The market price index of ethylene glycol was 4734.89, up 1.53 from the previous working day.
On July 12th, the domestic PTA market price index was 5950, unchanged from the previous working day.
On July 12, the market price index of polyester chips was 7125, unchanged from the previous working day, while the market price index of polyester bottle chips was 7150, unchanged from the previous working day.
II. Summary of market price of polyester industry chain
Product | Specifications | Market | 2024.7.12 | 2024.7.11 | Rise and fall | Remarks |
PTA | Spot | East China | 5950 | 5950 | 0 | Self-withdrawing tax, yuan / ton |
Product | Specifications | Market | 2024.7.12 | 2024.7.11 | Rise and fall | Remarks |
Glycol | Polyester grade | East China | 4830 | 4820 | + 10 | Self-withdrawing tax, yuan / ton |
Polyester grade | South China | 4760 | 4780 | -20 | Short delivery including tax, yuan / ton | |
Product | Specifications | Market | 2024.7.12 | 2024.7.11 | Rise and fall | Remarks |
Polyester chip | Semi-light section | East China | 7125 | 7125 | 0 | Factory includes tax, yuan / ton |
Light slicing | 7150 | 7150 | 0 | Factory includes tax, yuan / ton | ||
Product | Specifications | Market | 2024.7.12 | 2024.7.11 | Rise and fall | Remarks |
Polyester bottle chip | Aquarius level (IV.=0.8) | East China | 7150 | 7150 | 0 | Factory includes tax, yuan / ton |
Oil bottle grade | 7150 | 7150 | 0 | Factory includes tax, yuan / ton | ||
Hot pot grade | 7150 | 7150 | 0 | Factory includes tax, yuan / ton | ||
Carbonic acid grade | 7250 | 7250 | 0 | Factory includes tax, yuan / ton | ||
Aquarius level (IV.=0.8) | South China | 7150 | 7150 | 0 | Factory includes tax, yuan / ton | |
Oil bottle grade | 7150 | 7150 | 0 | Factory includes tax, yuan / ton | ||
Hot pot grade | 7150 | 7150 | 0 | Factory includes tax, yuan / ton | ||
Carbonic acid grade | 7250 | 7250 | 0 | Factory includes tax, yuan / ton | ||
Product | Specifications | Market | 2024.7.12 | 2024.7.11 | Rise and fall | Remarks |
Polyester filament | Jiangsu and Zhejiang market POY150D/48F | East China | 8000 | 8000 | 0 | Factory includes tax, yuan / ton |
Jiangsu and Zhejiang market FDY150D/96F | 8500 | 8550 | -50 | 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 | 2024.7.12 | 2024.7.11 | Rise and fall | Remarks |
Polyester staple yarn | Semi-glossy white 1.56: 38 | Jiangsu Province | 7725 | 7725 | 0 | Factory includes tax, yuan / ton |
Semi-glossy white 1.56: 38 | Zhejiang | 7800 | 7800 | 0 | Factory includes tax, yuan / ton |
PTA
Today, the spot market of PTA in East China is maintained and sorted out, and it is discussed for reference near 5950 yuan / ton. This week and next week, the main port and warehouse receipt delivery 09 contract Shengshui 35-40 near the transaction and negotiations, the spot basis is stable. The high level of the international crude oil market supports the market mentality, and the PTA futures market remains horizontal. 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 4830 yuan / ton, up 10 yuan / ton from the previous working day. The quotation in South China is around 4760 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 fluctuates in a narrow range. Polyester raw material market high-level finishing, cost end support is stable, polyester chip market offer is stable, market negotiation focus to maintain finishing. 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's polyester bottle chip market is arranged in a narrow range. Polyester raw material market remains high, supported by the cost end, the mainstream bottle chip manufacturers offer stable, the focus of market negotiations fluctuated slightly; 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 high support to the market is solid, polyester mainstream manufacturers offer remained stable, 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 market of polyester staple fiber remains stable. The high cost end supports the market, and the focus of negotiations in the staple fiber market fluctuates 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: 5930, lowest price: 5902, highest price: 5930, closing price: 5918, settlement price: 5914, up 0, position: 870737.
Ethylene glycol:EG main contract 2409 opening price: 4805, lowest price: 4752, highest price: 4838, closing price: 4767, settlement price: 4794, up 3, position: 450953.
V. production and marketing data of polyester market
Product | 2024.7.12 | 2024.7.11 | Rise and fall | Unit |
Polyester chip | 40% | 80% | -40% | % |
Polyester filament | 40% | 40% | 0% | % |
Polyester staple fiber | 25% | 20% | + 5% | % |
VI. Future forecast
The international crude oil market is high, cost support is stable, polyester raw material PTA and ethylene glycol market supply and demand support, it is expected that the short-term market will be narrow shock, polyester raw material end-driven, polyester market offer will mainly adjust 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.