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Polyester industry chain: Falling cost end, polyester market is weak and volatile

121,869
July 9, 2024, 3:57 PM
  1. Market trend chart of polyester industry chain

The market price index of ethylene glycol was 4695.38, down 7.11 from the previous working day.

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On July 9, the domestic PTA market price index was 5955, down 25% from the previous working day.

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On July 9, the market price index of polyester chips was 7100, down 25% from the previous working day; the market price index of polyester bottle chips was 7150, down 25% from the previous working day.

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II. Summary of market price of polyester industry chain

ProductSpecificationsMarket2024.7.92024.7.8Rise and fallRemarks
PTASpotEast China59555980-25Self-withdrawing tax, yuan / ton
ProductSpecificationsMarket2024.7.92024.7.8Rise and fallRemarks
GlycolPolyester gradeEast China47504765-15Self-withdrawing tax, yuan / ton
Polyester gradeSouth China475047500Short delivery including tax, yuan / ton
ProductSpecificationsMarket2024.7.92024.7.8Rise and fallRemarks
Polyester chipSemi-light sectionEast China71007125-25Factory includes tax, yuan / ton
Light slicing71257150-25Factory includes tax, yuan / ton
ProductSpecificationsMarket2024.7.92024.7.8Rise and fallRemarks
Polyester bottle chipAquarius level (IV.=0.8)East China71507175-25Factory includes tax, yuan / ton
Oil bottle grade71507175-25Factory includes tax, yuan / ton
Hot pot grade71507175-25Factory includes tax, yuan / ton
Carbonic acid grade72507275-25Factory includes tax, yuan / ton
Aquarius level (IV.=0.8)South China71507175-25Factory includes tax, yuan / ton
Oil bottle grade71507175-25Factory includes tax, yuan / ton
Hot pot grade71507175-25Factory includes tax, yuan / ton
Carbonic acid grade72507275-25Factory includes tax, yuan / ton
ProductSpecificationsMarket2024.7.92024.7.8Rise and fallRemarks
Polyester filamentJiangsu and Zhejiang market POY150D/48FEast China802580250Factory includes tax, yuan / ton
Jiangsu and Zhejiang market FDY150D/96F855085500Factory includes tax, yuan / ton
Jiangsu and Zhejiang market DTY150D/48F942594250Factory includes tax, yuan / ton
Jiangsu and Zhejiang market POY75D/72F815081500Factory includes tax, yuan / ton
ProductSpecificationsMarket2024.7.92024.7.8Rise and fallRemarks
Polyester staple yarnSemi-glossy white 1.56: 38Jiangsu Province77257750-25Factory includes tax, yuan / ton
Semi-glossy white 1.56: 38Zhejiang78007825-25Factory includes tax, yuan / ton
  1. Brief introduction of Polyester Industry chain Market

PTA

Today, East China PTA spot market volatility weakens, negotiation reference 5955 yuan / ton near. This week and next week, the main port and warehouse receipt delivery 09 contract Shengshui 30-35 near the transaction and negotiations, the spot basis is stable. International crude oil fell, commodity atmosphere weakened, PTA futures market continued to fall. 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. The weak atmosphere of the commodity market suppressed the market mentality, and the focus of ethylene glycol market negotiations fell in a narrow range. The quotation in East China revolved around 4750 yuan / ton, down 15 yuan / ton compared with 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 falls, and the demand side weakens. 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 market volatility of polyester chips is 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 demand weakens, market production and marketing is depressed. 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, lack of cost-end support, mainstream bottle chip manufacturers offer down 50 yuan / ton, the focus of market negotiations has loosened; 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. Polyester raw materials market weakening market support in general, polyester mainstream manufacturers offer to maintain stability, individual offer adjustment, market negotiations to maintain the focus of finishing. 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

Today, the polyester staple fiber market maintains a weak finishing. The decline in the cost side has depressed the market, and the focus of negotiations in the staple fiber market has adjusted slightly. 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: 5944, lowest price: 5904, highest price: 5950, closing price: 5918, settlement price: 5922, down 38, position: 944226.

Ethylene glycol:EG main contract 2409 opening price: 4712, lowest price: 4688, highest price: 4745, closing price: 4728, settlement price: 4715, down 14, position: 433056.

V. production and marketing data of polyester market

Product2024.7.92024.7.8Rise and fallUnit
Polyester chip40%55%-15%%
Polyester filament30%35%-5%%
Polyester staple fiber15%15%0%%

VI. Future forecast

The international crude oil market weakens, the cost support is insufficient, the supply and demand end support of polyester raw material PTA and ethylene glycol market is limited, it is expected that the short-term market will be weak and volatile, polyester raw material end will promote, polyester market offer will be mainly adjusted slightly with the cost, downstream demand weakens, 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.