On July 31, the market price index of ethylene glycol was 4662.77, up 10.31 from the previous working day.
On July 31st, the domestic PTA market price index was 5750, up 10% from the previous working day.
On July 31, the market price index of polyester chips was 7025, which was the same as that of the previous working day, while that of polyester bottle chips was 7050, which was the same as that of the previous working day.
II. Summary of market price of polyester industry chain
Product | Specifications | Market | 2024.7.31 | 2024.7.30 | Rise and fall | Remarks |
PTA | Spot | East China | 5750 | 5740 | + 10 | Self-withdrawing tax, yuan / ton |
Product | Specifications | Market | 2024.7.31 | 2024.7.30 | Rise and fall | Remarks |
Glycol | Polyester grade | East China | 4670 | 4655 | + 15 | Self-withdrawing tax, yuan / ton |
Polyester grade | South China | 4720 | 4700 | + 20 | Short delivery including tax, yuan / ton | |
Product | Specifications | Market | 2024.7.31 | 2024.7.30 | Rise and fall | Remarks |
Polyester chip | Semi-light section | East China | 7025 | 7025 | 0 | Factory includes tax, yuan / ton |
Light slicing | 7050 | 7050 | 0 | Factory includes tax, yuan / ton | ||
Product | Specifications | Market | 2024.7.31 | 2024.7.30 | Rise and fall | Remarks |
Polyester bottle chip | Aquarius level (IV.=0.8) | East China | 7050 | 7050 | 0 | Factory includes tax, yuan / ton |
Oil bottle grade | 7050 | 7050 | 0 | Factory includes tax, yuan / ton | ||
Hot pot grade | 7050 | 7050 | 0 | Factory includes tax, yuan / ton | ||
Carbonic acid grade | 7150 | 7150 | 0 | Factory includes tax, yuan / ton | ||
Aquarius level (IV.=0.8) | South China | 7050 | 7050 | 0 | Factory includes tax, yuan / ton | |
Oil bottle grade | 7050 | 7050 | 0 | Factory includes tax, yuan / ton | ||
Hot pot grade | 7050 | 7050 | 0 | Factory includes tax, yuan / ton | ||
Carbonic acid grade | 7150 | 7150 | 0 | Factory includes tax, yuan / ton | ||
Product | Specifications | Market | 2024.7.31 | 2024.7.30 | 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 | 2024.7.31 | 2024.7.30 | Rise and fall | Remarks |
Polyester staple yarn | Semi-glossy white 1.56: 38 | Jiangsu Province | 7650 | 7625 | + 25 | Factory includes tax, yuan / ton |
Semi-glossy white 1.56: 38 | Zhejiang | 7625 | 7625 | 0 | Factory includes tax, yuan / ton |
PTA
Today, the spot market of PTA in East China is narrow and strong, so we can negotiate around 5750 yuan / ton. This week and next week, the main port and warehouse receipt delivery 09 contract Shengshui 15-20 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. 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 commodity atmosphere improved, boosting the market mentality, and the focus of negotiations in the ethylene glycol market rose slightly. The quotation in East China revolved around 4670 yuan / ton, up 15 yuan / ton from the previous working day. The quotation in South China is around 4720 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. Polyester raw material PTA market is strong, the cost end support is stable, the polyester chip market offer is stable, the market negotiation center of gravity is adjusted slightly. Downstream rigid demand follow-up, market production and marketing improved. 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 strong, the cost end forms the support, the mainstream bottle chip manufacturer offers are stable, the market negotiation center of gravity adjusts slightly. Downstream cautious follow-up, market trading turned weak. 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 stronger to support the market, polyester mainstream manufacturers offer stability, market negotiations to maintain the focus of finishing. 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
Today, the market for polyester staple fiber is narrow and strong. The rise in the cost side promoted the market, and the focus of negotiations in the staple fiber market rose slightly. Downstream active follow-up, market production and sales rebounded. 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: 5698, lowest price: 5684, highest price: 5780, closing price: 5776, settlement price: 5730, up 58, position: 788218.
Ethylene glycol:EG main contract 2409 opening price: 4580, lowest price: 4565, highest price: 4658, closing price: 4654, settlement price: 4614, up 27, position: 252559.
V. production and marketing data of polyester market
Product | 2024.7.31 | 2024.7.30 | Rise and fall | Unit |
Polyester chip | 70% | 30% | + 40% | % |
Polyester filament | 40% | 35% | + 5% | % |
Polyester staple fiber | 100% | 50% | + 50% | % |
VI. Future forecast
The international crude oil market rebounded, forming a boost to 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 rebounded. 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.