Polyester industry chain: The cost side drives the deadlock in the polyester market

16,903

May 14, 2024, 4:11 PM

I. the market trend chart of polyester industry chain

On May 14, the market price index of ethylene glycol was 4410.76, up 34.01 from the previous working day.

On May 14, China's PTA market price index was 5765, down 5% from the previous working day.

On May 14, the market price index of polyester chips was 6825, down 25 from the previous working day; the market price index of polyester bottle chips was 6950, unchanged from the previous working day.

II. Summary of market price of polyester industry chain

Product

Specifications

Market

2024.5.14

2024.5.13

Rise and fall

Remarks

PTA

Spot

East China

5765

5770

-5

Self-withdrawing tax, yuan / ton

Product

Specifications

Market

2024.5.14

2024.5.13

Rise and fall

Remarks

Glycol

Polyester grade

East China

4395

4330

+65

Self-withdrawing tax, yuan / ton

Polyester grade

South China

4500

4480

+20

Short delivery including tax, yuan / ton

Product

Specifications

Market

2024.5.14

2024.5.13

Rise and fall

Remarks

Polyester chip

Semi-light section

East China

6825

6850

-25

Factory includes tax, yuan / ton

Light slicing

6850

6900

-50

Factory includes tax, yuan / ton

Product

Specifications

Market

2024.5.14

2024.5.13

Rise and fall

Remarks

Polyester bottle chip

Aquarius level (IV.=0.8)

East China

6950

Factory includes tax, yuan / ton

Oil bottle grade

6950

Factory includes tax, yuan / ton

Hot pot grade

6950

Factory includes tax, yuan / ton

Carbonic acid grade

7050

Factory includes tax, yuan / ton

Aquarius level (IV.=0.8)

South China

6950

Factory includes tax, yuan / ton

Oil bottle grade

6950

Factory includes tax, yuan / ton

Hot pot grade

6950

Factory includes tax, yuan / ton

Carbonic acid grade

7050

Factory includes tax, yuan / ton

Product

Specifications

Market

2024.5.14

2024.5.13

Rise and fall

Remarks

Polyester filament

Jiangsu and Zhejiang market POY150D/48F

East China

7450

Factory includes tax, yuan / ton

Jiangsu and Zhejiang market FDY150D/96F

8025

Factory includes tax, yuan / ton

Jiangsu and Zhejiang market DTY150D/48F

9000

Factory includes tax, yuan / ton

Jiangsu and Zhejiang market POY75D/72F

7800

Factory includes tax, yuan / ton

Product

Specifications

Market

2024.5.14

2024.5.13

Rise and fall

Remarks

Polyester staple yarn

Semi-glossy white 1.56: 38

Jiangsu Province

7340

7350

-10

Factory includes tax, yuan / ton

Semi-glossy white 1.56: 38

Zhejiang

7375

7400

-25

Factory includes tax, yuan / ton

III. Brief introduction of Polyester Industry chain Market

PTA

Today, the spot market of East China PTA is in a weak position, and we will consult around 5765 yuan / ton. This week and next week, the main port and warehouse receipt delivery 09 contract discount 7-15 nearby transactions and negotiations, the spot basis is weak. The cost side is weak, the market support is insufficient, and the PTA futures market weakens slightly. The rigid demand of traders and polyester factories follow up, and the market trading atmosphere is general. It is expected that the short-term market will maintain a narrow adjustment.

Glycol

Today, the market price of ethylene glycol is on the strong side. The supply side tightened, boosting the market mentality, and the focus of negotiations in the ethylene glycol market continued to rise. The quotation in East China revolved around 4395 yuan / ton, up 65 yuan / ton from the previous working day. The quotation in South China is around 4500 yuan / ton. Ethylene glycol port inventory fell, giving a boost to the market. Downstream polyester load decreased slightly, the demand side of the market support is insufficient. Lack of continuous drive in the market, the short-term ethylene glycol market is expected to fluctuate within a narrow range.

Polyester chip

Today, the polyester chip market is narrow and weak. Polyester raw materials market finishing, cost end-to-market support is general, polyester chip market shipping intention is enhanced, market negotiations focus on a narrow range of pullback. Downstream demand weakens, market production and sales decline. It is expected that the polyester chip market will maintain the finishing operation in the short term.

Polyester bottle chip

Today's polyester bottle chip market is arranged in a narrow range. Polyester raw material market finishing, cost end-to-market support is general, bottle chip manufacturers offer stable, market negotiation center of gravity narrow adjustment; downstream cautious wait-and-see, market trading downturn. It is expected that the short-term lactone bottle market may maintain finishing.

Polyester filament

Today's polyester filament market deadlock finishing. The polyester raw material market arrangement forms the support to the market, the polyester mainstream manufacturer mainstream offer is stable, some specifications slightly pullback, the market transaction center of gravity fluctuates little. Downstream demand follow-up is not good, the market production and marketing is light. It is expected that the market price of filament will tend to be sorted out in the short term.

Polyester staple fiber

Today, the market trend of polyester staple fiber is weak. Cost-end finishing is insufficient to support the market, and the focus of negotiations in the staple fiber market is slightly lower. The downstream demand is weak, and the market production and marketing is light. It is expected that the short-term market price of polyester staple fiber will be maintained.

IV. Polyester Raw material Futures Market

PTA:5 14 PTA main 2409 contract opening price: 5786, lowest price: 5760, highest price: 5798, closing price: 5766, settlement price: 5778, down 18, position: 1193673.

Ethylene glycol: may 14 EG main contract 2409 opening price: 4424, lowest price: 4413, highest price: 4468, closing price: 4460, settlement price: 4447, up 68, position: 401273.

V. production and marketing data of polyester market

Product

2024.5.14

2024.5.13

Rise and fall

Unit

Polyester chip

40%

90%

-50%

Polyester filament

40%

50%

-10%

Polyester staple fiber

40%

50%

-10%

VI. Future forecast

The international crude oil market maintains high fluctuation, forms the support to the market, the polyester raw material PTA and the ethylene glycol market supply and demand end promotion, the short-term market will be narrow range shock, the polyester raw material end support, the polyester market offer will be mainly along with the cost small adjustment, the downstream demand follow-up generally, the market production and sale is light. Short-term polyester market prices are expected to fluctuate within a narrow range. In the later stage, we should pay close attention to the changes of the raw material market and the supply and demand of polyester itself.