On July 15th, the market price index of ethylene glycol was 4723.04, down 11.85 from the previous working day.
On July 15th, the domestic PTA market price index was 5915, down 35% from the previous working day.
On July 15, the market price index of polyester chips was 7125, which was the same as that of the previous working day, while that of polyester bottle chips was 7150, which was the same as that of the previous working day.
II. Summary of market price of polyester industry chain
Product | Specifications | Market | 2024.7.15 | 2024.7.12 | Rise and fall | Remarks |
PTA | Spot | East China | 5915 | 5950 | -35 | Self-withdrawing tax, yuan / ton |
Product | Specifications | Market | 2024.7.15 | 2024.7.12 | Rise and fall | Remarks |
Glycol | Polyester grade | East China | 4805 | 4830 | -25 | Self-withdrawing tax, yuan / ton |
Polyester grade | South China | 4760 | 4760 | 0 | Short delivery including tax, yuan / ton | |
Product | Specifications | Market | 2024.7.15 | 2024.7.12 | 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 | 2024.7.15 | 2024.7.12 | 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 | 2024.7.15 | 2024.7.12 | 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 | 8500 | 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 | 2024.7.15 | 2024.7.12 | 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 | 7775 | 7800 | -25 | Factory includes tax, yuan / ton |
PTA
Today, the spot market of PTA in East China is weak, and we will consult around 5915 yuan / ton. This week and next week, the main port and warehouse receipt delivery 09 contract Shengshui 28-40 near the transaction and negotiations, the spot basis is stable. The international crude oil market fell, suppressing the market mentality, and the PTA futures market fell slightly. 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 weakens within a narrow range. The weak commodity atmosphere suppressed the market mentality, and the focus of ethylene glycol market negotiations fell in a narrow range. The quotation in East China revolved around 4805 yuan / ton, down 25 yuan / ton compared with 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 materials market weak finishing, cost end support is general, polyester chip manufacturers continue to raise prices to ship, the market talks to maintain the focus of finishing. The downstream demand is weak, and the 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 trend is weak, cost end support is limited, mainstream bottle chip manufacturers offer stable, individual manufacturers offer down, the focus of market negotiations fluctuate 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. The high level of the polyester raw material market supports the market firmly, the offers of mainstream polyester manufacturers remain stable, and the focus of market negotiations fluctuates 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's polyester staple market narrow finishing. The weak cost end is generally supported by the market, the focus of negotiations in the staple fiber market fluctuates slightly, and some market offers are downgraded. 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: 5908, lowest price: 5958, highest price: 5916, closing price: 5958, settlement price: 5880, down 56, position: 870285.
Ethylene glycol:EG main contract 2409 opening price: 4771, lowest price: 4729, highest price: 4786, closing price: 4739, settlement price: 4756, down 55, position: 436635.
V. production and marketing data of polyester market
Product | 2024.7.15 | 2024.7.12 | Rise and fall | Unit |
Polyester chip | 40% | 40% | 0% | % |
Polyester filament | 50% | 40% | + 10% | % |
Polyester staple fiber | 25% | 25% | 0% | % |
VI. Future forecast
The international crude oil market is weak, the cost support is insufficient, the polyester raw material PTA and ethylene glycol market supply and demand end support, it is expected that the short-term market will fluctuate in a narrow range, the polyester raw material end will promote, the polyester market offer will mainly adjust slightly with the cost, the downstream demand is weak, 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.