The market price index of ethylene glycol was 4692.94, down 2.44 from the previous working day.
On July 10th, the domestic PTA market price index was 5935, down 20% from the previous working day.
On July 10, the market price index of polyester chips was 7090, down 10% 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 | 2024.7.10 | 2024.7.9 | Rise and fall | Remarks |
PTA | Spot | East China | 5935 | 5955 | -20 | Self-withdrawing tax, yuan / ton |
Product | Specifications | Market | 2024.7.10 | 2024.7.9 | Rise and fall | Remarks |
Glycol | Polyester grade | East China | 4755 | 4750 | + 5 | Self-withdrawing tax, yuan / ton |
Polyester grade | South China | 4720 | 4750 | -30 | Short delivery including tax, yuan / ton | |
Product | Specifications | Market | 2024.7.10 | 2024.7.9 | Rise and fall | Remarks |
Polyester chip | Semi-light section | East China | 7090 | 7100 | -10 | Factory includes tax, yuan / ton |
Light slicing | 7125 | 7125 | 0 | Factory includes tax, yuan / ton | ||
Product | Specifications | Market | 2024.7.10 | 2024.7.9 | 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 | 2024.7.10 | 2024.7.9 | 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 | 2024.7.10 | 2024.7.9 | Rise and fall | Remarks |
Polyester staple yarn | Semi-glossy white 1.56: 38 | Jiangsu Province | 7700 | 7725 | -25 | Factory includes tax, yuan / ton |
Semi-glossy white 1.56: 38 | Zhejiang | 7775 | 7800 | -25 | Factory includes tax, yuan / ton |
PTA
Today, East China PTA spot market volatility weakens, negotiation reference 5935 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, depressing the market mentality, 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 in a narrow range. Under the tight support of the supply side, the focus of negotiations in the ethylene glycol market fluctuated in a narrow range. The quotation in East China revolved around 4755 yuan / ton, up 5 yuan / ton from the previous working day. The quotation in South China is around 4720 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 polyester chip market is weak and volatile. The polyester raw material market is weak, the cost end support is insufficient, the polyester chip market low-end offer increases, the market negotiation center of gravity tends to the low end. 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 remains weak, cost-end support is general, mainstream bottle chip manufacturers offer stable, individual continue to decline, the focus of market negotiations tend to low-end; 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 material market is weak to support the market in general, polyester mainstream manufacturers offer to maintain stability, individual offers down, the focus of market negotiations fluctuated slightly. Downstream demand is relatively weak, the market production and marketing is general. 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: 5916, lowest price: 5882, highest price: 5928, closing price: 5894, settlement price: 5902, down 28, position: 902613.
Ethylene glycol:EG main contract 2409 opening price: 4728, lowest price: 4689, highest price: 4738, closing price: 4723, settlement price: 4714, up 8%, position: 435196.
V. production and marketing data of polyester market
Product | 2024.7.10 | 2024.7.9 | Rise and fall | Unit |
Polyester chip | 35% | 40% | -5% | % |
Polyester filament | 40% | 30% | + 10% | % |
Polyester staple fiber | 20% | 15% | + 5% | % |
VI. Future forecast
The international crude oil market continues to fall, cost support is insufficient, polyester raw material PTA and ethylene glycol market supply and demand support is limited, it is expected that the short-term market will be weak shock, polyester raw material end to promote, polyester market offer will be mainly adjusted slightly with the cost, downstream demand weakening, market production and sales downturn. 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.