< img height="1" width="1" style="display:none" src="https://www.facebook.com/tr?id=2433975083660159&ev=PageView&noscript=1" />

Polyester industry chain: Lack of cost support, polyester market is weak and difficult to change

128,194
July 10, 2024, 3:59 PM
  1. Market trend chart of polyester industry chain

The market price index of ethylene glycol was 4692.94, down 2.44 from the previous working day.

image.png

On July 10th, the domestic PTA market price index was 5935, down 20% from the previous working day.

image.png

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.

image.png

II. Summary of market price of polyester industry chain

ProductSpecificationsMarket2024.7.102024.7.9Rise and fallRemarks
PTASpotEast China59355955-20Self-withdrawing tax, yuan / ton
ProductSpecificationsMarket2024.7.102024.7.9Rise and fallRemarks
GlycolPolyester gradeEast China47554750+ 5Self-withdrawing tax, yuan / ton
Polyester gradeSouth China47204750-30Short delivery including tax, yuan / ton
ProductSpecificationsMarket2024.7.102024.7.9Rise and fallRemarks
Polyester chipSemi-light sectionEast China70907100-10Factory includes tax, yuan / ton
Light slicing712571250Factory includes tax, yuan / ton
ProductSpecificationsMarket2024.7.102024.7.9Rise and fallRemarks
Polyester bottle chipAquarius level (IV.=0.8)East China71257150-25Factory includes tax, yuan / ton
Oil bottle grade71257150-25Factory includes tax, yuan / ton
Hot pot grade71257150-25Factory includes tax, yuan / ton
Carbonic acid grade72257250-25Factory includes tax, yuan / ton
Aquarius level (IV.=0.8)South China71257150-25Factory includes tax, yuan / ton
Oil bottle grade71257150-25Factory includes tax, yuan / ton
Hot pot grade71257150-25Factory includes tax, yuan / ton
Carbonic acid grade72257250-25Factory includes tax, yuan / ton
ProductSpecificationsMarket2024.7.102024.7.9Rise 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
ProductSpecificationsMarket2024.7.102024.7.9Rise and fallRemarks
Polyester staple yarnSemi-glossy white 1.56: 38Jiangsu Province77007725-25Factory includes tax, yuan / ton
Semi-glossy white 1.56: 38Zhejiang77757800-25Factory includes tax, yuan / ton
  1. Brief introduction of Polyester Industry chain Market

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

Product2024.7.102024.7.9Rise and fallUnit
Polyester chip35%40%-5%%
Polyester filament40%30%+ 10%%
Polyester staple fiber20%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.