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On July 5th, the market price index of ethylene glycol was 4661.96, down 15.05 from the previous working day.
On July 5th, the domestic PTA market price index was 6025, down 80% from the previous working day.
On July 5th, the market price index of polyester chips was 7150, down 25% from the previous working day; the market price index of polyester bottle chips was 7125, down 25% from the previous working day.
II. Summary of market price of polyester industry chain
| Product | Specifications | Market | 2024.7.5 | 2024.7.4 | Rise and fall | Remarks |
| PTA | Spot | East China | 6025 | 6108 | -80 | Self-withdrawing tax, yuan / ton |
| Product | Specifications | Market | 2024.7.5 | 2024.7.4 | Rise and fall | Remarks |
| Glycol | Polyester grade | East China | 4710 | 4735 | -25 | Self-withdrawing tax, yuan / ton |
| Polyester grade | South China | 4700 | 4720 | -20 | Short delivery including tax, yuan / ton | |
| Product | Specifications | Market | 2024.7.5 | 2024.7.4 | Rise and fall | Remarks |
| Polyester chip | Semi-light section | East China | 7150 | 7175 | -25 | Factory includes tax, yuan / ton |
| Light slicing | 7150 | 7175 | -25 | Factory includes tax, yuan / ton | ||
| Product | Specifications | Market | 2024.7.5 | 2024.7.4 | Rise and fall | Remarks |
| Polyester bottle chip | Aquarius level (IV.=0.8) | East China | 7125 | 7150 | -25 | Factory includes tax, yuan / ton |
| Oil bottle grade | 7125 | 7150 | -25 | Factory includes tax, yuan / ton | ||
| Hot pot grade | 7125 | 7150 | -25 | Factory includes tax, yuan / ton | ||
| Carbonic acid grade | 7225 | 7250 | -25 | Factory includes tax, yuan / ton | ||
| Aquarius level (IV.=0.8) | South China | 7125 | 7150 | -25 | Factory includes tax, yuan / ton | |
| Oil bottle grade | 7125 | 7150 | -25 | Factory includes tax, yuan / ton | ||
| Hot pot grade | 7125 | 7150 | -25 | Factory includes tax, yuan / ton | ||
| Carbonic acid grade | 7225 | 7250 | -25 | Factory includes tax, yuan / ton | ||
| Product | Specifications | Market | 2024.7.5 | 2024.7.4 | Rise and fall | Remarks |
| Polyester filament | Jiangsu and Zhejiang market POY150D/48F | East China | 8025 | 8025 | 0 | Factory includes tax, yuan / ton |
| Jiangsu and Zhejiang market FDY150D/96F | 8550 | 8550 | 0 | Factory includes tax, yuan / ton | ||
| Jiangsu and Zhejiang market DTY150D/48F | 9425 | 9425 | 0 | Factory includes tax, yuan / ton | ||
| Jiangsu and Zhejiang market POY75D/72F | 8150 | 8150 | 0 | Factory includes tax, yuan / ton | ||
| Product | Specifications | Market | 2024.7.5 | 2024.7.4 | Rise and fall | Remarks |
| Polyester staple yarn | Semi-glossy white 1.56: 38 | Jiangsu Province | 7800 | 7850 | -50 | Factory includes tax, yuan / ton |
| Semi-glossy white 1.56: 38 | Zhejiang | 7850 | 7850 | 0 | Factory includes tax, yuan / ton |
PTA
Today, the spot market of East China PTA fluctuates and falls, and it is negotiated to refer to around 6025 yuan / ton. This week and next week, the main port and warehouse receipt delivery 09 contract Shengshui 25-35 near the transaction and negotiations, the spot basis fell. Multi-profit out of the position, the market mentality turned short, the PTA futures market fell back. 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 weak. Lack of market support, ethylene glycol market negotiations focus on a narrow pullback, East China quotation around 4710 yuan / ton, down 25 yuan / ton compared with the previous working day. The quotation in South China is around 4700 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, the polyester chip market is narrowly weak. Polyester raw material market fell, cost-end support weakened, polyester chip market low-end offer increased, the focus of market negotiations fell slightly. Downstream rigid demand follow-up, market production and marketing in general. 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 narrow and weak. Polyester raw material market fell, the cost end to promote the market is insufficient, the mainstream bottle chip manufacturers offer stable, individual low prices continue to rise, dealer prices began to weaken, the focus of market negotiations slightly pullback; 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, individual offers are adjusted, and the focus of market negotiations is maintained. Downstream rigid demand buying, market production and marketing weakening. It is expected that the market price of filament will be arranged in a narrow range in the short term.
Polyester staple fiber
The market of polyester staple fiber is weak today. Cost-side decline in the formation of pressure on the market, staple fiber part of the market negotiations focus on a small pullback. Downstream cautious wait-and-see, market production and marketing continues to be 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: 6020, lowest price: 5962, highest price: 6036, closing price: 5972, settlement price: 5996, down 96, position: 1075741.
Ethylene glycol:EG main contract 2409 opening price: 4699, lowest price: 4683, highest price: 4714, closing price: 4693, settlement price: 4698, down 22, position: 415863.
V. production and marketing data of polyester market
| Product | 2024.7.5 | 2024.7.4 | Rise and fall | Unit |
| Polyester chip | 50% | 30% | + 20% | % |
| Polyester filament | 40% | 60% | -20% | % |
| Polyester staple fiber | 20% | 80% | -60% | % |
VI. Future forecast
The international crude oil market is high and strong, the cost end forms the support 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 weakens, the market production and marketing is depressed. 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.
