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Polyester: Falling raw materials dragged down the entire market correction

108,001
May 15, 2023, 4:18 PM

1. Market trend chart of polyester products

On May 15, the polyester chip market price index was 6800, down 75 from yesterday and 1.09% month-on-month.

On May 15, the market price index of polyester bottles and chips was 7075, down 100 from yesterday and 1.39% month-on-month.

 

2. Summary of market prices of polyester products

products

specifications

market

2023.5.15

2023.5.12

rise and fall

remarks

polyester chip

semi-optical sectioning

East China

6800

6875

-75

Ex-factory tax included, RMB/ton

light slicing

6800

6850

-50

Ex-factory tax included, RMB/ton

products

specifications

market

2023.5.15

2023.5.12

rise and fall

remarks

polyester bottle flakes

Water Bottle (IV.= 0.8)

East China

7075

7175

-100

Ex-factory tax included, RMB/ton

Oil bottle grade

7075

7175

-100

Ex-factory tax included, RMB/ton

hot canned grade

7075

7175

-100

Ex-factory tax included, RMB/ton

carbonic acid grade

7175

7275

-100

Ex-factory tax included, RMB/ton

Water Bottle (IV.= 0.8)

South China

7075

7175

-100

Ex-factory tax included, RMB/ton

Oil bottle grade

7075

7175

-100

Ex-factory tax included, RMB/ton

hot canned grade

7075

7175

-100

Ex-factory tax included, RMB/ton

carbonic acid grade

7175

7275

-100

Ex-factory tax included, RMB/ton

Water Bottle (IV.= 0.8)

North China

7175

7275

-100

Ex-factory tax included, RMB/ton

Oil bottle grade

7175

7275

-100

Ex-factory tax included, RMB/ton

hot canned grade

7175

7275

-100

Ex-factory tax included, RMB/ton

carbonic acid grade

7275

7375

-100

Ex-factory tax included, RMB/ton

products

specifications

market

2023.5.15

2023.5.12

rise and fall

remarks

polyester filament

Jiangsu and Zhejiang markets DTY 150D/48F

East China

8650

8700

-50

Ex-factory tax included, RMB/ton

Jiangsu and Zhejiang markets FDY 150D/96F

8050

8100

-50

Ex-factory tax included, RMB/ton

Jiangsu and Zhejiang market POY 150D/48F

7325

7450

-125

Ex-factory tax included, RMB/ton

Jiangsu and Zhejiang market POY75D/72F

7650

7650

0

Ex-factory tax included, RMB/ton

Fujian market POY75D/72F

7900

8000

-100

Ex-factory tax included, RMB/ton

products

specifications

market

2023.5.15

2023.5.12

rise and fall

remarks

polyester staple yarn

Semi-optical original white 1.56*38

Jiangsu

7200

7275

-75

Ex-factory tax included, RMB/ton

Semi-optical original white 1.56*38

Fujian

7300

7400

-100

Ex-factory tax included, RMB/ton

Semi-optical original white 1.56*38

Shandong

7250

7350

-100

Ex-factory tax included, RMB/ton

Semi-optical original white 1.56*38

Zhejiang

7225

7300

-75

Ex-factory tax included, RMB/ton

Semi-optical original white 1.56*38

Hebei

7275

7350

-75

Ex-factory tax included, RMB/ton

3. Brief introduction to the polyester product market

polyester chip

The polyester chip market fell slightly today. The PTA market for polyester raw materials continued to decline, cost support weakened, and the focus of transactions in the slice market dropped slightly. The market is mainly cautious and wait-and-see, and the transaction atmosphere is light. It is expected that the market price of polyester chips will maintain the finishing pattern in the short term.

polyester bottle flakes

Today, the market focus of the polyester bottle sheet market continues to adjust. The decline in the raw material PTA market was suppressed, and the offers of mainstream bottle and chip manufacturers were significantly lowered by 100-150 yuan/ton, and the offers of dealers fell accordingly. Due to the increase in market supply expectations in the later period, the market has a strong bearish atmosphere, and market buying has followed suit. It is expected that the polyester bottle sheet market may adjust within a narrow range in the short term.

polyester filament

Today, the polyester filament market is weak and volatile. Cost support weakened, and filament factory quotations were lowered or expanded to a range of around 50-200 yuan/ton. Downstream just needs to buy goods, and market production and sales are average. It is expected that the filament market price may maintain a consolidation trend in the short term.

polyester staple fiber

The polyester staple fiber market adjusted slightly today. Driven by the decline in raw material PTA prices, staple fiber prices continued to fall. Downstream willingness to stock up on bargain hunting has increased, and some companies have better production and sales. It is expected that the short-term polyester staple fiber market price may fluctuate within a narrow range.

4. Polyester market production and sales data

products

2023.5.15

2023.5.12

rise and fall

units

polyester chip

45%

60%

-15%

%

polyester filament

40%

40%

0%

%

polyester staple fiber

90%

65%

+25%

%

textile city

856

1126

-270

ten thousand meters

5. Polyester raw material market

products

2023/5/15

2023/5/12

rise and fall

units

PTA East China spot closes

5480

5615

-135

Yuan/ton

PTA main contract settlement

5216

5342

-126

Yuan/ton

Ethylene glycol spot closes in East China

4275

4252

+23

Yuan/ton

Ethylene glycol main contract settlement

4366

4343

+23

Yuan/ton

6. Future outlook forecast

The PTA market for polyester raw materials continued to decline, suppressing market mentality. Downstream demand remains weak and the market trading atmosphere is weak. It is expected that the short-term polyester market price may maintain a narrow adjustment. Later, we will focus on changes in the raw material market and demand side.