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Polyester industry chain: Cost drives narrow consolidation in the limited polyester market

125,403
July 22, 2024, 4:08 PM
  1. Market trend chart of polyester industry chain

On July 22nd, the market price index of ethylene glycol was 4654.19, up 1.6 from the previous working day.

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On July 22nd, the domestic PTA market price index was 5870, down 10% from the previous working day.

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On July 22nd, the market price index of polyester chips was 7080, down 10% from the previous working day; the market price index of polyester bottle chips was 7090, down 10% from the previous working day.

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II. Summary of market price of polyester industry chain

ProductSpecificationsMarket2024.7.222024.7.19Rise and fallRemarks
PTASpotEast China58705880-10Self-withdrawing tax, yuan / ton
ProductSpecificationsMarket2024.7.222024.7.19Rise and fallRemarks
GlycolPolyester gradeEast China468046800Self-withdrawing tax, yuan / ton
Polyester gradeSouth China47004690+ 10Short delivery including tax, yuan / ton
ProductSpecificationsMarket2024.7.222024.7.19Rise and fallRemarks
Polyester chipSemi-light sectionEast China70807090-10Factory includes tax, yuan / ton
Light slicing710071000Factory includes tax, yuan / ton
ProductSpecificationsMarket2024.7.222024.7.19Rise and fallRemarks
Polyester bottle chipAquarius level (IV.=0.8)East China70907100-10Factory includes tax, yuan / ton
Oil bottle grade70907100-10Factory includes tax, yuan / ton
Hot pot grade70907100-10Factory includes tax, yuan / ton
Carbonic acid grade71907200-10Factory includes tax, yuan / ton
Aquarius level (IV.=0.8)South China70907100-10Factory includes tax, yuan / ton
Oil bottle grade70907100-10Factory includes tax, yuan / ton
Hot pot grade70907100-10Factory includes tax, yuan / ton
Carbonic acid grade71907200-10Factory includes tax, yuan / ton
ProductSpecificationsMarket2024.7.222024.7.19Rise and fallRemarks
Polyester filamentJiangsu and Zhejiang market POY150D/48FEast China799079900Factory includes tax, yuan / ton
Jiangsu and Zhejiang market FDY150D/96F847584750Factory includes tax, yuan / ton
Jiangsu and Zhejiang market DTY150D/48F942594250Factory includes tax, yuan / ton
Jiangsu and Zhejiang market POY75D/72F815081500Factory includes tax, yuan / ton
ProductSpecificationsMarket2024.7.222024.7.19Rise and fallRemarks
Polyester staple yarnSemi-glossy white 1.56: 38Jiangsu Province770077000Factory includes tax, yuan / ton
Semi-glossy white 1.56: 38Zhejiang775077500Factory includes tax, yuan / ton
  1. Brief introduction of Polyester Industry chain Market

PTA

Today, the spot market of PTA in East China is weak, and we will consult around 5870 yuan / ton. This week and next week, the main port and warehouse receipt delivery 09 contract Shengshui 40-45 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 weakened 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 is arranged horizontally. Supply and demand end support, ethylene glycol market negotiation center of gravity fluctuated slightly, East China quotation around 4680 yuan / ton, unchanged from the previous working day. The quotation in South China is around 4700 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's polyester chip market is in a weak position. The polyester raw material market is weak, the cost end support is general, the polyester chip market low-end offer increases, the negotiation center of gravity adjusts slightly. Downstream demand is relatively weak, market production and marketing continues to be weak. 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 materials market weak finishing, cost end support is general, bottle chip manufacturers offer stable, low-end market offer has increased. 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, the market negotiation center maintains the stability. Downstream demand weakens, market production and marketing is weak. It is expected that the market price of filament will be arranged in a narrow range in the short term.

Polyester staple fiber

Today, polyester staple fiber market maintains finishing. Cost-side weakness on the market support in general, staple fiber market talks about a small adjustment of the focus. 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: 5846, lowest price: 5808, highest price: 5860, closing price: 5830, settlement price: 5830, down 14, position: 824279.

Ethylene glycol:July 22nd EG main contract 2409 opening price: 4654, lowest price: 4627, highest price: 4678, closing price: 4660, settlement price: 4653, down 6, position: 337220

V. production and marketing data of polyester market

Product2024.7.222024.7.19Rise and fallUnit
Polyester chip40%45%-5%%
Polyester filament40%55%-15%%
Polyester staple fiber20%20%0%%

VI. Future forecast

High fluctuations in the international crude oil market promote the formation of the market, polyester raw materials PTA and ethylene glycol market supply and demand end support, it is expected that the short-term market will be a narrow range of shocks, polyester raw materials end-driven, polyester market offer will be mainly adjusted slightly with the cost, downstream demand is weak, market production and sales light. 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.