On July 26th, the market price index of ethylene glycol was 4642.14, up 10.31 from the previous working day.
On July 26th, the domestic PTA market price index was 5795, down 5% from the previous working day.
On July 26th, the market price index of polyester chips was 7050, unchanged from the previous working day, while the market price index of polyester bottle chips was 7075, up 25% from the previous working day.
II. Summary of market price of polyester industry chain
Product | Specifications | Market | 2024.7.26 | 2024.7.25 | Rise and fall | Remarks |
PTA | Spot | East China | 5795 | 5800 | -5 | Self-withdrawing tax, yuan / ton |
Product | Specifications | Market | 2024.7.26 | 2024.7.25 | Rise and fall | Remarks |
Glycol | Polyester grade | East China | 4640 | 4625 | + 15 | Self-withdrawing tax, yuan / ton |
Polyester grade | South China | 4680 | 4660 | + 20 | Short delivery including tax, yuan / ton | |
Product | Specifications | Market | 2024.7.26 | 2024.7.25 | Rise and fall | Remarks |
Polyester chip | Semi-light section | East China | 7050 | 7050 | 0 | Factory includes tax, yuan / ton |
Light slicing | 7075 | 7075 | 0 | Factory includes tax, yuan / ton | ||
Product | Specifications | Market | 2024.7.26 | 2024.7.25 | Rise and fall | Remarks |
Polyester bottle chip | Aquarius level (IV.=0.8) | East China | 7075 | 7050 | + 25 | Factory includes tax, yuan / ton |
Oil bottle grade | 7075 | 7050 | + 25 | Factory includes tax, yuan / ton | ||
Hot pot grade | 7075 | 7050 | + 25 | Factory includes tax, yuan / ton | ||
Carbonic acid grade | 7175 | 7150 | + 25 | Factory includes tax, yuan / ton | ||
Aquarius level (IV.=0.8) | South China | 7075 | 7050 | + 25 | Factory includes tax, yuan / ton | |
Oil bottle grade | 7075 | 7050 | + 25 | Factory includes tax, yuan / ton | ||
Hot pot grade | 7075 | 7050 | + 25 | Factory includes tax, yuan / ton | ||
Carbonic acid grade | 7175 | 7150 | + 25 | Factory includes tax, yuan / ton | ||
Product | Specifications | Market | 2024.7.26 | 2024.7.25 | Rise and fall | Remarks |
Polyester filament | Jiangsu and Zhejiang market POY150D/48F | East China | 7750 | 7750 | 0 | Factory includes tax, yuan / ton |
Jiangsu and Zhejiang market FDY150D/96F | 8300 | 8300 | 0 | Factory includes tax, yuan / ton | ||
Jiangsu and Zhejiang market DTY150D/48F | 9250 | 9250 | 0 | Factory includes tax, yuan / ton | ||
Jiangsu and Zhejiang market POY75D/72F | 7900 | 7900 | 0 | Factory includes tax, yuan / ton | ||
Product | Specifications | Market | 2024.7.26 | 2024.7.25 | Rise and fall | Remarks |
Polyester staple yarn | Semi-glossy white 1.56: 38 | Jiangsu Province | 7650 | 7650 | 0 | Factory includes tax, yuan / ton |
Semi-glossy white 1.56: 38 | Zhejiang | 7675 | 7675 | 0 | Factory includes tax, yuan / ton |
PTA
Today, the spot market of PTA in East China is maintained and sorted out, and it is discussed for reference near 5795 yuan / ton. This week and next week, the main port and warehouse receipt delivery 09 contract Shengshui 30-40 near the transaction and negotiations, the spot spread weakened. The international crude oil market rose, boosting the market mentality, and the PTA futures market rose 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 strong. The cost end was strong, and the focus of negotiations in the ethylene glycol market rose slightly. The quotation in East China was around 4640 yuan / ton, up 15 yuan / ton from 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 narrowly arranged. The polyester raw material market is strong, the cost end support is stable, the polyester chip market offer is stable, and the focus of market negotiation is adjusted slightly. Downstream rigid demand replenishment, market production and sales rebounded. 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 within a narrow range. The polyester raw material market is strong, the cost end forms the support, the mainstream bottle chip manufacturer offers are stable, the market low-end negotiation has reduced. 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 strong to support the market, polyester mainstream manufacturers offer stability, the focus of market negotiations to maintain horizontal trading. Downstream demand weakens, market production and marketing is relatively weak. 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 fluctuates in a narrow range today. The cost side is strong to support the market, and the focus of negotiations in the staple fiber market remains stable. Downstream cautious wait-and-see, market production and sales slightly improved. 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: 5726, lowest price: 5706, highest price: 5808, closing price: 5794, settlement price: 5762, up 30%, position: 832179.
Ethylene glycol:EG main contract 2409 opening price: 4592, lowest price: 4586, highest price: 4644, closing price: 4632, settlement price: 4616, up 25, position: 281444.
V. production and marketing data of polyester market
Product | 2024.7.26 | 2024.7.25 | Rise and fall | Unit |
Polyester chip | 90% | 60% | + 30% | % |
Polyester filament | 35% | 80% | -45% | % |
Polyester staple fiber | 60% | 30% | + 30% | % |
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 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.