On July 30th, the market price index of ethylene glycol was 4652.45, up 0.83 from the previous working day.
On July 30th, the domestic PTA market price index was 5740, down 70% from the previous working day.
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.
II. Summary of market price of polyester industry chain
Product | Specifications | Market | 2024.7.30 | 2024.7.29 | Rise and fall | Remarks |
PTA | Spot | East China | 5740 | 5810 | -70 | Self-withdrawing tax, yuan / ton |
Product | Specifications | Market | 2024.7.30 | 2024.7.29 | Rise and fall | Remarks |
Glycol | Polyester grade | East China | 4655 | 4660 | -5 | Self-withdrawing tax, yuan / ton |
Polyester grade | South China | 4700 | 4680 | + 20 | Short delivery including tax, yuan / ton | |
Product | Specifications | Market | 2024.7.30 | 2024.7.29 | Rise and fall | Remarks |
Polyester chip | Semi-light section | East China | 7025 | 7050 | -25 | Factory includes tax, yuan / ton |
Light slicing | 7050 | 7075 | -25 | Factory includes tax, yuan / ton | ||
Product | Specifications | Market | 2024.7.30 | 2024.7.29 | 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 | 2024.7.30 | 2024.7.29 | 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 | 2024.7.30 | 2024.7.29 | Rise and fall | Remarks |
Polyester staple yarn | Semi-glossy white 1.56: 38 | Jiangsu Province | 7625 | 7650 | -25 | Factory includes tax, yuan / ton |
Semi-glossy white 1.56: 38 | Zhejiang | 7625 | 7675 | -50 | Factory includes tax, yuan / ton |
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
Product | 2024.7.30 | 2024.7.29 | Rise and fall | Unit |
Polyester chip | 30% | 35% | -5% | % |
Polyester filament | 35% | 40% | -5% | % |
Polyester staple fiber | 50% | 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.