Polyester industry chain: Cost supports the stalemate in the polyester market
91,181 
November 1, 2023, 4:56 PM I. the market trend chart of polyester industry chain
On November 1st, the ethylene glycol market price index was 4048.49, up 2.35 from the previous working day.
On November 1st, China's PTA market price index was 5930, up 15% from the previous working day.
On November 1st, the market price of polyester chips was 6800, up 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 |
2023.11.1 |
2023.10.31 |
Rise and fall |
Remarks |
|
PTA |
Spot |
East China |
5930 |
5915 |
+15 |
Self-withdrawing tax, yuan / ton |
|
Product |
Specifications |
Market |
2023.11.1 |
2023.10.31 |
Rise and fall |
Remarks |
|
Glycol |
Polyester grade |
East China |
4045 |
4030 |
+15 |
Self-withdrawing tax, yuan / ton |
|
Polyester grade |
South China |
4100 |
4150 |
-50 |
Short delivery including tax, yuan / ton |
|
|
Product |
Specifications |
Market |
2023.11.1 |
2023.10.31 |
Rise and fall |
Remarks |
|
Polyester chip |
Semi-light section |
East China |
6800 |
6775 |
+25 |
Factory includes tax, yuan / ton |
|
Light slicing |
6825 |
6800 |
+25 |
Factory includes tax, yuan / ton |
||
|
Product |
Specifications |
Market |
2023.11.1 |
2023.10.31 |
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 |
2023.11.1 |
2023.10.31 |
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 |
2023.11.1 |
2023.10.31 |
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 |
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 5930 yuan / ton for negotiation. This week and next week, the main port delivery 01 liters of water 30-40 near the deal and negotiations. The international crude oil market fell, the market was more cautious, and the range of the PTA futures market adjusted. Spot basis fluctuates slightly, traders and polyester factories buy mainly in rigid demand, and 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 is in a narrow range. With the decline in the international crude oil market, the market mentality tends to be cautious, and the focus of negotiations in the ethylene glycol market has been adjusted slightly. The quotation in East China revolves around 4045 yuan / ton, up 15 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 strong. Polyester raw materials PTA market high support, polyester chip manufacturers offer stability, market low-price supply convergence, market transaction center of gravity slightly increased. Downstream rigid demand replenishment, the market trading atmosphere is light. 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 finishing, cost support is general, polyester filament factory quotation is stable, market transaction focus change is limited. Downstream demand is relatively weak, the market production and marketing is depressed. 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. High cost supports the market, and the staple fiber market talks about price maintenance and finishing. Downstream is mainly cautious wait-and-see, some production and sales rebounded. It is expected that the short-term market price of polyester staple fiber will be maintained.
IV. Polyester Raw material Futures Market
PTA: November 1st PTA main 2401 contract opening price: 5900, lowest price: 5856, highest price: 5932, closing price: 5882, settlement price: 5894, up 0, position: 1319106.
Ethylene glycol: November 1st EG main contract 2401 opening price: 4124, lowest price: 4101, highest price: 4138, closing price: 4117, settlement price: 4119, up 3, position: 474304.
V. production and marketing data of polyester market
|
Product |
2023.11.1 |
2023.10.31 |
Rise and fall |
Unit |
|
Polyester chip |
45% |
50% |
-5% |
% |
|
Polyester filament |
35% |
40% |
-5% |
% |
|
Polyester staple fiber |
45% |
35% |
+10% |
% |
VI. Future forecast
The international crude oil market fluctuates at a high level, and the market mentality tends to be cautious. With the support of the supply and demand side of the polyester raw material PTA and ethylene glycol market, it is expected that the short-term market will adjust narrowly, the polyester raw material end will promote, the polyester market offer will adjust with the cost, the downstream demand will weaken, and the production and marketing of enterprises will be light. 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.