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The market price index of ethylene glycol was 4494.99, down 3.97 from the previous working day.
China's PTA market price index was 5910 on June 17, down 55 from the previous working day.
On June 17th, the market price index of polyester chips was 6950, up 50% from the previous working day, while the market price index of polyester bottle chips was down 25% from the previous working day.
II. Summary of market price of polyester industry chain
| Product | Specifications | Market | 2024.6.17 | 2024.6.14 | Rise and fall | Remarks |
| PTA | Spot | East China | 5910 | 5965 | -55 | Self-withdrawing tax, yuan / ton |
| Product | Specifications | Market | 2024.6.17 | 2024.6.14 | Rise and fall | Remarks |
| Glycol | Polyester grade | East China | 4460 | 4465 | -5 | Self-withdrawing tax, yuan / ton |
| Polyester grade | South China | 4530 | 4540 | -10 | Short delivery including tax, yuan / ton | |
| Product | Specifications | Market | 2024.6.17 | 2024.6.14 | Rise and fall | Remarks |
| Polyester chip | Semi-light section | East China | 6950 | 6900 | +50 | Factory includes tax, yuan / ton |
| Light slicing | 6975 | 6925 | +50 | Factory includes tax, yuan / ton | ||
| Product | Specifications | Market | 2024.6.17 | 2024.6.14 | Rise and fall | Remarks |
| Polyester bottle chip | Aquarius level (IV.=0.8) | East China | 6950 | 6975 | -25 | Factory includes tax, yuan / ton |
| Oil bottle grade | 6950 | 6975 | -25 | Factory includes tax, yuan / ton | ||
| Hot pot grade | 6950 | 6975 | -25 | Factory includes tax, yuan / ton | ||
| Carbonic acid grade | 7050 | 7075 | -25 | Factory includes tax, yuan / ton | ||
| Aquarius level (IV.=0.8) | South China | 6950 | 6975 | -25 | Factory includes tax, yuan / ton | |
| Oil bottle grade | 6950 | 6975 | -25 | Factory includes tax, yuan / ton | ||
| Hot pot grade | 6950 | 6975 | -25 | Factory includes tax, yuan / ton | ||
| Carbonic acid grade | 7050 | 7075 | -25 | Factory includes tax, yuan / ton | ||
| Product | Specifications | Market | 2024.6.17 | 2024.6.14 | Rise and fall | Remarks |
| Polyester filament | Jiangsu and Zhejiang market POY150D/48F | East China | 7875 | 7875 | 0 | Factory includes tax, yuan / ton |
| Jiangsu and Zhejiang market FDY150D/96F | 8325 | 8325 | 0 | Factory includes tax, yuan / ton | ||
| Jiangsu and Zhejiang market DTY150D/48F | 9325 | 9325 | 0 | Factory includes tax, yuan / ton | ||
| Jiangsu and Zhejiang market POY75D/72F | 8050 | 8050 | 0 | Factory includes tax, yuan / ton | ||
| Product | Specifications | Market | 2024.6.17 | 2024.6.14 | Rise and fall | Remarks |
| Polyester staple yarn | Semi-glossy white 1.56: 38 | Jiangsu Province | 7450 | 7460 | -10 | Factory includes tax, yuan / ton |
| Semi-glossy white 1.56: 38 | Zhejiang | 7475 | 7475 | 0 | Factory includes tax, yuan / ton |
PTA
Today, the spot market of PTA in East China fell narrowly, with a reference of 5910 yuan / ton. This week and next week, the main port and warehouse receipt delivery 09 contract Shengshui 5-20 near the transaction and negotiations, the spot basis weakened. The atmosphere of China's commodity market is weak, suppressing the market mentality, and the PTA futures market is slightly lower. The rigid demand of traders and polyester factories follow up, and the market trading atmosphere is general. It is expected that the short-term PTA market will maintain a narrow adjustment.
Glycol
Today, the market price of ethylene glycol is weak. The weak commodity atmosphere suppressed the market mentality, and the focus of ethylene glycol market negotiations fell slightly. The quotation in East China revolved around 4460 yuan / ton, down 5 yuan / ton compared with the previous working day. The quotation in South China is around 4530 yuan / ton. Ethylene glycol port inventory is slightly removed, which is generally supportive to the market. The downstream polyester load remains high and the market rigid demand is stable. Lack of continuous drive in the market, the short-term ethylene glycol market is expected to fluctuate within a narrow range.
Polyester chip
Polyester chip market rose narrowly today. High-end cost support, low inventory of polyester chip manufacturers, coupled with the pressure of long-term losses, manufacturers' offer has been raised, and the focus of market negotiations has increased slightly. 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, the market for polyester bottle chips is weak. Polyester raw material market is weak, the cost end to the market support is insufficient, some bottle chip manufacturers offer down 50 yuan / ton, the focus of market negotiations tend to be low-end; downstream cautious wait-and-see, light market trading. It is expected that the short-term lactone bottle chip market may maintain finishing.
Polyester filament
Today's polyester filament market deadlock finishing. Polyester raw materials market weakening market support in general, polyester mainstream manufacturers stable price shipments, the focus of market transactions slightly adjusted. The downstream demand remains weak, and the market production and marketing is depressed. It is expected that the market price of filament will tend to be sorted out in the short term.
Polyester staple fiber
The market of polyester staple fiber is weak today. The cost end falls to the market support is insufficient, under the short fiber market tight support, the negotiation center of gravity falls slightly. Downstream demand follow-up is not good, market production and sales are weak. It is expected that the short-term market price of polyester staple fiber will be maintained.
IV. Polyester Raw material Futures Market
PTA:6 17 PTA main 2409 contract opening price: 5946, lowest price: 5860, highest price: 5958, closing price: 5862, settlement price: 5902, down 86, position: 766068.
Ethylene glycol: June 17 EG main contract 2409 opening price: 4489, lowest price: 4470, highest price: 4508, closing price: 4474, settlement price: 4491, down 38, position: 323746.
V. production and marketing data of polyester market
| Product | 2024.6.17 | 2024.6.14 | Rise and fall | Unit |
| Polyester chip | 50% | 65% | -10% | % |
| Polyester filament | 40% | 50% | -10% | % |
| Polyester staple fiber | 40% | 100% | -60% | % |
VI. Future forecast
The atmosphere of China's commodity market is weak, suppressing the formation of the market, polyester raw materials PTA and ethylene glycol market supply and demand end promotion, it is expected that the short-term market will be weak shock, polyester raw material end support, polyester market offer will be mainly adjusted slightly with the cost, downstream rigid demand follow up, market production and sales weakens. 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.
