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Polyester industry chain: The raw material end rises, the polyester market continues to strengthen

100,865
June 25, 2024, 4:16 PM
  1. Market trend chart of polyester industry chain

On June 25, the market price index of ethylene glycol was 4543.16, up 26.20 from the previous working day.

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On June 25th, the domestic PTA market price index was 5980, up 70% from the previous working day.

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On June 25, the market price index of polyester chips was 7050, up 50% from the previous working day; and the market price index of polyester bottle chips was 6975, up 25% from the previous working day.

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II. Summary of market price of polyester industry chain

ProductSpecificationsMarket2024.6.252024.6.24Rise and fallRemarks
PTASpotEast China59805910+ 70Self-withdrawing tax, yuan / ton
ProductSpecificationsMarket2024.6.252024.6.24Rise and fallRemarks
GlycolPolyester gradeEast China45454510+ 35Self-withdrawing tax, yuan / ton
Polyester gradeSouth China46204560+ 60Short delivery including tax, yuan / ton
ProductSpecificationsMarket2024.6.252024.6.24Rise and fallRemarks
Polyester chipSemi-light sectionEast China70507000+ 50Factory includes tax, yuan / ton
Light slicing70757025+ 50Factory includes tax, yuan / ton
ProductSpecificationsMarket2024.6.252024.6.24Rise and fallRemarks
Polyester bottle chipAquarius level (IV.=0.8)East China69756950+ 25Factory includes tax, yuan / ton
Oil bottle grade69756950+ 25Factory includes tax, yuan / ton
Hot pot grade69756950+ 25Factory includes tax, yuan / ton
Carbonic acid grade70757050+ 25Factory includes tax, yuan / ton
Aquarius level (IV.=0.8)South China69756950+ 25Factory includes tax, yuan / ton
Oil bottle grade69756950+ 25Factory includes tax, yuan / ton
Hot pot grade69756950+ 25Factory includes tax, yuan / ton
Carbonic acid grade70757050+ 25Factory includes tax, yuan / ton
ProductSpecificationsMarket2024.6.252024.6.24Rise and fallRemarks
Polyester filamentJiangsu and Zhejiang market POY150D/48FEast China79757925+ 50Factory includes tax, yuan / ton
Jiangsu and Zhejiang market FDY150D/96F840084000Factory includes tax, yuan / ton
Jiangsu and Zhejiang market DTY150D/48F940094000Factory includes tax, yuan / ton
Jiangsu and Zhejiang market POY75D/72F815081500Factory includes tax, yuan / ton
ProductSpecificationsMarket2024.6.252024.6.24Rise and fallRemarks
Polyester staple yarnSemi-glossy white 1.56: 38Jiangsu Province78507800+ 50Factory includes tax, yuan / ton
Semi-glossy white 1.56: 38Zhejiang78257800+ 25Factory includes tax, yuan / ton
  1. Brief introduction of Polyester Industry chain Market

PTA

Today, the spot market of PTA in East China is fluctuating and rising, with a reference of 5980 yuan / ton. This week and next week, the main port and warehouse receipt delivery 09 contract Shengshui 20-30 near the transaction and negotiations, the spot basis is strong. The international crude oil market rose, the market support was strengthened, and the PTA futures market rose. 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 narrow and strong. The international crude oil market is rising, the commodity market atmosphere is strong, and the focus of negotiations in the ethylene glycol market has risen slightly. The price quoted in East China is around 4545 yuan / ton, up 35 yuan / ton from the previous working day. The quotation in South China is around 4620 yuan / ton. Ethylene glycol port inventory decline, supporting 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

Today, the polyester chip market is narrow and strong. The market of polyester raw materials is rising, driven by the cost end, polyester chip manufacturers are shipping at a price, and the focus of market negotiations is rising. Downstream demand follow-up is general, market production and marketing is relatively weak. It is expected that the polyester chip market will maintain the finishing operation in the short term.

Polyester bottle chip

Today, the market of polyester bottle chips is strong. Polyester raw material market is stronger, cost end-to-market support, bottle chip manufacturers offer up 50 yuan / ton, the focus of market negotiations rose slightly; 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 high-end finishing. Polyester raw material market is strong to support the market, polyester mainstream manufacturers offer stability, individual specifications continue to rise, the market talks focus on a small adjustment. Downstream demand weakens, the market production and marketing is depressed. It is expected that the market price of filament will be arranged in a narrow range in the short term.

Polyester staple fiber

Today, the market for polyester staple fiber is narrow and strong. Cost-side rise to promote the formation of the market, staple fiber manufacturers continue to push up the price of shipments, the focus of market negotiations rose slightly. Downstream cautious wait-and-see, the market production and sales light. It is expected that the short-term market price of polyester staple fiber will be maintained.

IV. Polyester Raw material Futures Market

PTA:PTA main force 2409 contract opening price: 5938, lowest price: 5920, highest price: 6002, closing price: 5988, settlement price: 5964, up 68, position: 918525.

Ethylene glycol:June 25th EG main contract 2409 opening price: 4551, lowest price: 4543, highest price: 4595, closing price: 4594, settlement price: 4568, up, position: 328026.

V. production and marketing data of polyester market

Product2024.6.252024.6.24Rise and fallUnit
Polyester chip30%30%0%%
Polyester filament40%65%-25%%
Polyester staple fiber20%30%-10%%

VI. Future forecast

The international crude oil market is high, the cost end forms the impetus to the market, the polyester raw material PTA and the ethylene glycol market supply and demand end support, the short-term market will be high shock, the polyester raw material end support, the polyester market offer will be mainly adjusted slightly with the cost, the downstream demand is weak, the market production and marketing 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.