Polyester industry chain: The rise of raw materials supports narrow consolidation of the polyester market
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October 25, 2023, 4:16 PM I. the market trend chart of polyester industry chain
On October 25th, the market price index of ethylene glycol was 4046.37, up 16.95 from the previous working day.
On Oct. 25, China's PTA market price index was 5825, up 90% from the previous working day.
On October 25th, the market price of polyester chips was 6750, up 25% 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 |
2023.10.25 |
2023.10.24 |
Rise and fall |
Remarks |
|
PTA |
Spot |
East China |
5825 |
5735 |
+90 |
Self-withdrawing tax, yuan / ton |
|
Product |
Specifications |
Market |
2023.10.25 |
2023.10.24 |
Rise and fall |
Remarks |
|
Glycol |
Polyester grade |
East China |
4040 |
4000 |
+40 |
Self-withdrawing tax, yuan / ton |
|
Polyester grade |
South China |
4100 |
4100 |
0 |
Short delivery including tax, yuan / ton |
|
|
Product |
Specifications |
Market |
2023.10.25 |
2023.10.24 |
Rise and fall |
Remarks |
|
Polyester chip |
Semi-light section |
East China |
6750 |
6725 |
+25 |
Factory includes tax, yuan / ton |
|
Light slicing |
6800 |
6800 |
0 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2023.10.25 |
2023.10.24 |
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 |
2023.10.25 |
2023.10.24 |
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 |
7700 |
0 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2023.10.25 |
2023.10.24 |
Rise and fall |
Remarks |
|
Polyester staple yarn |
Semi-glossy white 1.56: 38 |
Jiangsu Province |
7400 |
7375 |
+25 |
Factory includes tax, yuan / ton |
|
Semi-glossy white 1.56: 38 |
Zhejiang |
7425 |
7425 |
0 |
Factory includes tax, yuan / ton |
III. Brief introduction of Polyester Industry chain Market
PTA
Today, the spot market of PTA in East China continues to rise, with a reference of 5825 yuan / ton. This week and next week, the main port delivery 01 litre water 15-30 near the transaction and negotiations. The atmosphere of the commodity market improved, and the PTA futures market continued to rebound. Spot base margin rebounded slightly, rigid demand from traders and polyester factories increased, and market trading was OK. 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 4040 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 remains high, downstream polyester load remains high, while the procurement mentality is cautious, the supply and demand side performance is stable. 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's polyester chip market is narrowly arranged. Boosted by the rebound of the polyester raw material PTA market, polyester chip manufacturers offer stable, individual factory discount space moderately narrowed, the market transaction center of gravity is stable and warm, but the market low-price supply still exists. 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, market offer on the low end; 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 fluctuates in a narrow range. Polyester raw material PTA market pull up, cost side support, polyester filament factory quotation is stable, preferential range narrowed, market transaction center of gravity change is limited. Some enterprises promote shipments, and 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
Today, the market of polyester staple fiber is strong. Polyester raw materials PTA market boosted, staple fiber market negotiations prices rose slightly. Downstream active stock-based, market 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 25th PTA main 2401 contract opening price: 5780, lowest price: 5728, highest price: 5898, closing price: 5800, settlement price: 5804, up 80, position: 1406024.
Ethylene glycol: October 25th EG main contract 2401 opening price: 4098, lowest price: 4088, highest price: 4134, closing price: 4126, settlement price: 4113, up 40, position: 509393.
V. production and marketing data of polyester market
|
Product |
2023.10.25 |
2023.10.24 |
Rise and fall |
Unit |
|
Polyester chip |
75% |
75% |
0% |
% |
|
Polyester filament |
55% |
55% |
0% |
% |
|
Polyester staple fiber |
130% |
75% |
+55% |
% |
VI. Future forecast
The international crude oil market fluctuates at a high level, polyester raw material PTA and ethylene glycol market are supported by supply and demand, it is expected that the short-term market will adjust narrowly, polyester raw material side will promote, polyester market offer will be adjusted with cost, downstream rigid demand for stock, market mentality is cautious. 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.