Petrochemicals Recycled Polyester – Will both polymer and raw materials increase strongly? 31-07-2023
Petrochemicals Recycled Polyester
- Polymers : PET – r-PET – Filament grade semidull chips -Filament grade bright chips – Ny6 – My66 – 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
| Polyestertime | |||
| ITEM | 24/07/2023 | 31/07/2023 | +/- |
| Bottle grade PET chips domestic market | 7,025 yuan/ton | 7,200 yuan/ton | +175 |
| Bottle grade PET chips export market | 905 $/ton | 915 $/ton | +10 |
| Filament grade Semidull chips domestic market | 6,800 yuan/ton | 6,900 yuan/ton | +100 |
| Filament grade Bright chips domestic market | 6,820 yuan/ton | 6,920 yuan/ton | +100 |
| Pure Terephthalic Acid PTA domestic market | 5,860yuan/ton | 6,035 yuan/ton | +175 |
| Pure Terephthalic Acid PTA export market | 800 $/ton | 800 $/ton | – |
| Monoethyleneglycol MEG domestic market | 4,020 yuan/ton | 4,130 yuan/ton | +110 |
| Monoethyleneglycol MEG export market | 472 $/ton | 484 $/ton | 12 |
| Paraxylene PX FOB Taiwan market
Petrochemicals Recycled Polyester |
1,047 $/ton | 1,097 $/ton |
+50 |
| Paraxylene PX FOB Korea market | 1,024 $/ton | 1,074 $/ton | +50 |
| Paraxylene PX FOB EU market | 1,130 $/ton | 1,190 $/ton | +60 |
| Polyester filament POY 150D/48F domestic market | 7,600 yuan/ton | 7,680 yuan/ton |
+80 |
| Recycled Polyester filament POY domestic market | 7,250 yuan/ton | 7,250 yuan/ton | – |
| Polyester filament DTY 150D/48 F domestic market | 9,150 yuan/ton | 9,225 yuan/ton | +75 |
| Polyester filament FDY 68D24F
Petrochemicals Recycled Polyester |
8,700 yuan/ton | 8,800 yuan/ton | +100 |
| Polyester filament FDY 150D/96F domestic market | 8,250 yuan/ton | 8,350 yuan/ton | +100 |
| Polyester staple fiber 1.4D 38mm domestic market | 7,350 yuan/ton | 7,500 yuan/ton | +150 |
| Caprolactam CPL domestic market | 12,400 yuan/ton | 12,850 yuan/ton |
+450 |
| Caprolactam CPL overseas market | 1,500 $/ton | 1,550 $/ton | +50 |
| Nylon 6 chips overseas market | 1,720 $/ton | 1,740 $/ton | +20 |
| Nylon 6 chips conventional spinning domestic market | 13,050 yuan/ton | 13,400 yuan/ton | +350 |
| Nylon 6 chips high speed spinning domestic market
Petrochemicals Recycled Polyester |
13,450 yuan/ton | 14,000 yuan/ton | +550 |
| Nylon 6.6 chips domestic market | 18,000 yuan/ton | 18,000 yuan/ton | – |
| Nylon6 Filament POY 86D/24F domestic market | 15,650 yuan/ton | 16,100 yuan/ton | +450 |
| Nylon6 Filament DTY 70D/24F domestic market | 17,800 yuan/ton | 18,350 yuan/ton- | +550 |
| Nylon6 Filament FDY 70D/24F | 16,600 yuan/ton | 16,800 yuan/ton | +200 |
| Spandex 20D domestic market
Petrochemicals Recycled Polyester |
36,500 yuan/ton | 36,500 yuan/ton | – |
| Spandex 30D domestic market | 35,000 yuan/ton | 35,000 yuan/ton | – |
| Spandex 40D domestic market | 31,500 yuan/ton | 31,500 yuan/ton | – |
| Adipic Acid domestic market | 9,050 yuan/ton | 9,500 yuan/ton | +450 |
| Benzene domestic market
Petrochemicals Recycled Polyester |
6,970 yuan/ton | 7,465 yuan/ton | +495 |
| Benzene overseas market | 847 $/ton | 873 $/ton | +26 |
| Ethylene South East market | 745 $/ton | 770 $/ton | +25 |
| Ethylene NWE market | 635 $/ton | 644 $/ton | +9 |
| Acrylonitrile ACN domestic market
Petrochemicals Recycled Polyester |
8,000 yuan/ton | 7,900 yuan/ton | -100 |
| Acrylonitrile ACN overseas market | 1,250 $/ton | 1,200 $/ton | -50 |
| Acrylic staple fiber ASF domestic market | 13,600 yuan/ton | 13,600 yuan/ton | – |
| Viscose Staple Fiber VSF domestic market | 12,650 yuan/ton | 12,600 yuan/ton | -50 |
| PP Powder domestic market
Petrochemicals Recycled Polyester |
7,040 yuan/ton | 7,100 yuan/ton | +60 |
| Naphtha overseas market | 601 $/ton | 639 $/ton | +38 |
| Phenol domestic market | 7,300 yuan/ton | 8,225 yuan/ton | +925 |
r-PET high end eco-friendly chips =7,950 yuan/ton — 7,750 yuan/ton -200
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Petrochemicals Recycled Polyester
PVC Prices Continue to Decline in Europe Amidst Weak Demand and Market Challenges
During the month of July, the European polyvinyl chloride (PVC) market experienced a further decline in prices, as the summer season ushered in a period of low demand. Discussions centered on contract price negotiations, with market players witnessing a double-digit drop in the range of EUR20 to EUR60 per tonne. Producers attempted to safeguard their margins by resisting a EUR20 per tonne reduction in the cost of ethylene, but their efforts largely proved unsuccessful. Petrochemicals Recycled Polyester
As a result of these developments, the average spot prices for PVC in the EU plummeted to EUR880 per tonne FD (free shipping), representing a significant EUR50 per tonne decrease since the beginning of the month. The situation has been further exacerbated by soaring energy prices and a subdued outlook for the construction sector. These factors continue to pose major threats to the PVC industry in 2023, and many market participants do not foresee any significant recovery until the end of the year or even beyond.
The construction industry, a key consumer of PVC products, is grappling with weak demand for building materials. Additionally, inflation and high interest rates are exerting pressure on the market, further dampening prospects for growth. The Eurozone BOHS Construction PMI witnessed a decline from 44.6 in May to 44.2 in June 2023, signaling the ongoing struggles in the sector throughout the year. Consequently, the total housing construction for 2023 is anticipated to be lower than that of the previous year.
The increased supplies of PVC in the European region can be attributed to higher volumes of PVC imports during the first and second quarters. Import volumes have shown consistent growth between January and April. However, the possibility for further imports over the summer has reduced due to a decrease in arbitrage deals between the U.S. and Europe. Petrochemicals Recycled Polyester
Earlier in the year, reports indicated that chlorine production in Europe during May remained low, reaching record-low levels of production for the year. Conversely, stocks of caustic soda observed an increase compared to the previous year. In May 2023, chlorine production in Europe reached 622,028 thousand tons. While the average daily chlorine production in May marginally increased by 0.3% compared to April, it was significantly lower by 16.9% than that of May 2022.
In Russia, according to MRC’s ScanPlast review, the estimated consumption of unmixed PVC (excluding exports to Belarus) for the first five months of the year amounted to 400.42 thousand tons, marking a decline of 7% compared to the same period the previous year. The demand for suspension PVC experienced a similar 7% decrease, while the demand for emulsion remained stable at the previous year’s level.
In conclusion, the PVC market in Europe has continued to face challenges during July, with prices declining amid weak demand and a challenging business environment. The construction industry’s struggles and uncertainties related to energy prices remain significant obstacles to the recovery of the PVC sector. Petrochemicals Recycled Polyester
As market participants look ahead, it seems that a full rebound may not materialize until the latter part of the year or even longer, leaving the industry cautiously navigating these trying times.
