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Polyester industry chain: The decline at the cost side continues to weaken the polyester market

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August 5, 2024, 4:08 PM
  1. Market trend chart of polyester industry chain

On August 5th, the market price index of ethylene glycol was 4650.09, down 15.05 from the previous working day.

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The domestic PTA market price index was 5700 on Aug. 5, down 95% from the previous working day.

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On August 5th, the market price index of polyester chips was 7000, down 25% from the previous working day, while 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

ProductSpecificationsMarket2024.8.52024.8.2Rise and fallRemarks
PTASpotEast China57005795-95Self-withdrawing tax, yuan / ton
ProductSpecificationsMarket2024.8.52024.8.2Rise and fallRemarks
GlycolPolyester gradeEast China46504675-25Self-withdrawing tax, yuan / ton
Polyester gradeSouth China47004720-20Short delivery including tax, yuan / ton
ProductSpecificationsMarket2024.8.52024.8.2Rise and fallRemarks
Polyester chipSemi-light sectionEast China70007025-25Factory includes tax, yuan / ton
Light slicing70257050-25Factory includes tax, yuan / ton
ProductSpecificationsMarket2024.8.52024.8.2Rise 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
ProductSpecificationsMarket2024.8.52024.8.2Rise 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
ProductSpecificationsMarket2024.8.52024.8.2Rise and fallRemarks
Polyester staple yarnSemi-glossy white 1.56: 38Jiangsu Province76257675-50Factory includes tax, yuan / ton
Semi-glossy white 1.56: 38Zhejiang76257650-25Factory includes tax, yuan / ton
  1. Brief introduction of Polyester Industry chain Market

PTA

Today, the East China PTA spot market has a narrow callback, with a reference of 5700 yuan / ton. This week and next week, the main port and warehouse receipt delivery 09 contract Shengshui 12-15 near the transaction and negotiations, the spot basis is stable. The international crude oil market fell, suppressing the market mentality, and the PTA futures market fell. 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. Under the pressure of the decline in the cost end, the focus of negotiations in the ethylene glycol market fell slightly, with the quotation in East China around 4650 yuan / ton, down 25 yuan / ton from the previous working day. The quotation in South China is around 4700 yuan / ton. Ethylene glycol port inventory rose, the market support weakened. 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, the cost end support is insufficient, the polyester chip market offer is loose, the market negotiation center of gravity is slightly lower. Downstream demand weakens, market production and sales decline. 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 fell, the cost end support is insufficient, the mainstream bottle chip manufacturers offer down 80-100 yuan / ton, the market negotiation center of gravity is slightly lower. Downstream cautious follow-up, 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. The polyester raw material market falls to the market support is insufficient, the polyester mainstream manufacturer mainstream offer is stable, the partial transaction center of gravity is down, the market negotiation center of gravity maintains the arrangement. 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

The market of polyester staple fiber fell slightly today. The decline in the cost side depressed the market, and the focus of negotiations in the staple fiber market fell slightly. Downstream demand follow-up is general, market production and marketing is 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: 5730, lowest price: 5648, highest price: 5746, closing price: 5654, settlement price: 5690, down 130, position: 758876.

Ethylene glycol:EG main contract 2409 opening price: 4645, lowest price: 4576, highest price: 4646, closing price: 4583, settlement price: 4614, down 80, position: 224032.

V. production and marketing data of polyester market

Product2024.8.52024.8.2Rise and fallUnit
Polyester chip45%60%-15%%
Polyester filament30%45%-15%%
Polyester staple fiber45%60%-15%%

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 demand is weak, market production and marketing is light. 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.