On August 14, the market price index of ethylene glycol was 4591.59, down 10.31 from the previous working day.
The domestic PTA market price index was 5580 on Aug. 14, down 10% from the previous working day.
On August 14, the market price index of polyester chips was 6800, down 25% from the previous working day; the market price index of polyester bottle chips was 6875, down 25% from the previous working day.
II. Summary of market price of polyester industry chain
Product | Specifications | Market | 2024.8.14 | 2024.8.13 | Rise and fall | Remarks |
PTA | Spot | East China | 5580 | 5590 | -10 | Self-withdrawing tax, yuan / ton |
Product | Specifications | Market | 2024.8.14 | 2024.8.13 | Rise and fall | Remarks |
Glycol | Polyester grade | East China | 4570 | 4585 | -15 | Self-withdrawing tax, yuan / ton |
Polyester grade | South China | 4660 | 4680 | -20 | Short delivery including tax, yuan / ton | |
Product | Specifications | Market | 2024.8.14 | 2024.8.13 | Rise and fall | Remarks |
Polyester chip | Semi-light section | East China | 6800 | 6825 | -25 | Factory includes tax, yuan / ton |
Light slicing | 6825 | 6850 | -25 | Factory includes tax, yuan / ton | ||
Product | Specifications | Market | 2024.8.14 | 2024.8.13 | Rise and fall | Remarks |
Polyester bottle chip | Aquarius level (IV.=0.8) | East China | 6875 | 6900 | -25 | Factory includes tax, yuan / ton |
Oil bottle grade | 6875 | 6900 | -25 | Factory includes tax, yuan / ton | ||
Hot pot grade | 6875 | 6900 | -25 | Factory includes tax, yuan / ton | ||
Carbonic acid grade | 6975 | 7000 | -25 | Factory includes tax, yuan / ton | ||
Aquarius level (IV.=0.8) | South China | 6875 | 6900 | -25 | Factory includes tax, yuan / ton | |
Oil bottle grade | 6875 | 6900 | -25 | Factory includes tax, yuan / ton | ||
Hot pot grade | 6875 | 6900 | -25 | Factory includes tax, yuan / ton | ||
Carbonic acid grade | 6975 | 7000 | -25 | Factory includes tax, yuan / ton | ||
Product | Specifications | Market | 2024.8.14 | 2024.8.13 | Rise and fall | Remarks |
Polyester filament | Jiangsu and Zhejiang market POY150D/48F | East China | 7475 | 7475 | 0 | Factory includes tax, yuan / ton |
Jiangsu and Zhejiang market FDY150D/96F | 8000 | 8000 | 0 | Factory includes tax, yuan / ton | ||
Jiangsu and Zhejiang market DTY150D/48F | 9025 | 9025 | 0 | Factory includes tax, yuan / ton | ||
Jiangsu and Zhejiang market POY75D/72F | 7600 | 7600 | 0 | Factory includes tax, yuan / ton | ||
Product | Specifications | Market | 2024.8.14 | 2024.8.13 | Rise and fall | Remarks |
Polyester staple yarn | Semi-glossy white 1.56: 38 | Jiangsu Province | 7500 | 7525 | -25 | Factory includes tax, yuan / ton |
Semi-glossy white 1.56: 38 | Zhejiang | 7500 | 7525 | -25 | Factory includes tax, yuan / ton |
PTA
Today, East China PTA spot market volatility is weak, negotiation reference 5580 yuan / ton near. This week and next week, the main port and warehouse receipt delivery 09 contract discount 0-3 near the transaction and negotiation, the spot basis is strong. 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. Commodity atmosphere weakens, ethylene glycol market negotiations focus on a slight correction, East China quotation around 4570 yuan / ton, down 15 yuan / ton compared with 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 picks up, and the demand side forms support. 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 weakens, the cost end support is general, the polyester chip market negotiation center of gravity continues to decline. 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
Today, the market for polyester bottle chips is weak. Polyester raw material market weakens, cost end support is general, some bottle chip manufacturers offer down, market negotiation center of gravity weakens slightly. 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. Polyester raw material market is weak to support the market in general, the price of mainstream polyester manufacturers is stable, and the focus of market transaction is adjusted slightly. Downstream rigid demand procurement, market production and sales decline. 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 is weak today. The weakening of the cost end suppressed the market, and the focus of negotiations in the staple fiber market fell slightly. Downstream rigid demand buying, market production and marketing in general. 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 2501 contract opening price: 5620, lowest price: 5572, highest price: 5636, closing price: 5580, settlement price: 5602, down 40, position: 966927.
Ethylene glycol:EG main contract 2409 opening price: 4546, lowest price: 4498, highest price: 4563, closing price: 4532, settlement price: 4513, down 35, position: 169863.
V. production and marketing data of polyester market
Product | 2024.8.14 | 2024.8.13 | Rise and fall | Unit |
Polyester chip | 40% | 210% | -170% | % |
Polyester filament | 50% | 75% | -25% | % |
Polyester staple fiber | 55% | 60% | -5% | % |
VI. Future forecast
High fluctuations in the international crude oil market promote 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 mainly adjust slightly with the cost, downstream rigid demand follow-up, market production and sales decline. 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.