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On August 12th, the market price index of ethylene glycol was 4610.50, up 3.14 from the previous working day.
On August 12th, the domestic PTA market price index was 5525, up 25% from the previous working day.
On August 12, the market price index of polyester chips was 6850, down 25% from the previous working day; the market price index of polyester bottle chips was 6900, down 25% from the previous working day.
II. Summary of market price of polyester industry chain
| Product | Specifications | Market | 2024.8.12 | 2024.8.9 | Rise and fall | Remarks |
| PTA | Spot | East China | 5525 | 5500 | + 25 | Self-withdrawing tax, yuan / ton |
| Product | Specifications | Market | 2024.8.12 | 2024.8.9 | Rise and fall | Remarks |
| Glycol | Polyester grade | East China | 4580 | 4570 | + 10 | Self-withdrawing tax, yuan / ton |
| Polyester grade | South China | 4660 | 4670 | -10 | Short delivery including tax, yuan / ton | |
| Product | Specifications | Market | 2024.8.12 | 2024.8.9 | Rise and fall | Remarks |
| Polyester chip | Semi-light section | East China | 6850 | 6875 | -25 | Factory includes tax, yuan / ton |
| Light slicing | 6875 | 6900 | -25 | Factory includes tax, yuan / ton | ||
| Product | Specifications | Market | 2024.8.12 | 2024.8.9 | Rise and fall | Remarks |
| Polyester bottle chip | Aquarius level (IV.=0.8) | East China | 6900 | 6925 | -25 | Factory includes tax, yuan / ton |
| Oil bottle grade | 6900 | 6925 | -25 | Factory includes tax, yuan / ton | ||
| Hot pot grade | 6900 | 6925 | -25 | Factory includes tax, yuan / ton | ||
| Carbonic acid grade | 7000 | 7025 | -25 | Factory includes tax, yuan / ton | ||
| Aquarius level (IV.=0.8) | South China | 6900 | 6925 | -25 | Factory includes tax, yuan / ton | |
| Oil bottle grade | 6900 | 6925 | -25 | Factory includes tax, yuan / ton | ||
| Hot pot grade | 6900 | 6925 | -25 | Factory includes tax, yuan / ton | ||
| Carbonic acid grade | 7000 | 7025 | -25 | Factory includes tax, yuan / ton | ||
| Product | Specifications | Market | 2024.8.12 | 2024.8.9 | Rise and fall | Remarks |
| Polyester filament | Jiangsu and Zhejiang market POY150D/48F | East China | 7485 | 7500 | -15 | Factory includes tax, yuan / ton |
| Jiangsu and Zhejiang market FDY150D/96F | 8000 | 8025 | -25 | Factory includes tax, yuan / ton | ||
| Jiangsu and Zhejiang market DTY150D/48F | 9075 | 9075 | 0 | Factory includes tax, yuan / ton | ||
| Jiangsu and Zhejiang market POY75D/72F | 7600 | 7600 | 0 | Factory includes tax, yuan / ton | ||
| Product | Specifications | Market | 2024.8.12 | 2024.8.9 | Rise and fall | Remarks |
| Polyester staple yarn | Semi-glossy white 1.56: 38 | Jiangsu Province | 7475 | 7475 | 0 | Factory includes tax, yuan / ton |
| Semi-glossy white 1.56: 38 | Zhejiang | 7475 | 7475 | 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 5525 yuan / ton. This week and next week, the main port and warehouse receipt delivery 09 contract discount 10-15 near the transaction and negotiation, the spot basis is stable. The international crude oil market rose, supporting the market mentality, while the PTA futures market rose 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 maintained. Cost-end support, ethylene glycol market negotiations focus on a small adjustment, East China quotation around 4580 yuan / ton, up 10 yuan / ton compared to the previous working day. The quotation in South China is around 4660 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 materials PTA market finishing, cost end support is stable, polyester chip manufacturers shipping sentiment increased, manufacturers offer down, market negotiation center of gravity continues to decline. 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 is narrow and weak. Polyester raw material market is strong, the cost end support is stable, 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 material market is strong to support the market, so far over the weekend, some polyester manufacturers have lowered their quotations by 50-150 yuan / ton, and the focus of local market transactions has shifted downward. Downstream rigid demand procurement, local production and sales rebounded. It is expected that the market price of filament will be arranged in a narrow range in the short term.
Polyester staple fiber
Today, polyester staple fiber market maintains finishing. The cost side is strong to support the market, and the staple fiber market talks about a small adjustment of the focus. 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: 5538, lowest price: 5502, highest price: 5574, closing price: 5572, settlement price: 5538, up 56, position: 635839.
Ethylene glycol:EG main contract 2409 opening price: 4549, lowest price: 4516, highest price: 4558, closing price: 4547, settlement price: 4536, up 21, position: 195452.
V. production and marketing data of polyester market
| Product | 2024.8.12 | 2024.8.9 | Rise and fall | Unit |
| Polyester chip | 95% | 45% | + 50% | % |
| Polyester filament | 80% | 50% | + 30% | % |
| Polyester staple fiber | 55% | 50% | + 5% | % |
VI. Future forecast
The international crude oil market maintains a high level, forming a support for 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 weak shock, polyester raw material end-driven, polyester market offer will mainly adjust slightly with the cost, downstream rigid demand follow-up, market production and sales pick up. 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.
