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On July 16th, the market price index of ethylene glycol was 4678.72, down 44.32 from the previous working day.
On July 16th, the domestic PTA market price index was 5870, down 45 from the previous working day.
On July 16, the market price index of polyester chips was 7100, down 25% from the previous working day, while the market price index of polyester bottle chips was 7100, down 50% from the previous working day.
II. Summary of market price of polyester industry chain
| Product | Specifications | Market | 2024.7.16 | 2024.7.15 | Rise and fall | Remarks |
| PTA | Spot | East China | 5870 | 5915 | -45 | Self-withdrawing tax, yuan / ton |
| Product | Specifications | Market | 2024.7.16 | 2024.7.15 | Rise and fall | Remarks |
| Glycol | Polyester grade | East China | 4725 | 4805 | -80 | Self-withdrawing tax, yuan / ton |
| Polyester grade | South China | 4720 | 4760 | -40 | Short delivery including tax, yuan / ton | |
| Product | Specifications | Market | 2024.7.16 | 2024.7.15 | Rise and fall | Remarks |
| Polyester chip | Semi-light section | East China | 7100 | 7125 | -25 | Factory includes tax, yuan / ton |
| Light slicing | 7125 | 7150 | -25 | Factory includes tax, yuan / ton | ||
| Product | Specifications | Market | 2024.7.16 | 2024.7.15 | Rise and fall | Remarks |
| Polyester bottle chip | Aquarius level (IV.=0.8) | East China | 7100 | 7150 | -50 | Factory includes tax, yuan / ton |
| Oil bottle grade | 7100 | 7150 | -50 | Factory includes tax, yuan / ton | ||
| Hot pot grade | 7100 | 7150 | -50 | Factory includes tax, yuan / ton | ||
| Carbonic acid grade | 7200 | 7250 | -50 | Factory includes tax, yuan / ton | ||
| Aquarius level (IV.=0.8) | South China | 7100 | 7150 | -50 | Factory includes tax, yuan / ton | |
| Oil bottle grade | 7100 | 7150 | -50 | Factory includes tax, yuan / ton | ||
| Hot pot grade | 7100 | 7150 | -50 | Factory includes tax, yuan / ton | ||
| Carbonic acid grade | 7200 | 7250 | -50 | Factory includes tax, yuan / ton | ||
| Product | Specifications | Market | 2024.7.16 | 2024.7.15 | 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 | 2024.7.16 | 2024.7.15 | 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 | 7775 | 0 | Factory includes tax, yuan / ton |
PTA
Today, East China PTA spot market shock callback, negotiations near 5870 yuan / ton. This week and next week, the main port and warehouse receipt delivery 09 contract Shengshui 25-40 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 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 continues to fall. The weak commodity atmosphere suppressed the market mentality, and the focus of ethylene glycol market negotiations fell. The quotation in East China revolved around 4725 yuan / ton, down 80 yuan / ton compared with 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 narrow and weak. The polyester raw material market fell, the cost end support was insufficient, the polyester chip manufacturer market low-end offer increased, the market negotiation center of gravity fell slightly. Downstream rigid demand follow-up, market production and marketing in general. It is expected that the polyester chip market will maintain the finishing operation in the short term.
Polyester bottle chip
Today, the polyester bottle chip market is in a narrow correction. Polyester raw materials market trend fell, lack of cost-end support, some bottle chip manufacturers offer down, the focus of market negotiations slightly lower; 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 polyester raw material market weakens to the market support is insufficient, the polyester silk mainstream manufacturer's offer maintains the stability, the market negotiation focus fluctuates slightly. Downstream demand is relatively weak, the market production and marketing is depressed. 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 loose. 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: 5860, lowest price: 5818, highest price: 5866, closing price: 5828, settlement price: 5838, down 52, position: 871449.
Ethylene glycol:EG main contract 2409 opening price: 4755, lowest price: 4667, highest price: 4755, closing price: 4677, settlement price: 4698, down 79, position: 377338.
V. production and marketing data of polyester market
| Product | 2024.7.16 | 2024.7.15 | Rise and fall | Unit |
| Polyester chip | 35% | 40% | -5% | % |
| Polyester filament | 30% | 50% | -20% | % |
| Polyester staple fiber | 20% | 25% | -5% | % |
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 be weak shock, polyester raw material end to promote, polyester market offer will mainly adjust slightly with the cost, downstream demand is weak, 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.
