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On July 1st, the market price index of ethylene glycol was 4623.72, up 34.91 from the previous working day.
On July 1st, the domestic PTA market price index was 6010, down 20% from the previous working day.
On July 1st, the market price index of polyester chips was 7125, which was the same as that of the previous working day, while that of polyester bottle chips was 7000, which was the same as that of the previous working day.
II. Summary of market price of polyester industry chain
| Product | Specifications | Market | 2024.7.1 | 2024.6.28 | Rise and fall | Remarks |
| PTA | Spot | East China | 6010 | 6030 | -20 | Self-withdrawing tax, yuan / ton |
| Product | Specifications | Market | 2024.7.1 | 2024.6.28 | Rise and fall | Remarks |
| Glycol | Polyester grade | East China | 4680 | 4630 | + 50 | Self-withdrawing tax, yuan / ton |
| Polyester grade | South China | 4720 | 4650 | + 70 | Short delivery including tax, yuan / ton | |
| Product | Specifications | Market | 2024.7.1 | 2024.6.28 | Rise and fall | Remarks |
| Polyester chip | Semi-light section | East China | 7125 | 7125 | 0 | Factory includes tax, yuan / ton |
| Light slicing | 7125 | 7125 | 0 | Factory includes tax, yuan / ton | ||
| Product | Specifications | Market | 2024.7.1 | 2024.6.28 | Rise and fall | Remarks |
| Polyester bottle chip | Aquarius level (IV.=0.8) | East China | 7000 | 7000 | 0 | Factory includes tax, yuan / ton |
| Oil bottle grade | 7000 | 7000 | 0 | Factory includes tax, yuan / ton | ||
| Hot pot grade | 7000 | 7000 | 0 | Factory includes tax, yuan / ton | ||
| Carbonic acid grade | 7100 | 7100 | 0 | Factory includes tax, yuan / ton | ||
| Aquarius level (IV.=0.8) | South China | 7000 | 7000 | 0 | Factory includes tax, yuan / ton | |
| Oil bottle grade | 7000 | 7000 | 0 | Factory includes tax, yuan / ton | ||
| Hot pot grade | 7000 | 7000 | 0 | Factory includes tax, yuan / ton | ||
| Carbonic acid grade | 7100 | 7100 | 0 | Factory includes tax, yuan / ton | ||
| Product | Specifications | Market | 2024.7.1 | 2024.6.28 | Rise and fall | Remarks |
| Polyester filament | Jiangsu and Zhejiang market POY150D/48F | East China | 8000 | 7975 | + 25 | Factory includes tax, yuan / ton |
| Jiangsu and Zhejiang market FDY150D/96F | 8500 | 8400 | + 100 | Factory includes tax, yuan / ton | ||
| Jiangsu and Zhejiang market DTY150D/48F | 9400 | 9400 | 0 | Factory includes tax, yuan / ton | ||
| Jiangsu and Zhejiang market POY75D/72F | 8150 | 8150 | 0 | Factory includes tax, yuan / ton | ||
| Product | Specifications | Market | 2024.7.1 | 2024.6.28 | Rise and fall | Remarks |
| Polyester staple yarn | Semi-glossy white 1.56: 38 | Jiangsu Province | 7775 | 7775 | 0 | Factory includes tax, yuan / ton |
| Semi-glossy white 1.56: 38 | Zhejiang | 7800 | 7800 | 0 | Factory includes tax, yuan / ton |
PTA
Today, the spot market of East China PTA maintains a high level of volatility, with a reference of 6010 yuan / ton. This week and next week, the main port and warehouse receipt delivery 09 contract Shengshui 35-40 near the transaction and negotiations, the spot basis is stable. The high level of the international crude oil market supports the market, and the PTA futures market fluctuates 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 PTA market will maintain a narrow adjustment.
Glycol
Today, the market price of ethylene glycol continues to strengthen. The supply and demand side is strong, supporting the market mentality, the focus of ethylene glycol market negotiations rose slightly, East China quotation around 4680 yuan / ton, up 50 yuan / ton compared with the previous working day. The quotation in South China is around 4720 yuan / ton. Ethylene glycol port inventory is low, forming a support for 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's polyester chip market is narrowly arranged. Polyester raw material market is high, cost end support, polyester chip manufacturers offer stable, some manufacturers offer continues to increase, market negotiations focus on a small adjustment. 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 for polyester bottle chips fluctuates within a narrow range. The polyester raw material market is high, the cost end-to-market support is stable, the mainstream bottle chip manufacturers offer stable, the market negotiation center of gravity is adjusted slightly; downstream cautious wait-and-see, market trading is light. It is expected that the short-term lactone bottle chip market may maintain finishing.
Polyester filament
Today, the market for polyester filament is narrow and strong. The high level of the polyester raw material market forms the support to the market, the polyester mainstream manufacturer's offer maintains the high level, part of the specification offer increases, the market negotiation center of gravity rises slightly. The downstream demand is light, and 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's polyester staple market horizontal finishing. The high cost end has a solid support for the market, and the focus of the staple fiber market has been slightly adjusted. 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: 6000, lowest price: 5956, highest price: 6000, closing price: 5982, settlement price: 5976, down 8, position: 975885.
Ethylene glycol:EG main contract 2409 opening price: 4650, lowest price: 4635, highest price: 4695, closing price: 4695, settlement price: 4672, up 55, position: 383736.
V. production and marketing data of polyester market
| Product | 2024.7.1 | 2024.6.28 | Rise and fall | Unit |
| Polyester chip | 25% | 60% | -35% | % |
| Polyester filament | 35% | 55% | -20% | % |
| Polyester staple fiber | 30% | 25% | + 5% | % |
VI. Future forecast
The international crude oil market remains high, the cost end promotes the market, the supply and demand side of polyester raw material PTA and ethylene glycol market support, it is expected that the short-term market will be high shock, polyester raw material end support, polyester market offer will be mainly adjusted slightly with the cost, downstream demand is weak, 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.
