On July 2nd, the market price index of ethylene glycol was 4652.59, up 28.87 from the previous working day.
On July 2nd, the domestic PTA market price index was 6030, up 20% from the previous working day.
On July 2, the market price index of polyester chips was 7125, unchanged from the previous working day; the market price index of polyester bottle chips was 7025, up 25% from the previous working day.
II. Summary of market price of polyester industry chain
Product | Specifications | Market | 2024.7.2 | 2024.7.1 | Rise and fall | Remarks |
PTA | Spot | East China | 6030 | 6010 | + 20 | Self-withdrawing tax, yuan / ton |
Product | Specifications | Market | 2024.7.2 | 2024.7.1 | Rise and fall | Remarks |
Glycol | Polyester grade | East China | 4710 | 4680 | + 30 | Self-withdrawing tax, yuan / ton |
Polyester grade | South China | 4730 | 4720 | + 10 | Short delivery including tax, yuan / ton | |
Product | Specifications | Market | 2024.7.2 | 2024.7.1 | 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 | 2024.7.2 | 2024.7.1 | Rise and fall | Remarks |
Polyester bottle chip | Aquarius level (IV.=0.8) | East China | 7025 | 7000 | + 25 | Factory includes tax, yuan / ton |
Oil bottle grade | 7025 | 7000 | + 25 | Factory includes tax, yuan / ton | ||
Hot pot grade | 7025 | 7000 | + 25 | Factory includes tax, yuan / ton | ||
Carbonic acid grade | 7125 | 7100 | + 25 | Factory includes tax, yuan / ton | ||
Aquarius level (IV.=0.8) | South China | 7025 | 7000 | + 25 | Factory includes tax, yuan / ton | |
Oil bottle grade | 7025 | 7000 | + 25 | Factory includes tax, yuan / ton | ||
Hot pot grade | 7025 | 7000 | + 25 | Factory includes tax, yuan / ton | ||
Carbonic acid grade | 7125 | 7100 | + 25 | Factory includes tax, yuan / ton | ||
Product | Specifications | Market | 2024.7.2 | 2024.7.1 | Rise and fall | Remarks |
Polyester filament | Jiangsu and Zhejiang market POY150D/48F | East China | 8000 | 8000 | 0 | Factory includes tax, yuan / ton |
Jiangsu and Zhejiang market FDY150D/96F | 8500 | 8500 | 0 | 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 | 2024.7.2 | 2024.7.1 | 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 PTA in East China fluctuates at a high level, with a reference of 6030 yuan / ton. This week and next week, the main port and warehouse receipt delivery 09 contract Shengshui 40-65 near the transaction and negotiations, the spot basis is strong. The rise in the international crude oil market boosted the market, and the PTA futures market rose 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 is narrow and strong. Driven by high costs, the focus of negotiations in the ethylene glycol market continues to rise, with quotations in East China around 4710 yuan / ton, up 30 yuan / ton from the previous working day. The quotation in South China is around 4730 yuan / ton. Ethylene glycol port inventory is low, forming a support for the market. The downstream polyester load is 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 upward, market negotiations focus on a small adjustment. Downstream demand follow-up in general, market production and marketing is still weak. It is expected that the polyester chip market will maintain the finishing operation in the short term.
Polyester bottle chip
The market for polyester bottle chips rose narrowly today. Polyester raw material market is strong, the cost end to promote the market, individual bottle chip manufacturers offer up 30-50 yuan / ton, the focus of market negotiations slightly increased; 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. The high level of the polyester raw material market supports the market, the offers of mainstream polyester manufacturers remain stable, some specifications are up-regulated, and the focus of market negotiations is adjusted 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: 5992, lowest price: 5958, highest price: 6006, closing price: 6000, settlement price: 5984, up 24, position: 993091.
Ethylene glycol:EG main contract 2409 opening price: 4695, lowest price: 4679, highest price: 4708, closing price: 4700, settlement price: 4693, up 28, position: 390916.
V. production and marketing data of polyester market
Product | 2024.7.2 | 2024.7.1 | Rise and fall | Unit |
Polyester chip | 40% | 25% | + 15% | % |
Polyester filament | 40% | 35% | + 5% | % |
Polyester staple fiber | 20% | 30% | -10% | % |
VI. Future forecast
The international crude oil market is high and strong, 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.