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On August 6th, the market price index of ethylene glycol was 4633.50, down 16.59 from the previous working day.
The domestic PTA market price index was 5640 on Aug. 6, down 60% from the previous working day.
On August 6th, the market price index of polyester chips was 6950, down 50% from the previous working day, while the market price index of polyester bottle chips was 7025, down 25% from the previous working day.
II. Summary of market price of polyester industry chain
| Product | Specifications | Market | 2024.8.6 | 2024.8.5 | Rise and fall | Remarks |
| PTA | Spot | East China | 5640 | 5700 | -60 | Self-withdrawing tax, yuan / ton |
| Product | Specifications | Market | 2024.8.6 | 2024.8.5 | Rise and fall | Remarks |
| Glycol | Polyester grade | East China | 4615 | 4650 | -35 | Self-withdrawing tax, yuan / ton |
| Polyester grade | South China | 4700 | 4700 | 0 | Short delivery including tax, yuan / ton | |
| Product | Specifications | Market | 2024.8.6 | 2024.8.5 | Rise and fall | Remarks |
| Polyester chip | Semi-light section | East China | 6950 | 7000 | -50 | Factory includes tax, yuan / ton |
| Light slicing | 6975 | 7025 | -50 | Factory includes tax, yuan / ton | ||
| Product | Specifications | Market | 2024.8.6 | 2024.8.5 | Rise and fall | Remarks |
| Polyester bottle chip | Aquarius level (IV.=0.8) | East China | 7025 | 7050 | -25 | Factory includes tax, yuan / ton |
| Oil bottle grade | 7025 | 7050 | -25 | Factory includes tax, yuan / ton | ||
| Hot pot grade | 7025 | 7050 | -25 | Factory includes tax, yuan / ton | ||
| Carbonic acid grade | 7125 | 7150 | -25 | Factory includes tax, yuan / ton | ||
| Aquarius level (IV.=0.8) | South China | 7025 | 7050 | -25 | Factory includes tax, yuan / ton | |
| Oil bottle grade | 7025 | 7050 | -25 | Factory includes tax, yuan / ton | ||
| Hot pot grade | 7025 | 7050 | -25 | Factory includes tax, yuan / ton | ||
| Carbonic acid grade | 7125 | 7150 | -25 | Factory includes tax, yuan / ton | ||
| Product | Specifications | Market | 2024.8.6 | 2024.8.5 | Rise and fall | Remarks |
| Polyester filament | Jiangsu and Zhejiang market POY150D/48F | East China | 7600 | 7750 | -150 | Factory includes tax, yuan / ton |
| Jiangsu and Zhejiang market FDY150D/96F | 8125 | 8300 | -175 | Factory includes tax, yuan / ton | ||
| Jiangsu and Zhejiang market DTY150D/48F | 9150 | 9250 | -100 | Factory includes tax, yuan / ton | ||
| Jiangsu and Zhejiang market POY75D/72F | 7750 | 7900 | -150 | Factory includes tax, yuan / ton | ||
| Product | Specifications | Market | 2024.8.6 | 2024.8.5 | Rise and fall | Remarks |
| Polyester staple yarn | Semi-glossy white 1.56: 38 | Jiangsu Province | 7575 | 7625 | -50 | Factory includes tax, yuan / ton |
| Semi-glossy white 1.56: 38 | Zhejiang | 7575 | 7625 | -50 | Factory includes tax, yuan / ton |
PTA
Today, the East China PTA spot market continues to pull back, with a reference of 5640 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 weakened. 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, and the quotation in East China was around 4615 yuan / ton, down 35 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 lowered, the market negotiation center of gravity continues to decline. Downstream rigid demand to follow up, part of the market production and marketing is OK. 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. Polyester raw material market fell, the cost end support is insufficient, individual bottle chip manufacturers offer down, the focus of market negotiations tend to be low-end. Downstream cautious follow-up, light market trading. It is expected that the short-term lactone bottle chip market may maintain finishing.
Polyester filament
Today, the market of polyester filament is weak and declining. The polyester raw material market falls to the market support is insufficient, the polyester silk manufacturer shipping intention is strong, the market mainstream offer falls, the market negotiation center of gravity falls. Downstream rigid demand procurement, market production and marketing in general. 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 2409 contract opening price: 5638, lowest price: 5590, highest price: 5674, closing price: 5592, settlement price: 5636, down 98, position: 759978.
Ethylene glycol:EG main contract 2409 opening price: 4571, lowest price: 4560, highest price: 4612, closing price: 4567, settlement price: 4584, down 47, position: 217374.
V. production and marketing data of polyester market
| Product | 2024.8.6 | 2024.8.5 | Rise and fall | Unit |
| Polyester chip | 70% | 45% | + 25% | % |
| Polyester filament | 40% | 30% | + 10% | % |
| Polyester staple fiber | 50% | 45% | + 5% | % |
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.
