On July 19th, the market price index of ethylene glycol was 4652.59, unchanged from the previous working day.
On July 19th, the domestic PTA market price index was 5880, unchanged from the previous working day.
On July 19th, 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 7100, unchanged from the previous working day.
II. Summary of market price of polyester industry chain
Product | Specifications | Market | 2024.7.19 | 2024.7.18 | Rise and fall | Remarks |
PTA | Spot | East China | 5880 | 5880 | 0 | Self-withdrawing tax, yuan / ton |
Product | Specifications | Market | 2024.7.19 | 2024.7.18 | Rise and fall | Remarks |
Glycol | Polyester grade | East China | 4680 | 4680 | 0 | Self-withdrawing tax, yuan / ton |
Polyester grade | South China | 4690 | 4690 | 0 | Short delivery including tax, yuan / ton | |
Product | Specifications | Market | 2024.7.19 | 2024.7.18 | Rise and fall | Remarks |
Polyester chip | Semi-light section | East China | 7090 | 7100 | -10 | Factory includes tax, yuan / ton |
Light slicing | 7100 | 7125 | -25 | Factory includes tax, yuan / ton | ||
Product | Specifications | Market | 2024.7.19 | 2024.7.18 | Rise and fall | Remarks |
Polyester bottle chip | Aquarius level (IV.=0.8) | East China | 7100 | 7100 | 0 | Factory includes tax, yuan / ton |
Oil bottle grade | 7100 | 7100 | 0 | Factory includes tax, yuan / ton | ||
Hot pot grade | 7100 | 7100 | 0 | Factory includes tax, yuan / ton | ||
Carbonic acid grade | 7200 | 7200 | 0 | Factory includes tax, yuan / ton | ||
Aquarius level (IV.=0.8) | South China | 7100 | 7100 | 0 | Factory includes tax, yuan / ton | |
Oil bottle grade | 7100 | 7100 | 0 | Factory includes tax, yuan / ton | ||
Hot pot grade | 7100 | 7100 | 0 | Factory includes tax, yuan / ton | ||
Carbonic acid grade | 7200 | 7200 | 0 | Factory includes tax, yuan / ton | ||
Product | Specifications | Market | 2024.7.19 | 2024.7.18 | Rise and fall | Remarks |
Polyester filament | Jiangsu and Zhejiang market POY150D/48F | East China | 7990 | 7990 | 0 | Factory includes tax, yuan / ton |
Jiangsu and Zhejiang market FDY150D/96F | 8475 | 8475 | 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 | 2024.7.19 | 2024.7.18 | 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 | 7750 | 7775 | -25 | Factory includes tax, yuan / ton |
PTA
Today, the spot market of PTA in East China tends to be sorted out, and it will be discussed around 5880 yuan / ton. This week and next week, the main port and warehouse receipt delivery 09 contract Shengshui 30-45 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 maintained. Cost-end support, the focus of ethylene glycol market negotiations fluctuated slightly, and the quotation in East China was around 4680 yuan / ton, unchanged from the previous working day. The quotation in South China is around 4690 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. Polyester raw materials market finishing, cost end support is general, polyester chip manufacturers part of the offer down, the market low-end offer increased, the focus of negotiations 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 market for polyester bottle chips fluctuates in a narrow range. Polyester raw material market maintenance and finishing, cost end support is general, bottle chip manufacturers offer stable, market negotiation center of gravity fluctuates 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 polyester raw material market arrangement forms the support to the market, the polyester mainstream manufacturer's offer maintains the stability, some market negotiations center of gravity fluctuates slightly. Downstream rigid demand followed up, some production and sales improved. It is expected that the market price of filament will be arranged in a narrow range in the short term.
Polyester staple fiber
The market of polyester staple fiber is weak today. Cost-side weakness to support the market in general, the focus of negotiations in the staple fiber market declined 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: 5840, lowest price: 5832, highest price: 5858, closing price: 5842, settlement price: 5844, down 2, position: 840638.
Ethylene glycol:EG main contract 2409 opening price: 4668, lowest price: 4646, highest price: 4688, closing price: 4646, settlement price: 4666, up 0, position: 343314.
V. production and marketing data of polyester market
Product | 2024.7.19 | 2024.7.18 | Rise and fall | Unit |
Polyester chip | 45% | 60% | -15% | % |
Polyester filament | 55% | 45% | + 10% | % |
Polyester staple fiber | 20% | 20% | 0% | % |
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 be mainly adjusted slightly with the cost, downstream demand is weak, market production and sales is weak. 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.