Polyester: Weak raw materials dragged down a slight correction in the market

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May 26, 2023, 4:27 PM

1. Market trend chart of polyester products

On May 26, the polyester chip market price index was 6750, down 25 from yesterday and 0.37% month-on-month.

On May 26, the market price index of polyester bottles and chips was 6950, down 50 from yesterday and 0.71% month-on-month.

2. Summary of market prices of polyester products

products	specifications	market	2023.5.26	2023.5.25	rise and fall	remarks
polyester chip	semi-optical sectioning	East China	6750	6775	-25	Ex-factory tax included, RMB/ton
polyester chip	light slicing	East China	6725	6750	-25	Ex-factory tax included, RMB/ton
products	specifications	market	2023.5.26	2023.5.25	rise and fall	remarks
polyester bottle flakes	Water Bottle (IV.= 0.8）	East China	6950	7000	-50	Ex-factory tax included, RMB/ton
	Oil bottle grade		6950	7000	-50	Ex-factory tax included, RMB/ton
	hot canned grade		6950	7000	-50	Ex-factory tax included, RMB/ton
	carbonic acid grade		7050	7100	-50	Ex-factory tax included, RMB/ton
	Water Bottle (IV.= 0.8）	South China	6950	7000	-50	Ex-factory tax included, RMB/ton
	Oil bottle grade		6950	7000	-50	Ex-factory tax included, RMB/ton
	hot canned grade		6950	7000	-50	Ex-factory tax included, RMB/ton
	carbonic acid grade		7050	7100	-50	Ex-factory tax included, RMB/ton
	Water Bottle (IV.= 0.8）	North China	7050	7100	-50	Ex-factory tax included, RMB/ton
	Oil bottle grade		7050	7100	-50	Ex-factory tax included, RMB/ton
	hot canned grade		7050	7100	-50	Ex-factory tax included, RMB/ton
	carbonic acid grade		7150	7200	-50	Ex-factory tax included, RMB/ton
products	specifications	market	2023.5.26	2023.5.25	rise and fall	remarks
polyester filament	Jiangsu and Zhejiang markets DTY 150D/48F	East China	8625	8600	+25	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		7275	7275	0	Ex-factory tax included, RMB/ton
	Jiangsu and Zhejiang market POY75D/72F		7600	7600	0	Ex-factory tax included, RMB/ton
	Fujian market POY75D/72F		7800	7800	0	Ex-factory tax included, RMB/ton
products	specifications	market	2023.5.26	2023.5.25	rise and fall	remarks
polyester staple yarn	Semi-optical original white 1.56*38	Jiangsu	7200	7300	-100	Ex-factory tax included, RMB/ton
	Semi-optical original white 1.56*38	Fujian	7350	7350	0	Ex-factory tax included, RMB/ton
	Semi-optical original white 1.56*38	Shandong	7250	7325	-75	Ex-factory tax included, RMB/ton
	Semi-optical original white 1.56*38	Zhejiang	7175	7300	-125	Ex-factory tax included, RMB/ton
	Semi-optical original white 1.56*38	Hebei	7325	7350	-25	Ex-factory tax included, RMB/ton

3. Brief introduction to the polyester product market

polyester chip

Today, the polyester chip market is narrow and weak. The PTA market for polyester raw materials has weakened, cost support is insufficient, and the supply of polyester chips has increased, suppressing the market mentality. The focus of market transactions has steadily declined. Downstream demand has weakened, and market production and sales have become relatively deserted. It is expected that the market price of polyester chips may adjust within a narrow range in the short term.

polyester bottle flakes

Today, the market focus of the polyester bottle sheet market has slightly corrected. The weakening of raw materials has dragged down the market. The offers of mainstream bottle and chip manufacturers have been lowered by 50 yuan/ton, and the offers of dealers have tended to low-end; downstream demand is still weak, and the market trading atmosphere is sluggish. It is expected that the polyester bottle sheet market may fluctuate within a narrow range in the short term.

polyester filament

Today, the polyester filament market is adjusting within a narrow range. Cost provides insufficient support for the market, and the market mentality is cautious. Yesterday, polyester production and sales increased significantly. Today, polyester manufacturers were reluctant to sell at low prices, and the preferential space narrowed. The focus of local transactions shifted slightly, and market production and sales weakened. It is expected that the filament market price may fluctuate within a narrow range in the short term.

polyester staple fiber

The polyester staple fiber market fluctuated and weakened today. Dragged down by the weakening of raw materials, the price of staple fiber market fell weakly. There are incremental expectations for supply in the later period, while demand continues to be weak, and the supply and demand side of the market is weak. 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	2023.5.26	2023.5.25	rise and fall	units
polyester chip	60%	120%	-60%	%
polyester filament	40%	260%	-220%	%
polyester staple fiber	30%	60%	-30%	%
textile city	1116	994	+122	ten thousand meters

5. Polyester raw material market

products	2023/5/26	2023/5/25	rise and fall	units
PTA Price Index	5500	5550	-50	Yuan/ton
PTA main contract settlement	5348	5378	-30	Yuan/ton
Ethylene glycol price index	4049.96	4055.05	-5.09	Yuan/ton
Ethylene glycol main contract settlement	4043	4050	-7	Yuan/ton

6. Future outlook forecast

The PTA market for polyester raw materials is sorted out, and costs promote the market. Market confidence is insufficient, downstream demand is weakening, and market production and sales are sluggish. 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.