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On July 23, the market price index of ethylene glycol was 4653.99, down 13.25 from the previous working day.
On July 23, the domestic PTA market price index was 5860, down 10% from the previous working day.
On July 23, the market price index of polyester chips was 7070, down 10% from the previous working day, while the market price index of polyester bottle chips was 7075, down 15% from the previous working day.
II. Summary of market price of polyester industry chain
| Product | Specifications | Market | 2024.7.23 | 2024.7.22 | Rise and fall | Remarks |
| PTA | Spot | East China | 5860 | 5870 | -10 | Self-withdrawing tax, yuan / ton |
| Product | Specifications | Market | 2024.7.23 | 2024.7.22 | Rise and fall | Remarks |
| Glycol | Polyester grade | East China | 4665 | 4680 | -15 | Self-withdrawing tax, yuan / ton |
| Polyester grade | South China | 4680 | 4700 | -20 | Short delivery including tax, yuan / ton | |
| Product | Specifications | Market | 2024.7.23 | 2024.7.22 | Rise and fall | Remarks |
| Polyester chip | Semi-light section | East China | 7070 | 7080 | -10 | Factory includes tax, yuan / ton |
| Light slicing | 7100 | 7100 | 0 | Factory includes tax, yuan / ton | ||
| Product | Specifications | Market | 2024.7.23 | 2024.7.22 | Rise and fall | Remarks |
| Polyester bottle chip | Aquarius level (IV.=0.8) | East China | 7075 | 7090 | -15 | Factory includes tax, yuan / ton |
| Oil bottle grade | 7075 | 7090 | -15 | Factory includes tax, yuan / ton | ||
| Hot pot grade | 7075 | 7090 | -15 | Factory includes tax, yuan / ton | ||
| Carbonic acid grade | 7175 | 7190 | -15 | Factory includes tax, yuan / ton | ||
| Aquarius level (IV.=0.8) | South China | 7075 | 7090 | -15 | Factory includes tax, yuan / ton | |
| Oil bottle grade | 7075 | 7090 | -15 | Factory includes tax, yuan / ton | ||
| Hot pot grade | 7075 | 7090 | -15 | Factory includes tax, yuan / ton | ||
| Carbonic acid grade | 7175 | 7190 | -15 | Factory includes tax, yuan / ton | ||
| Product | Specifications | Market | 2024.7.23 | 2024.7.22 | Rise and fall | Remarks |
| Polyester filament | Jiangsu and Zhejiang market POY150D/48F | East China | 7675 | 7990 | -315 | Factory includes tax, yuan / ton |
| Jiangsu and Zhejiang market FDY150D/96F | 8250 | 8475 | -225 | Factory includes tax, yuan / ton | ||
| Jiangsu and Zhejiang market DTY150D/48F | 9225 | 9425 | -200 | Factory includes tax, yuan / ton | ||
| Jiangsu and Zhejiang market POY75D/72F | 7850 | 8150 | -300 | Factory includes tax, yuan / ton | ||
| Product | Specifications | Market | 2024.7.23 | 2024.7.22 | 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 5860 yuan / ton. This week and next week, the main port and warehouse receipt delivery 09 contract Shengshui 30-50 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 weak. Cost end weakening, ethylene glycol market negotiations focus on a slight correction, East China quotation around 4665 yuan / ton, down 15 yuan / ton compared with the previous working day. The quotation in South China is around 4680 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 offer is loose, the negotiation center of gravity pulls back slightly. Downstream rigid demand replenishment, part of the market production and sales improvement. 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. The polyester raw material market is weak, the cost end support is general, the bottle chip manufacturer's offer is stable, and the low-end offer is increasing. 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, the market of polyester filament is weak and declining. Polyester raw material market is weak to the lack of market support, polyester mainstream manufacturers are more willing to ship, manufacturers offer down 100-350 yuan / ton, the focus of market negotiations fell sharply. Downstream concentrated replenishment, market production and sales rebounded. 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: 5808, lowest price: 5808, highest price: 5842, closing price: 5810, settlement price: 5820, down 20%, position: 821432.
Ethylene glycol:July 23 EG main contract 2409 opening price: 4643, lowest price: 4629, highest price: 4660, closing price: 4634, settlement price: 4643, down 19, position: 321541.
V. production and marketing data of polyester market
| Product | 2024.7.23 | 2024.7.22 | Rise and fall | Unit |
| Polyester chip | 80% | 40% | + 40% | % |
| Polyester filament | 240% | 40% | + 200% | % |
| 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 mainly adjust slightly with the cost, downstream rigid demand follow-up, market production and sales pick up. 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.
