
Aquarius level (IV.=0.8) |
East China |
6825 |
6825 |
0 |
Factory includes tax, yuan / ton |
|
Oil bottle grade |
6825 |
6825 |
0 |
Factory includes tax, yuan / ton |
||
|
Hot pot grade |
6825 |
6825 |
0 |
Factory includes tax, yuan / ton |
||
|
Carbonic acid grade |
6925 |
6925 |
0 |
Factory includes tax, yuan / ton |
||
|
Aquarius level (IV.=0.8) |
South China |
6825 |
6825 |
0 |
Factory includes tax, yuan / ton |
|
|
Oil bottle grade |
6825 |
6825 |
0 |
Factory includes tax, yuan / ton |
||
|
Hot pot grade |
6825 |
6825 |
0 |
Factory includes tax, yuan / ton |
||
|
Carbonic acid grade |
6925 |
6925 |
0 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2023.10.24 |
2023.10.23 |
Rise and fall |
Remarks |
|
Polyester filament |
Jiangsu and Zhejiang market POY150D/48F |
East China |
7525 |
7525 |
0 |
Factory includes tax, yuan / ton |
|
Jiangsu and Zhejiang market FDY150D/96F |
8150 |
8150 |
0 |
Factory includes tax, yuan / ton |
||
|
Jiangsu and Zhejiang market DTY150D/48F |
8800 |
8800 |
0 |
Factory includes tax, yuan / ton |
||
|
Jiangsu and Zhejiang market POY75D/72F |
7700 |
7900 |
-200 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2023.10.24 |
2023.10.23 |
Rise and fall |
Remarks |
|
Polyester staple yarn |
Semi-glossy white 1.56: 38 |
Jiangsu Province |
7375 |
7350 |
+25 |
Factory includes tax, yuan / ton |
|
Semi-glossy white 1.56: 38 |
Zhejiang |
7425 |
7400 |
+25 |
Factory includes tax, yuan / ton |
III. Brief introduction of Polyester Industry chain Market
PTA
Today, the spot market trend of PTA in East China is getting stronger, and we will consult around 5735 yuan / ton. This week and next week, the main port delivery 01 litre water 15 near the deal and negotiations. Commodity market atmosphere improved, PTA futures market rebounded, pulled up significantly in late trading. Spot basis margin fell slightly, traders and polyester factories rigid demand to buy, the market trading caution. 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 improvement of the commodity market atmosphere has boosted the market mentality, and the focus of negotiations in the ethylene glycol market has risen slightly. The quotation in East China revolves around 4000 yuan / ton, up 40 yuan / ton from the previous working day. The quotation in South China is around 4100 yuan / ton. Ethylene glycol port inventory continues to eliminate, 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 is weak. International crude oil fell sharply, polyester chip manufacturers offered steadily and weakly, the supply of goods at low prices in the market increased, and the focus of transaction fell in a narrow range. 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
Today's polyester bottle chip market is arranged in a narrow range. Polyester raw material PTA market is stronger, cost end support, bottle chip manufacturers offer a small adjustment, afternoon some manufacturers offer up, market offer low end; 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 fluctuates in a narrow range. Polyester raw material PTA market is stronger, cost side support, polyester filament factory quotation is stable, individual small adjustment, market transaction center of gravity change is limited. Downstream rigid demand replenishment, market production and sales decline. 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 market of polyester staple fiber is strong. Polyester raw material PTA market rebounded, staple fiber market negotiations prices rose slightly. Downstream rigid demand for stock-based, market production and marketing is OK. 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 24th PTA main 2401 contract opening price: 5702, lowest price: 5672, highest price: 5788, closing price: 5782, settlement price: 5720, up 80, position: 1433029.
Ethylene glycol: October 24th EG main contract 2401 opening price: 4082, lowest price: 4067, highest price: 4105, closing price: 4097, settlement price: 4086, up 53, position: 530140.
V. production and marketing data of polyester market
|
Product |
2023.10.24 |
2023.10.23 |
Rise and fall |
Unit |
|
Polyester chip |
75% |
70% |
+5% |
% |
|
Polyester filament |
55% |
90% |
-35% |
% |
|
Polyester staple fiber |
75% |
60% |
+15% |
% |
VI. Future forecast
The international crude oil market fluctuation intensifies, the polyester raw material PTA and the ethylene glycol market supply and demand end support, the short-term market will adjust narrowly, the polyester raw material end promotes, the polyester market offer will adjust with the cost, the downstream rigid demand stock, the 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.