On August 9th, the market price index of ethylene glycol was 4607.37, down 1.60 from the previous working day.
On August 9th, the domestic PTA market price index was 5525, down 55% from the previous working day.
On August 9, the market price index of polyester chips was 6875, down 25% from the previous working day, while the market price index of polyester bottle chips was 6925, down 50% from the previous working day.
II. Summary of market price of polyester industry chain
Product | Specifications | Market | 2024.8.9 | 2024.8.8 | Rise and fall | Remarks |
PTA | Spot | East China | 5525 | 5580 | -55 | Self-withdrawing tax, yuan / ton |
Product | Specifications | Market | 2024.8.9 | 2024.8.8 | Rise and fall | Remarks |
Glycol | Polyester grade | East China | 4570 | 4590 | -20 | Self-withdrawing tax, yuan / ton |
Polyester grade | South China | 4670 | 4670 | 0 | Short delivery including tax, yuan / ton | |
Product | Specifications | Market | 2024.8.9 | 2024.8.8 | Rise and fall | Remarks |
Polyester chip | Semi-light section | East China | 6875 | 6900 | -25 | Factory includes tax, yuan / ton |
Light slicing | 6900 | 6925 | -25 | Factory includes tax, yuan / ton | ||
Product | Specifications | Market | 2024.8.9 | 2024.8.8 | Rise and fall | Remarks |
Polyester bottle chip | Aquarius level (IV.=0.8) | East China | 6925 | 6975 | -50 | Factory includes tax, yuan / ton |
Oil bottle grade | 6925 | 6975 | -50 | Factory includes tax, yuan / ton | ||
Hot pot grade | 6925 | 6975 | -50 | Factory includes tax, yuan / ton | ||
Carbonic acid grade | 7025 | 7075 | -50 | Factory includes tax, yuan / ton | ||
Aquarius level (IV.=0.8) | South China | 6925 | 6975 | -50 | Factory includes tax, yuan / ton | |
Oil bottle grade | 6925 | 6975 | -50 | Factory includes tax, yuan / ton | ||
Hot pot grade | 6925 | 6975 | -50 | Factory includes tax, yuan / ton | ||
Carbonic acid grade | 7025 | 7075 | -50 | Factory includes tax, yuan / ton | ||
Product | Specifications | Market | 2024.8.9 | 2024.8.8 | Rise and fall | Remarks |
Polyester filament | Jiangsu and Zhejiang market POY150D/48F | East China | 7500 | 7600 | -100 | Factory includes tax, yuan / ton |
Jiangsu and Zhejiang market FDY150D/96F | 8025 | 8125 | -100 | Factory includes tax, yuan / ton | ||
Jiangsu and Zhejiang market DTY150D/48F | 9050 | 9150 | -100 | Factory includes tax, yuan / ton | ||
Jiangsu and Zhejiang market POY75D/72F | 7650 | 7750 | -100 | Factory includes tax, yuan / ton | ||
Product | Specifications | Market | 2024.8.9 | 2024.8.8 | Rise and fall | Remarks |
Polyester staple yarn | Semi-glossy white 1.56: 38 | Jiangsu Province | 7475 | 7525 | -50 | Factory includes tax, yuan / ton |
Semi-glossy white 1.56: 38 | Zhejiang | 7475 | 7525 | -50 | Factory includes tax, yuan / ton |
PTA
Today, the East China PTA spot market continues to pull back, with a reference of 5525 yuan / ton. This week and next week, the main port and warehouse receipt delivery 09 contract discount 15-25 near the transaction and negotiations, the spot spread weakened. The weak commodity atmosphere suppresses the market mentality, and the PTA futures market continues to fall. 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. Short market sentiment depressed, the focus of ethylene glycol market negotiations fell slightly, East China quotation around 4570 yuan / ton, down 20 yuan / ton compared with the previous working day. The quotation in South China is around 4670 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 remains weak, the cost end support is insufficient, the polyester chip market offer is lowered, the market negotiation center of gravity continues to decline. 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. Polyester raw material market fell, the cost end support is insufficient, some 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 falls back and finishes. Polyester raw materials market weakness to support the market in general, polyester market mainstream offer down 100-150, the focus of market negotiations fell. 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
Today, the polyester staple fiber market continues to decline. The weakening of the cost end suppressed the formation of 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: 5572, lowest price: 5468, highest price: 5576, closing price: 5548, settlement price: 5578, down 44, position: 707632.
Ethylene glycol:EG main contract 2409 opening price: 4515, lowest price: 4502, highest price: 4549, closing price: 4532, settlement price: 4562, down 17, position: 206316.
V. production and marketing data of polyester market
Product | 2024.8.9 | 2024.8.8 | Rise and fall | Unit |
Polyester chip | 45% | 70% | -25% | % |
Polyester filament | 65% | 40% | + 25% | % |
Polyester staple fiber | 40% | 50% | -10% | % |
VI. Future forecast
The international crude oil market concussion, the commodity market atmosphere is weak, suppresses the market formation, the polyester raw material PTA and the ethylene glycol market supply and demand end support, the short-term market will be weak concussion, the polyester raw material end promotion, the polyester market offer will mainly adjust slightly along with the cost, the downstream demand is weak, the market production and sale 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.