Polyester industry chain: raw materials rebound after falling polyester market cautiously wait and see
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October 27, 2023, 4:33 PM I. the market trend chart of polyester industry chain
On October 27th, the market price index of ethylene glycol was 4052.73, up 8.48 from the previous working day.
On Oct. 27, China's PTA market price index was 5830, down 30 percent from the previous working day.
On October 27th, the market price of polyester chips was 6750, down 50% from the previous working day. The market price index of polyester bottle chips was 6825, down 25 from the previous working day.
II. Summary of market price of polyester industry chain
|
Product |
Specifications |
Market |
2023.10.27 |
2023.10.26 |
Rise and fall |
Remarks |
|
PTA |
Spot |
East China |
5830 |
5860 |
-30 |
Self-withdrawing tax, yuan / ton |
|
Product |
Specifications |
Market |
2023.10.27 |
2023.10.26 |
Rise and fall |
Remarks |
|
Glycol |
Polyester grade |
East China |
4055 |
4035 |
+20 |
Self-withdrawing tax, yuan / ton |
|
Polyester grade |
South China |
4100 |
4100 |
0 |
Short delivery including tax, yuan / ton |
|
|
Product |
Specifications |
Market |
2023.10.27 |
2023.10.26 |
Rise and fall |
Remarks |
|
Polyester chip |
Semi-light section |
East China |
6750 |
6800 |
-50 |
Factory includes tax, yuan / ton |
|
Light slicing |
6800 |
6850 |
-50 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2023.10.27 |
2023.10.26 |
Rise and fall |
Remarks |
|
Polyester bottle chip |
Aquarius level (IV.=0.8) |
East China |
6825 |
6850 |
-25 |
Factory includes tax, yuan / ton |
|
Oil bottle grade |
6825 |
6850 |
-25 |
Factory includes tax, yuan / ton |
||
|
Hot pot grade |
6825 |
6850 |
-25 |
Factory includes tax, yuan / ton |
||
|
Carbonic acid grade |
6925 |
6950 |
-25 |
Factory includes tax, yuan / ton |
||
|
Aquarius level (IV.=0.8) |
South China |
6825 |
6850 |
-25 |
Factory includes tax, yuan / ton |
|
|
Oil bottle grade |
6825 |
6850 |
-25 |
Factory includes tax, yuan / ton |
||
|
Hot pot grade |
6825 |
6850 |
-25 |
Factory includes tax, yuan / ton |
||
|
Carbonic acid grade |
6925 |
6950 |
-25 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2023.10.27 |
2023.10.26 |
Rise and fall |
Remarks |
|
Polyester filament |
Jiangsu and Zhejiang market POY150D/48F |
East China |
7475 |
7475 |
0 |
Factory includes tax, yuan / ton |
|
Jiangsu and Zhejiang market FDY150D/96F |
8100 |
8100 |
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 |
2023.10.27 |
2023.10.26 |
Rise and fall |
Remarks |
|
Polyester staple yarn |
Semi-glossy white 1.56: 38 |
Jiangsu Province |
7400 |
7400 |
0 |
Factory includes tax, yuan / ton |
|
Semi-glossy white 1.56: 38 |
Zhejiang |
7450 |
7450 |
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 maintained and sorted out, and it is discussed for reference near 5830 yuan / ton. This week and next week, the main port delivery 01 litres of water 20: 30 near the deal and negotiations. Commodity market atmosphere improved, PTA futures market fell and then rebounded. Spot basis slightly adjusted, traders and polyester factories increased rigid demand for buying, market trading was low. 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 4055 yuan / ton, up 20 yuan / ton from the previous working day. The quotation in South China is around 4100 yuan / ton. Ethylene glycol port inventory accumulation, downstream polyester load remains high, while the procurement mentality is cautious, the supply and demand side support is limited. 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 narrow and weak. Under the pressure of the fall in international crude oil, polyester raw materials PTA market fell back in the morning to suppress, polyester chip market trading center of gravity narrowly lower, the market low-price supply increased. Downstream rigid demand replenishment, smooth slicing deal is OK. 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 is narrowly weak today. Polyester raw materials PTA market opened down to suppress, bottle chip manufacturers offer a small adjustment, the market low-end offer 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 fluctuates in a narrow range. Polyester raw material PTA market rebounded after falling, cost side support, polyester filament factory quotation is stable, individual downgrade, market trading center of gravity change is limited. Downstream to maintain a rigid demand to buy, the actual order turnover is 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, the market of polyester staple fiber is arranged smoothly. Polyester raw material PTA market rebounded after falling, cost support, staple fiber market to negotiate a small price adjustment. Downstream cautious wait-and-see-based, maintain rigid demand for stock. It is expected that the short-term market price of polyester staple fiber will be maintained.
IV. Polyester Raw material Futures Market
PTA: October 27th PTA main 2401 contract opening price: 5798, lowest price: 5748, highest price: 5866, closing price: 5830, settlement price: 5804, up 0, position: 1400169.
Ethylene glycol: October 27th EG main contract 2401 opening price: 4113, lowest price: 4095, highest price: 4168, closing price: 4159, settlement price: 4128, up 47, position: 484281.
V. production and marketing data of polyester market
|
Product |
2023.10.27 |
2023.10.26 |
Rise and fall |
Unit |
|
Polyester chip |
65% |
60% |
+5% |
% |
|
Polyester filament |
40% |
40% |
0% |
% |
|
Polyester staple fiber |
60% |
50% |
+10% |
% |
VI. Future forecast
International crude oil market high volatility, Chinese commodity market atmosphere improved support, polyester raw material PTA and ethylene glycol market mentality is cautious, market supply and demand support is limited, it is expected that the short-term market will be narrow adjustment, polyester raw material end drive, polyester market offer will be adjusted with cost, downstream rigid demand stock, enterprise 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.