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Polyester industry chain: weakening cost support and adjustment of market weakness

113,657
June 5, 2023, 4:39 PM

I. the market trend chart of polyester industry chain

On June 5th, the market price index of ethylene glycol was 4025.15, up 12.04 from the previous working day.

 

On June 5th, China's PTA market price index was 5650, up 15% from the previous working day.

 

On June 5, the market price index of polyester chips was 6775, down 25 from yesterday. The market price index of polyester bottle chips was 6950, down 50% from yesterday.

 

II. Summary of market price of polyester industry chain

Product

Specifications

Market

2023.6.5

2023.6.2

Rise and fall

Remarks

PTA

Spot

East China

5650

5635

+15

Self-withdrawing tax, yuan / ton

Product

Specifications

Market

2023.6.5

2023.6.2

Rise and fall

Remarks

Glycol

Polyester grade

East China

3985

3964

+21

Self-withdrawing tax, yuan / ton

Polyester grade

South China

4150

4150

0

Short delivery including tax, yuan / ton

Product

Specifications

Market

2023.6.5

2023.6.2

Rise and fall

Remarks

Polyester chip

Semi-light section

East China

6775

6800

-25

Factory includes tax, yuan / ton

Light slicing

6750

6775

-25

Factory includes tax, yuan / ton

Product

Specifications

Market

2023.6.5

2023.6.2

Rise and fall

Remarks

Polyester bottle chip

Aquarius level (IV.=0.8)

East China

6950

7025

-75

Factory includes tax, yuan / ton

Oil bottle grade

6950

7025

-75

Factory includes tax, yuan / ton

Hot pot grade

6950

7025

-75

Factory includes tax, yuan / ton

Carbonic acid grade

7050

7125

-75

Factory includes tax, yuan / ton

Aquarius level (IV.=0.8)

South China

6950

7025

-75

Factory includes tax, yuan / ton

Oil bottle grade

6950

7025

-75

Factory includes tax, yuan / ton

Hot pot grade

6950

7025

-75

Factory includes tax, yuan / ton

Carbonic acid grade

7050

7125

-75

Factory includes tax, yuan / ton

Product

Specifications

Market

2023.6.5

2023.6.2

Rise and fall

Remarks

Polyester filament

Jiangsu and Zhejiang market POY150D/48F

East China

7400

7400

0

Factory includes tax, yuan / ton

Jiangsu and Zhejiang market FDY150D/96F

8075

8075

0

Factory includes tax, yuan / ton

Jiangsu and Zhejiang market DTY150D/48F

8850

8850

0

Factory includes tax, yuan / ton

Jiangsu and Zhejiang market POY75D/72F

7800

7700

+100

Factory includes tax, yuan / ton

Product

Specifications

Market

2023.6.5

2023.6.2

Rise and fall

Remarks

Polyester staple yarn

Semi-glossy white 1.56: 38

Jiangsu Province

7300

7350

-50

Factory includes tax, yuan / ton

Semi-glossy white 1.56: 38

Zhejiang

7300

7300

0

Factory includes tax, yuan / ton

III. Brief introduction of Polyester Industry chain Market

PTA

Today, the East China market PTA spot market narrow arrangement, negotiations around 5650 yuan / ton. This week and next week, the main port delivery 09 litres of water 125-130 near the transaction and negotiations, the next June delivery of 09 litres of water 125 near the transaction and negotiations. Buying rigid demand-based, spot trading atmosphere is not good. The early maintenance equipment will be restarted one after another, the supply pressure will gradually appear, the demand follow-up will be insufficient, and the supply and demand side will be weak. The short-term market is expected to maintain range volatility.

Glycol

Today, the market price of ethylene glycol is adjusted in a narrow range. The upward price of crude oil supports the market, with quotations in East China around 3985 yuan / ton, up 21 yuan / ton from the previous working day. The quotation in South China is around 4150 yuan / ton, which remains stable. Although China's supply is expected to increase, the demand side performs well, inventories continue to decline, and the short-term market is expected to maintain a volatile trend.

Polyester chip

Today, the polyester chip market is narrow and weak. Polyester raw materials PTA market to maintain finishing, slicing factory offer a small adjustment, the market mainstream price is weak and stable. Downstream cautious sentiment is strong, the market transaction atmosphere is weak. It is expected that the market price of polyester chips will be adjusted narrowly with the cost in the short term.

Polyester bottle chip

Today, the market center of gravity in the polyester bottle market has dropped slightly. Polyester raw material PTA price finishing, mainstream bottle chip manufacturers offer temporarily stable, with Sanfang Lane and Wankai Chongqing new plant capacity put in, lack of market confidence, dealers offer a small pullback; downstream cautious wait-and-see-based, market trading atmosphere is general. It is expected that the short-term lactone bottle chip market may fluctuate in a narrow range.

Polyester filament

Today's polyester filament market fluctuates in a narrow range. Cost weakens in the face of market promotion, polyester manufacturers hesitate to sell at low prices, local quotations rise narrowly, and low-end market negotiations are reduced. Downstream rigid demand replenishment, market production and sales light. It is expected that the market price of filament will remain in a narrow range in the short term.

Polyester staple fiber

Today's polyester staple market fluctuates in a narrow range. The cost support is insufficient, and the market price of staple fiber is adjusted slightly. Downstream demand is weak, the market production and marketing is general. It is expected that the market price of short-term polyester staple fiber will fluctuate in a narrow range.

IV. Polyester Raw material Futures Market

PTA:6 May 5 PTA main force 2309 contract opening price: 5582, lowest price: 5490, highest price: 5606, closing price: 5544, settlement price: 5542, up 14, position: 1617128.

 

Ethylene glycol: EG main contract 2309 opening price: 4072, lowest price: 4043, highest price: 4094, closing price: 4056, settlement price: 4068, up 19, position: 467659.

V. production and marketing data of polyester market

Product

2023.6.5

2023.6.2

Rise and fall

Unit

Polyester chip

55%

50%

+5%

%

Polyester filament

50%

75%

-25%

%

Polyester staple fiber

35%

40%

-5%

%

VI. Future forecast

The international crude oil market remains strong, and the market supply of polyester raw materials PTA and ethylene glycol is expected to increase. However, under the support of rigid demand, the market will tend to be sorted out and the cost will promote the market. The market is mainly cautious wait-and-see, terminal weaving into the off-season, enterprise rigid demand replenishment, market production and marketing in general. It is expected that the short-term polyester market price may be narrowly adjusted with the cost. Pay attention to the changes of raw material market and demand side in the later stage.