Polyester: Cost drives the market to increase replenishment on dips

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May 19, 2023, 4:18 PM

1. Market trend chart of polyester products

On May 19, the polyester chip market price index was 6725, which was unchanged from yesterday.

On May 19, the market price index of polyester bottles and chips was 7025, which was the same as yesterday.

2. Summary of market prices of polyester products

products	specifications	market	2023.5.19	2023.5.18	rise and fall	remarks
polyester chip	semi-optical sectioning	East China	6725	6725	0	Ex-factory tax included, RMB/ton
polyester chip	light slicing	East China	6725	6725	0	Ex-factory tax included, RMB/ton
products	specifications	market	2023.5.19	2023.5.18	rise and fall	remarks
polyester bottle flakes	Water Bottle (IV.= 0.8）	East China	7025	7025	0	Ex-factory tax included, RMB/ton
	Oil bottle grade		7025	7025	0	Ex-factory tax included, RMB/ton
	hot canned grade		7025	7025	0	Ex-factory tax included, RMB/ton
	carbonic acid grade		7125	7125	0	Ex-factory tax included, RMB/ton
	Water Bottle (IV.= 0.8）	South China	7025	7025	0	Ex-factory tax included, RMB/ton
	Oil bottle grade		7025	7025	0	Ex-factory tax included, RMB/ton
	hot canned grade		7025	7025	0	Ex-factory tax included, RMB/ton
	carbonic acid grade		7125	7125	0	Ex-factory tax included, RMB/ton
	Water Bottle (IV.= 0.8）	North China	7125	7125	0	Ex-factory tax included, RMB/ton
	Oil bottle grade		7125	7125	0	Ex-factory tax included, RMB/ton
	hot canned grade		7125	7125	0	Ex-factory tax included, RMB/ton
	carbonic acid grade		7225	7225	0	Ex-factory tax included, RMB/ton
products	specifications	market	2023.5.19	2023.5.18	rise and fall	remarks
polyester filament	Jiangsu and Zhejiang markets DTY 150D/48F	East China	8600	8600	0	Ex-factory tax included, RMB/ton
	Jiangsu and Zhejiang markets FDY 150D/96F		7950	7950	0	Ex-factory tax included, RMB/ton
	Jiangsu and Zhejiang market POY 150D/48F		7250	7250	0	Ex-factory tax included, RMB/ton
	Jiangsu and Zhejiang market POY75D/72F		7550	7550	0	Ex-factory tax included, RMB/ton
	Fujian market POY75D/72F		7900	7900	0	Ex-factory tax included, RMB/ton
products	specifications	market	2023.5.19	2023.5.18	rise and fall	remarks
polyester staple yarn	Semi-optical original white 1.56*38	Jiangsu	7350	7250	+100	Ex-factory tax included, RMB/ton
	Semi-optical original white 1.56*38	Fujian	7450	7350	+100	Ex-factory tax included, RMB/ton
	Semi-optical original white 1.56*38	Shandong	7350	7300	+50	Ex-factory tax included, RMB/ton
	Semi-optical original white 1.56*38	Zhejiang	7300	7250	+50	Ex-factory tax included, RMB/ton
	Semi-optical original white 1.56*38	Hebei	7375	7300	+75	Ex-factory tax included, RMB/ton

3. Brief introduction to the polyester product market

polyester chip

Today, the polyester chip market remains organized. The raw material PTA market is strong, the cost support is solid, and the offer from the slicing factory is temporarily stable. Downstream stocks on bargain hunting, and market production and sales have improved. It is expected that the market price of polyester chips may maintain a narrow range of fluctuations in the short term.

polyester bottle flakes

Today, the market focus of the polyester bottle sheet market has been adjusted within a narrow range. The raw material PTA market has strengthened. Under the support of costs, the offers of mainstream bottle and tablet manufacturers have maintained stable, and the offers of dealers have adjusted slightly; downstream demand is weak, and the market trading atmosphere is light. It is expected that the polyester bottle sheet market may maintain a narrow range of fluctuations in the short term.

polyester filament

Today's polyester filament market has been narrowed. Cost has strengthened support for the market, and some polyester factories have raised their quotations or reduced their discounts to a range of around 50-100 yuan/ton. The downstream is mainly actively replenishing goods, and market production and sales are acceptable. It is expected that the filament market price may maintain the consolidation pattern in the short term.

polyester staple fiber

Today, the polyester staple fiber market remains consolidated. Driven by the rise in the raw material market and the low inventory of staple fiber itself, the market spot price rose slightly. The downstream is actively replenishing goods, and the overall market production and sales are acceptable. 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	2023.5.19	2023.5.18	rise and fall	units
polyester chip	110%	70%	+40%	%
polyester filament	70%	40%	+30%	%
polyester staple fiber	150%	110%	+40%	%
textile city	1211	1232	-21	ten thousand meters

5. Polyester raw material market

products	2023/5/19	2023/5/18	rise and fall	units
PTA Price Index	5560	5515	+45	Yuan/ton
PTA main contract settlement	5380	5296	+84	Yuan/ton
Ethylene glycol price index	4146.68	4168.29	-21.61	Yuan/ton
Ethylene glycol main contract settlement	4265	4290	-25	Yuan/ton

6. Future outlook forecast

The PTA market trend of polyester raw material is strengthening, and costs support the market. The market is mainly cautious and wait-and-see, and the downstream just needs to stock up and lacks confidence in the future outlook. 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.