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On July 8th, the market price index of ethylene glycol was 4702.48, up 40.52 from the previous working day.
On July 8th, the domestic PTA market price index was 5980, down 45% from the previous working day.
On July 8, the market price index of polyester chips was 7125, down 25 from the previous working day; the market price index of polyester bottle chips was 7175, up 50% from the previous working day.
II. Summary of market price of polyester industry chain
| Product | Specifications | Market | 2024.7.8 | 2024.7.5 | Rise and fall | Remarks |
| PTA | Spot | East China | 5980 | 6025 | -45 | Self-withdrawing tax, yuan / ton |
| Product | Specifications | Market | 2024.7.8 | 2024.7.5 | Rise and fall | Remarks |
| Glycol | Polyester grade | East China | 4765 | 4710 | + 55 | Self-withdrawing tax, yuan / ton |
| Polyester grade | South China | 4750 | 4700 | + 50 | Short delivery including tax, yuan / ton | |
| Product | Specifications | Market | 2024.7.8 | 2024.7.5 | Rise and fall | Remarks |
| Polyester chip | Semi-light section | East China | 7125 | 7150 | -25 | Factory includes tax, yuan / ton |
| Light slicing | 7150 | 7150 | 0 | Factory includes tax, yuan / ton | ||
| Product | Specifications | Market | 2024.7.8 | 2024.7.5 | Rise and fall | Remarks |
| Polyester bottle chip | Aquarius level (IV.=0.8) | East China | 7175 | 7125 | + 50 | Factory includes tax, yuan / ton |
| Oil bottle grade | 7175 | 7125 | + 50 | Factory includes tax, yuan / ton | ||
| Hot pot grade | 7175 | 7125 | + 50 | Factory includes tax, yuan / ton | ||
| Carbonic acid grade | 7275 | 7225 | + 50 | Factory includes tax, yuan / ton | ||
| Aquarius level (IV.=0.8) | South China | 7175 | 7125 | + 50 | Factory includes tax, yuan / ton | |
| Oil bottle grade | 7175 | 7125 | + 50 | Factory includes tax, yuan / ton | ||
| Hot pot grade | 7175 | 7125 | + 50 | Factory includes tax, yuan / ton | ||
| Carbonic acid grade | 7275 | 7225 | + 50 | Factory includes tax, yuan / ton | ||
| Product | Specifications | Market | 2024.7.8 | 2024.7.5 | 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 | 2024.7.8 | 2024.7.5 | Rise and fall | Remarks |
| Polyester staple yarn | Semi-glossy white 1.56: 38 | Jiangsu Province | 7750 | 7800 | -50 | Factory includes tax, yuan / ton |
| Semi-glossy white 1.56: 38 | Zhejiang | 7825 | 7850 | -25 | 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 5980 yuan / ton. This week and next week, the main port and warehouse receipt delivery 09 contract Shengshui 25-30 near the transaction and negotiations, the spot basis fell. International crude oil fell, commodity atmosphere weakened, PTA futures market fell. 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 supply side of the market is good to support, and the focus of ethylene glycol market negotiations has risen narrowly. The quotation in East China is around 4765 yuan / ton, up 55 yuan / ton from the previous working day. The quotation in South China is around 4750 yuan / ton. Ethylene glycol port inventory decline, supporting 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 continued to fall. Downstream rigid demand followed up, local production and sales improved. 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 strong. High-end cost support, mainstream bottle chip manufacturers offer stable, individual manufacturers offer down, dealers low-end prices reduced, the focus of market negotiations began to rise; 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 forms the support to the market, the polyester mainstream manufacturer's offer remains stable, the individual offer adjusts slightly, the market negotiation center of gravity maintains the arrangement. Downstream demand weakens, market production and marketing is relatively weak. 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: 5960, lowest price: 5932, highest price: 5990, closing price: 5944, settlement price: 5956, down 52, position: 991950.
Ethylene glycol:EG main contract 2409 opening price: 4718, lowest price: 4707, highest price: 4775, closing price: 4712, settlement price: 4742, up 14, position: 428529.
V. production and marketing data of polyester market
| Product | 2024.7.8 | 2024.7.5 | Rise and fall | Unit |
| Polyester chip | 55% | 45% | + 10% | % |
| Polyester filament | 35% | 40% | -5% | % |
| Polyester staple fiber | 15% | 20% | -5% | % |
VI. Future forecast
The international crude oil market fluctuates 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 mainly adjust 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.
