Polyester industry chain: lack of support, polyester market production and sales fall
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October 31, 2023, 4:19 PM I. the market trend chart of polyester industry chain
On October 31, the market price index of ethylene glycol was 4046.14, down 22.79 from the previous working day.
On Oct. 31, China's PTA market price index was 5915, up 25% from the previous working day.
On October 31, the market price of polyester chips was 6775, down 25% from the previous working day. The market price index of polyester bottle chips was 6875 the same as that of the previous working day.
II. Summary of market price of polyester industry chain
|
Product |
Specifications |
Market |
2023.10.31 |
2023.10.30 |
Rise and fall |
Remarks |
|
PTA |
Spot |
East China |
5915 |
5890 |
+25 |
Self-withdrawing tax, yuan / ton |
|
Product |
Specifications |
Market |
2023.10.31 |
2023.10.30 |
Rise and fall |
Remarks |
|
Glycol |
Polyester grade |
East China |
4030 |
4080 |
-50 |
Self-withdrawing tax, yuan / ton |
|
Polyester grade |
South China |
4150 |
4170 |
-20 |
Short delivery including tax, yuan / ton |
|
|
Product |
Specifications |
Market |
2023.10.31 |
2023.10.30 |
Rise and fall |
Remarks |
|
Polyester chip |
Semi-light section |
East China |
6775 |
6800 |
-25 |
Factory includes tax, yuan / ton |
|
Light slicing |
6800 |
6825 |
-25 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2023.10.31 |
2023.10.30 |
Rise and fall |
Remarks |
|
Polyester bottle chip |
Aquarius level (IV.=0.8) |
East China |
6875 |
6875 |
0 |
Factory includes tax, yuan / ton |
|
Oil bottle grade |
6875 |
6875 |
0 |
Factory includes tax, yuan / ton |
||
|
Hot pot grade |
6875 |
6875 |
0 |
Factory includes tax, yuan / ton |
||
|
Carbonic acid grade |
6975 |
6975 |
0 |
Factory includes tax, yuan / ton |
||
|
Aquarius level (IV.=0.8) |
South China |
6875 |
6875 |
0 |
Factory includes tax, yuan / ton |
|
|
Oil bottle grade |
6875 |
6875 |
0 |
Factory includes tax, yuan / ton |
||
|
Hot pot grade |
6875 |
6875 |
0 |
Factory includes tax, yuan / ton |
||
|
Carbonic acid grade |
6975 |
6975 |
0 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2023.10.31 |
2023.10.30 |
Rise and fall |
Remarks |
|
Polyester filament |
Jiangsu and Zhejiang market POY150D/48F |
East China |
7275 |
7275 |
0 |
Factory includes tax, yuan / ton |
|
Jiangsu and Zhejiang market FDY150D/96F |
7975 |
7975 |
0 |
Factory includes tax, yuan / ton |
||
|
Jiangsu and Zhejiang market DTY150D/48F |
8600 |
8600 |
0 |
Factory includes tax, yuan / ton |
||
|
Jiangsu and Zhejiang market POY75D/72F |
7550 |
7550 |
0 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2023.10.31 |
2023.10.30 |
Rise and fall |
Remarks |
|
Polyester staple yarn |
Semi-glossy white 1.56: 38 |
Jiangsu Province |
7400 |
7425 |
-25 |
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 5915 yuan / ton for negotiation. This week and next week, the main port delivery 01 liters of water 35-40 near the transaction and negotiations. Commodity market atmosphere improved, PTA futures market rose in the afternoon. Spot basis slightly pull up, traders and polyester factories rigid demand to buy mainly, the market mentality is 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 fell, suppressing the market mentality, and the focus of negotiations in the ethylene glycol market dropped slightly. The quotation in East China revolved around 4030 yuan / ton, down 50 yuan / ton compared with 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, the offer of polyester chip manufacturers is stable, the focus of market transaction has been loosened, and the supply of goods at low prices in the market has increased. Downstream rigid demand replenishment, the market trading atmosphere weakens. 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 materials PTA market maintenance finishing, bottle chip manufacturers offer remained stable, market offer a small adjustment; 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 interval arrangement, cost support is general, polyester filament factory quotation is stable, market transaction focus change is limited. Downstream demand weakens, 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 weak. International crude oil prices fell and depressed, staple fiber market negotiations prices fell slightly. Downstream is mainly cautious wait-and-see, the market production and marketing is light. It is expected that the short-term market price of polyester staple fiber will be maintained.
IV. Polyester Raw material Futures Market
PTA: October 31 PTA main force 2401 contract opening price: 5886, lowest price: 5818, highest price: 5934, closing price: 5908, settlement price: 5882, up 46, position: 1369462.
Ethylene glycol: October 31st EG main contract 2401 opening price: 4158, lowest price: 4078, highest price: 4166, closing price: 4116, settlement price: 4114, down 36, position: 489663.
V. production and marketing data of polyester market
|
Product |
2023.10.31 |
2023.10.30 |
Rise and fall |
Unit |
|
Polyester chip |
50% |
60% |
-10% |
% |
|
Polyester filament |
40% |
90% |
-50% |
% |
|
Polyester staple fiber |
35% |
65% |
-30% |
% |
VI. Future forecast
The international crude oil market fluctuation intensifies, the market mentality tends to be cautious, the polyester raw material PTA and the ethylene glycol market supply and demand end is stable, the short-term market will adjust narrowly, the polyester raw material end promotes, the polyester market offer will adjust with the cost, the downstream demand weakens, the enterprise production and sales fall back. 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.