Polyester: Volatility of raw materials intensifies, the market adjusts narrowly

108,066

May 22, 2023, 4:20 PM

1. Market trend chart of polyester products

On May 22, the polyester chip market price index was 6775, up 50 from yesterday and 0.74% month-on-month.

On May 22, the market price index of polyester bottles and chips was 7000, down 25 from yesterday and 0.31% month-on-month.

2. Summary of market prices of polyester products

products	specifications	market	2023.5.22	2023.5.19	rise and fall	remarks
polyester chip	semi-optical sectioning	East China	6775	6725	+50	Ex-factory tax included, RMB/ton
polyester chip	light slicing	East China	6750	6725	+25	Ex-factory tax included, RMB/ton
products	specifications	market	2023.5.22	2023.5.19	rise and fall	remarks
polyester bottle flakes	Water Bottle (IV.= 0.8）	East China	7000	7025	-25	Ex-factory tax included, RMB/ton
	Oil bottle grade		7000	7025	-25	Ex-factory tax included, RMB/ton
	hot canned grade		7000	7025	-25	Ex-factory tax included, RMB/ton
	carbonic acid grade		7100	7125	-25	Ex-factory tax included, RMB/ton
	Water Bottle (IV.= 0.8）	South China	7000	7025	-25	Ex-factory tax included, RMB/ton
	Oil bottle grade		7000	7025	-25	Ex-factory tax included, RMB/ton
	hot canned grade		7000	7025	-25	Ex-factory tax included, RMB/ton
	carbonic acid grade		7100	7125	-25	Ex-factory tax included, RMB/ton
	Water Bottle (IV.= 0.8）	North China	7100	7125	-25	Ex-factory tax included, RMB/ton
	Oil bottle grade		7100	7125	-25	Ex-factory tax included, RMB/ton
	hot canned grade		7100	7125	-25	Ex-factory tax included, RMB/ton
	carbonic acid grade		7200	7225	-25	Ex-factory tax included, RMB/ton
products	specifications	market	2023.5.22	2023.5.19	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		7975	7950	+25	Ex-factory tax included, RMB/ton
	Jiangsu and Zhejiang market POY 150D/48F		7300	7250	+50	Ex-factory tax included, RMB/ton
	Jiangsu and Zhejiang market POY 75D/72F		7600	7550	+50	Ex-factory tax included, RMB/ton
	Fujian market POY 75D/72F		7900	7900	0	Ex-factory tax included, RMB/ton
products	specifications	market	2023.5.22	2023.5.19	rise and fall	remarks
polyester staple yarn	Semi-optical original white 1.56 * 38	Jiangsu	7300	7350	-50	Ex-factory tax included, RMB/ton
	Semi-optical original white 1.56 * 38	Fujian	7400	7450	-50	Ex-factory tax included, RMB/ton
	Semi-optical original white 1.56 * 38	Shandong	7350	7350	0	Ex-factory tax included, RMB/ton
	Semi-optical original white 1.56 * 38	Zhejiang	7300	7300	0	Ex-factory tax included, RMB/ton
	Semi-optical original white 1.56 * 38	Hebei	7375	7375	0	Ex-factory tax included, RMB/ton

3. Brief introduction to the polyester product market

polyester chip

Today, the polyester chip market is strong in finishing. Driven by costs last weekend, some slicing factories raised their offers slightly. However, today, due to the decline in raw material PTA, market growth was limited. Downstream demand is weak, and market production and sales are poor. 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 chip market is narrowed. The raw material PTA market fell, cost support weakened, offers from mainstream bottle and tablet manufacturers were temporarily stable, and offers from dealers tended to low-end; downstream demand was weak, and the market was mainly cautious and wait-and-see. It is expected that the polyester bottle sheet market may adjust within a narrow range in the short term.

polyester filament

Today's polyester filament market has been narrowed. Volatility at the raw material side has increased, and low-end quotations of some polyester merchants have increased, and the focus of market transactions has increased slightly. Downstream demand weakened, and market production and sales weakened. 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. The decline in the raw material market suppressed, and the spot price in the staple fiber market corrected slightly. Downstream buying has slowed down, and market production and sales have been sluggish. 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	2023.5.22	2023.5.19	rise and fall	units
polyester chip	60%	110%	-50%	%
polyester filament	40%	70%	-30%	%
polyester staple fiber	45%	150%	-105%	%
textile city	839	1211	-372	ten thousand meters

5. Polyester raw material market

products	2023/5/22	2023/5/19	rise and fall	units
PTA Price Index	5505	5575	-70	Yuan/ton
PTA main contract settlement	5318	5380	-64	Yuan/ton
Ethylene glycol price index	4118.84	4146.68	-27.84	Yuan/ton
Ethylene glycol main contract settlement	4200	4265	-65	Yuan/ton

6. Future outlook forecast

The PTA market for polyester raw materials began to fall, and costs provided insufficient support for the market. The market is mainly cautious and wait-and-see, downstream demand is weak, and there is insufficient 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.