On July 22nd, the market price index of ethylene glycol was 4654.19, up 1.6 from the previous working day.
On July 22nd, the domestic PTA market price index was 5870, down 10% from the previous working day.
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.
II. Summary of market price of polyester industry chain
Product | Specifications | Market | 2024.7.22 | 2024.7.19 | Rise and fall | Remarks |
PTA | Spot | East China | 5870 | 5880 | -10 | Self-withdrawing tax, yuan / ton |
Product | Specifications | Market | 2024.7.22 | 2024.7.19 | Rise and fall | Remarks |
Glycol | Polyester grade | East China | 4680 | 4680 | 0 | Self-withdrawing tax, yuan / ton |
Polyester grade | South China | 4700 | 4690 | + 10 | Short delivery including tax, yuan / ton | |
Product | Specifications | Market | 2024.7.22 | 2024.7.19 | Rise and fall | Remarks |
Polyester chip | Semi-light section | East China | 7080 | 7090 | -10 | Factory includes tax, yuan / ton |
Light slicing | 7100 | 7100 | 0 | Factory includes tax, yuan / ton | ||
Product | Specifications | Market | 2024.7.22 | 2024.7.19 | Rise and fall | Remarks |
Polyester bottle chip | Aquarius level (IV.=0.8) | East China | 7090 | 7100 | -10 | Factory includes tax, yuan / ton |
Oil bottle grade | 7090 | 7100 | -10 | Factory includes tax, yuan / ton | ||
Hot pot grade | 7090 | 7100 | -10 | Factory includes tax, yuan / ton | ||
Carbonic acid grade | 7190 | 7200 | -10 | Factory includes tax, yuan / ton | ||
Aquarius level (IV.=0.8) | South China | 7090 | 7100 | -10 | Factory includes tax, yuan / ton | |
Oil bottle grade | 7090 | 7100 | -10 | Factory includes tax, yuan / ton | ||
Hot pot grade | 7090 | 7100 | -10 | Factory includes tax, yuan / ton | ||
Carbonic acid grade | 7190 | 7200 | -10 | Factory includes tax, yuan / ton | ||
Product | Specifications | Market | 2024.7.22 | 2024.7.19 | 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 | 2024.7.22 | 2024.7.19 | Rise and fall | Remarks |
Polyester staple yarn | Semi-glossy white 1.56: 38 | Jiangsu Province | 7700 | 7700 | 0 | Factory includes tax, yuan / ton |
Semi-glossy white 1.56: 38 | Zhejiang | 7750 | 7750 | 0 | Factory includes tax, yuan / ton |
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
Product | 2024.7.22 | 2024.7.19 | Rise and fall | Unit |
Polyester chip | 40% | 45% | -5% | % |
Polyester filament | 40% | 55% | -15% | % |
Polyester staple fiber | 20% | 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.