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On July 24, the market price index of ethylene glycol was 4631.06, down 22.93 from the previous working day.
On July 24th, the domestic PTA market price index was 5835, down 25% from the previous working day.
On July 24, the market price index of polyester chips was 7050, down 20% from the previous working day; the market price index of polyester bottle chips was 7050, down 25% from the previous working day.
II. Summary of market price of polyester industry chain
| Product | Specifications | Market | 2024.7.24 | 2024.7.23 | Rise and fall | Remarks |
| PTA | Spot | East China | 5835 | 5860 | -25 | Self-withdrawing tax, yuan / ton |
| Product | Specifications | Market | 2024.7.24 | 2024.7.23 | Rise and fall | Remarks |
| Glycol | Polyester grade | East China | 4620 | 4665 | -45 | Self-withdrawing tax, yuan / ton |
| Polyester grade | South China | 4670 | 4680 | -10 | Short delivery including tax, yuan / ton | |
| Product | Specifications | Market | 2024.7.24 | 2024.7.23 | Rise and fall | Remarks |
| Polyester chip | Semi-light section | East China | 7050 | 7070 | -20 | Factory includes tax, yuan / ton |
| Light slicing | 7075 | 7100 | -25 | Factory includes tax, yuan / ton | ||
| Product | Specifications | Market | 2024.7.24 | 2024.7.23 | Rise and fall | Remarks |
| Polyester bottle chip | Aquarius level (IV.=0.8) | East China | 7050 | 7075 | -25 | Factory includes tax, yuan / ton |
| Oil bottle grade | 7050 | 7075 | -25 | Factory includes tax, yuan / ton | ||
| Hot pot grade | 7050 | 7075 | -25 | Factory includes tax, yuan / ton | ||
| Carbonic acid grade | 7150 | 7175 | -25 | Factory includes tax, yuan / ton | ||
| Aquarius level (IV.=0.8) | South China | 7050 | 7075 | -25 | Factory includes tax, yuan / ton | |
| Oil bottle grade | 7050 | 7075 | -25 | Factory includes tax, yuan / ton | ||
| Hot pot grade | 7050 | 7075 | -25 | Factory includes tax, yuan / ton | ||
| Carbonic acid grade | 7150 | 7175 | -25 | Factory includes tax, yuan / ton | ||
| Product | Specifications | Market | 2024.7.24 | 2024.7.23 | Rise and fall | Remarks |
| Polyester filament | Jiangsu and Zhejiang market POY150D/48F | East China | 7675 | 7675 | 0 | Factory includes tax, yuan / ton |
| Jiangsu and Zhejiang market FDY150D/96F | 8250 | 8250 | 0 | Factory includes tax, yuan / ton | ||
| Jiangsu and Zhejiang market DTY150D/48F | 9225 | 9225 | 0 | Factory includes tax, yuan / ton | ||
| Jiangsu and Zhejiang market POY75D/72F | 7850 | 7850 | 0 | Factory includes tax, yuan / ton | ||
| Product | Specifications | Market | 2024.7.24 | 2024.7.23 | Rise and fall | Remarks |
| Polyester staple yarn | Semi-glossy white 1.56: 38 | Jiangsu Province | 7650 | 7700 | -50 | Factory includes tax, yuan / ton |
| Semi-glossy white 1.56: 38 | Zhejiang | 7675 | 7750 | -75 | Factory includes tax, yuan / ton |
PTA
Today, the spot market of PTA in East China is weak, and we will consult around 5835 yuan / ton. This week and next week, the main port and warehouse receipt delivery 09 contract Shengshui 40-50 near the transaction and negotiations, the spot basis is strong. 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 4620 yuan / ton, down 45 yuan / ton compared with the previous working day. The quotation in South China is around 4670 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. The polyester raw material market is weak, the cost end support is insufficient, the polyester chip market offer is lowered, the market negotiation center of gravity pulls back slightly. Downstream demand weakens, the market production and marketing is general. It is expected that the polyester chip market will maintain the finishing operation in the short term.
Polyester bottle chip
The market for polyester bottle chips is narrowly weak today. Polyester raw material market is weak, cost end support is general, some bottle chip manufacturers offer lower, market negotiation center of gravity 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. Polyester raw material market is weak to support the market in general, polyester mainstream manufacturers offer stability, the focus of market negotiations to maintain horizontal trading. Downstream rigid demand replenishment, part of the market production and marketing is OK. It is expected that the market price of filament will be arranged in a narrow range in the short term.
Polyester staple fiber
Polyester staple fiber market fell narrowly today. The weak end of the cost is not enough to support the market, and the focus of negotiations in the staple fiber market is slightly lower. Downstream cautious wait-and-see, the market production and sales 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: 5804, lowest price: 5774, highest price: 5816, closing price: 5802, settlement price: 5794, down 18, position: 830738.
Ethylene glycol:July 24 EG main contract 2409 opening price: 4626, lowest price: 4578, highest price: 4630, closing price: 4604, settlement price: 4603, down 39, position: 297874.
V. production and marketing data of polyester market
| Product | 2024.7.24 | 2024.7.23 | Rise and fall | Unit |
| Polyester chip | 45% | 80% | -35% | % |
| Polyester filament | 200 per cent | 240% | -40% | % |
| Polyester staple fiber | 45% | 20% | + 25% | % |
VI. Future forecast
The decline in the international crude oil market has suppressed 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 rigid demand follow-up, market production and sales vary. 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.
