PET-Resin rPET – Feedstock increase – Global Oil Prices Dip Following Angola’s OPEC Exit Announcement : Will other countries follow Nigeria? 26-12-2023
“The right choice for your production”
PET-Resin rPET
- Polymers : PET – r-PET – Filament grade semidull chips -Filament grade bright chips – Ny6 – Ny66 – PP
- Feedstocks PX – PTA – MEG – CPL – Adipic Acid – Benzene – ACN – Ethylene – Phenol – Naphtha
- Textile : Polyester POY – DTY – FDY – PSF – Recycled Polyester POY – Nylon POY – DTY – FDY Spandex 20-30-40 -Viscose Staple Fiber VSF Acrylic Staple Fiber
PET-Resin rPET
| Polyestertime | |||
| ITEM | 18/12/2023 | 26/12/2023 | +/- |
| Bottle grade PET chips domestic market | 6,800 yuan/ton | 6,925 yuan/ton | +125 |
| Bottle grade PET chips export market | 875 $/ton | 885 $/ton | +10 |
| Filament grade Semidull chips domestic market | 6,620 yuan/ton | 6,730 yuan/ton | +110 |
| Filament grade Bright chips domestic market | 6,640 yuan/ton | 6,730 yuan/ton | +90 |
| Pure Terephthalic Acid PTA domestic market | 5,655 yuan/ton | 5,850 yuan/ton | +195 |
| Pure Terephthalic Acid PTA export market | 700 $/ton | 730 $/ton |
+30
|
| Monoethyleneglycol MEG domestic market | 4,160 yuan/ton | 4,380 yuan/ton | +220 |
| Monoethyleneglycol MEG export market | 492 $/ton | 517 $/ton | +25 |
| Paraxylene PX FOB Taiwan market
PET-Resin rPET |
982 $/ton | 1,024 $/ton |
+42 |
| Paraxylene PX FOB Korea market | 959 $/ton | 1,001 $/ton | +42 |
| Paraxylene PX FOB EU market | 1,005 $/ton | 1,050 $/ton | +45 |
| Polyester filament POY 150D/48F domestic market | 7,400 yuan/ton | 7,600 yuan/ton |
+200 |
| Recycled Polyester filament POY domestic market | 7,500 yuan/ton | 7,550 yuan/ton | +50 |
| Polyester filament DTY 150D/48 F domestic market | 8,820 yuan/ton | 8,900 yuan/ton | +80 |
| Polyester filament FDY 68D24F
PPET-Resin rPET |
8,800 yuan/ton | 8,900 yuan/ton | +100 |
| Polyester filament FDY 150D/96F domestic market | 8,100 yuan/ton | 8,225 yuan/ton | +125 |
| Polyester staple fiber 1.4D 38mm domestic market | 7,180 yuan/ton | 7,300 yuan/ton | +120 |
| Caprolactam CPL domestic market | 13,000 yuan/ton | 13,750 yuan/ton |
+750 |
| Caprolactam CPL overseas market | 1,600 $/ton | 1,600 $/ton | – |
| Nylon 6 chips overseas market | 1,850 $/ton | 1,850 $/ton | – |
| Nylon 6 chips conventional spinning domestic market | 13,950 yuan/ton | 14,350 yuan/ton | +400 |
| Nylon 6 chips high speed spinning domestic market
PET-Resin rPET |
14,250 yuan/ton | 14,600 yuan/ton | +350 |
| Nylon 6.6 chips domestic market | 19,600 yuan/ton | 19,600 yuan/ton | – |
| Nylon6 Filament POY 86D/24F domestic market | 16,350 yuan/ton | 16,600 yuan/ton | +250 |
| Nylon6 Filament DTY 70D/24F domestic market | 18,500 yuan/ton | 18,850 yuan/ton- | +350 |
| Nylon6 Filament FDY 70D/24F | 17,050 yuan/ton | 17,450 yuan/ton | +400 |
| Spandex 20D domestic market
PET-Resin rPET |
35,000 yuan/ton | 34,500 yuan/ton | -500 |
| Spandex 30D domestic market | 33,500 yuan/ton | 33,000 yuan/ton | -500 |
| Spandex 40D domestic market | 30,500 yuan/ton | 30,000 yuan/ton | -500 |
| Adipic Acid domestic market | 8,650 yuan/ton | 9,100 yuan/ton | +450 |
| Benzene domestic market
PET-Resin rPET |
7,000 yuan/ton | 7,280 yuan/ton | +280 |
| Benzene overseas market | 866 $/ton | 882 $/ton | +16 |
| Ethylene South East market | 850 $/ton | 850 $/ton | – |
| Ethylene NWE market | 744 $/ton | 744 $/ton | – |
| Acrylonitrile ACN domestic market
PET-Resin rPET |
9,700 yuan/ton | 9,700 yuan/ton | – |
| Acrylonitrile ACN overseas market | 1,200 $/ton | 1,200 $/ton | – |
| Acrylic staple fiber ASF domestic market | 14,600 yuan/ton | 14,600 yuan/ton | – |
| Viscose Staple Fiber VSF domestic market | 12,800 yuan/ton | 12,650 yuan/ton | -150 |
| PP Powder domestic market
PET-Resin rPET |
7,300 yuan/ton | 7,330 yuan/ton | +30 |
| Naphtha overseas market | 683 $/ton | 674 $/ton | -9 |
| Phenol domestic market | 7,862 yuan/ton | 7,725 yuan/ton | -87 |
r-PET high end eco-friendly chips =7,900 yuan/ton — 7,900 yuan/ton –
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PET-Resin rPET
Global Oil Prices Dip Following Angola’s OPEC Exit Announcement
Global oil prices took a hit on Thursday as news emerged of Angola’s decision to withdraw its membership from the OPEC. The country’s move has raised concerns about OPEC’s ongoing efforts to support oil prices by controlling the supply in the global market.
The announcement of Angola’s impending exit from OPEC sent shockwaves through the industry, resulting in a $1 decrease in oil benchmarks. The country’s oil minister, Diamantino Azevedo, asserted that remaining part of OPEC was not in Angola’s best interests. Over the past few months, OPEC, led by Saudi Arabia, has been rallying support for reducing output and driving up oil prices. PET-Resin rPET
Shipping tracking firm Kpler’s Matt Smith suggested that OPEC appears to be losing its battle to keep prices high, especially as non-OPEC producers like the U.S. increase production to fill the emerging supply gap. Angola’s daily oil production, which is around 1.1 million barrels, is a small percentage of OPEC’s total daily output of 28 million barrels.
Angola might be one of the smaller contributors to OPEC’s output, but its decision to leave the group has prompted questions about OPEC’s unity and future strategy. However, Smith also pointed out that the impact of Angola’s departure on global supplies could be relatively minor. PET-Resin rPET
