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Polyester industry chain: The raw material end declines and the polyester market trend weakens

100,201
July 30, 2024, 4:16 PM
  1. Market trend chart of polyester industry chain

On July 30th, the market price index of ethylene glycol was 4652.45, up 0.83 from the previous working day.

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On July 30th, the domestic PTA market price index was 5740, down 70% from the previous working day.

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On July 30th, the market price index of polyester chips was 7025, down 25% from the previous working day; the market price index of polyester bottle chips was 7050, down 25% from the previous working day.

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II. Summary of market price of polyester industry chain

ProductSpecificationsMarket2024.7.302024.7.29Rise and fallRemarks
PTASpotEast China57405810-70Self-withdrawing tax, yuan / ton
ProductSpecificationsMarket2024.7.302024.7.29Rise and fallRemarks
GlycolPolyester gradeEast China46554660-5Self-withdrawing tax, yuan / ton
Polyester gradeSouth China47004680+ 20Short delivery including tax, yuan / ton
ProductSpecificationsMarket2024.7.302024.7.29Rise and fallRemarks
Polyester chipSemi-light sectionEast China70257050-25Factory includes tax, yuan / ton
Light slicing70507075-25Factory includes tax, yuan / ton
ProductSpecificationsMarket2024.7.302024.7.29Rise and fallRemarks
Polyester bottle chipAquarius level (IV.=0.8)East China70507075-25Factory includes tax, yuan / ton
Oil bottle grade70507075-25Factory includes tax, yuan / ton
Hot pot grade70507075-25Factory includes tax, yuan / ton
Carbonic acid grade71507175-25Factory includes tax, yuan / ton
Aquarius level (IV.=0.8)South China70507075-25Factory includes tax, yuan / ton
Oil bottle grade70507075-25Factory includes tax, yuan / ton
Hot pot grade70507075-25Factory includes tax, yuan / ton
Carbonic acid grade71507175-25Factory includes tax, yuan / ton
ProductSpecificationsMarket2024.7.302024.7.29Rise and fallRemarks
Polyester filamentJiangsu and Zhejiang market POY150D/48FEast China775077500Factory includes tax, yuan / ton
Jiangsu and Zhejiang market FDY150D/96F830083000Factory includes tax, yuan / ton
Jiangsu and Zhejiang market DTY150D/48F925092500Factory includes tax, yuan / ton
Jiangsu and Zhejiang market POY75D/72F790079000Factory includes tax, yuan / ton
ProductSpecificationsMarket2024.7.302024.7.29Rise and fallRemarks
Polyester staple yarnSemi-glossy white 1.56: 38Jiangsu Province76257650-25Factory includes tax, yuan / ton
Semi-glossy white 1.56: 38Zhejiang76257675-50Factory includes tax, yuan / ton
  1. Brief introduction of Polyester Industry chain Market

PTA

Today, the spot market of PTA in East China has fluctuated and dropped, with a reference of 5740 yuan / ton. This week and next week, the main port and warehouse receipt delivery 09 contract Shengshui 20-30 near the transaction and negotiations, the spot spread weakened. The international crude oil market fell, suppressing the market mentality, and the PTA futures market fell 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 in a narrow range. Supply and demand end support, the focus of ethylene glycol market negotiations fluctuated slightly, East China quotation around 4655 yuan / ton, down 5 yuan / ton compared with 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, the polyester chip market is weak. Polyester raw material PTA market fell, cost-end support weakened, polyester chip market low-end offer increased, the focus of market negotiations slightly lower. Downstream demand weakens, the market production and marketing is depressed. 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 is narrow and weak. The polyester raw material market fell, the cost end formed a crackdown, some bottle chip manufacturers offered lower, and the focus of market negotiations tended to be low-end. Downstream cautious follow-up, maintain rigid demand replenishment-based. 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 materials market decline in the lack of market support, polyester mainstream manufacturers offer stability, individual narrow adjustment, the focus of market negotiations to maintain horizontal trading. The downstream demand is weak, and the market production and marketing is light. 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 decline in the cost side has depressed the market, and the focus of negotiations in the staple fiber market has adjusted slightly. Downstream cautious wait-and-see, market production and marketing in general. 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: 5762, lowest price: 5682, highest price: 5764, closing price: 5698, settlement price: 5718, down 80, position: 843772.

Ethylene glycol:EG main contract 2409 opening price: 4637, lowest price: 4583, highest price: 4670, closing price: 4585, settlement price: 4627, down 35, position: 262379.

V. production and marketing data of polyester market

Product2024.7.302024.7.29Rise and fallUnit
Polyester chip30%35%-5%%
Polyester filament35%40%-5%%
Polyester staple fiber50%60%-10%%

VI. Future forecast

The international crude oil market weakens, suppresses the formation of the market, polyester raw material PTA and ethylene glycol market supply and demand end support, it is expected that the short-term market will be narrow shock, polyester raw material end-driven, polyester market offer will be mainly adjusted slightly with the cost, downstream demand is weak, market production and sales weakens. 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.