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On September 23rd, the market price index of ethylene glycol was 4481.41, down 23.76 from the previous working day.
China's PTA market price index was 4750 on Sept. 23, down 40% from the previous working day.
On September 23rd, the market price index of polyester chips was 6100, down 25% from the previous working day; the market price index of polyester bottle chips was 6175, down 25% from the previous working day.
II. Summary of market price of polyester industry chain
| Product | Specifications | Market | 2024.9.23 | 2024.9.20 | Rise and fall | Remarks |
| PTA | Spot | East China | 4750 | 4790 | -40 | Self-withdrawing tax, yuan / ton |
| Product | Specifications | Market | 2024.9.23 | 2024.9.20 | Rise and fall | Remarks |
| Glycol | Polyester grade | East China | 4400 | 4440 | -40 | Self-withdrawing tax, yuan / ton |
| Polyester grade | South China | 4530 | 4560 | -30 | Short delivery including tax, yuan / ton | |
| Product | Specifications | Market | 2024.9.23 | 2024.9.20 | Rise and fall | Remarks |
| Polyester chip | Semi-light section | East China | 6100 | 6125 | -25 | Factory includes tax, yuan / ton |
| Light slicing | 6125 | 6150 | -25 | Factory includes tax, yuan / ton | ||
| Product | Specifications | Market | 2024.9.23 | 2024.9.20 | Rise and fall | Remarks |
| Polyester bottle chip | Aquarius level (IV.=0.8) | East China | 6175 | 6200 | -25 | Factory includes tax, yuan / ton |
| Oil bottle grade | 6175 | 6200 | -25 | Factory includes tax, yuan / ton | ||
| Hot pot grade | 6175 | 6200 | -25 | Factory includes tax, yuan / ton | ||
| Carbonic acid grade | 6275 | 6300 | -25 | Factory includes tax, yuan / ton | ||
| Aquarius level (IV.=0.8) | South China | 6175 | 6200 | -25 | Factory includes tax, yuan / ton | |
| Oil bottle grade | 6175 | 6200 | -25 | Factory includes tax, yuan / ton | ||
| Hot pot grade | 6175 | 6200 | -25 | Factory includes tax, yuan / ton | ||
| Carbonic acid grade | 6275 | 6300 | -25 | Factory includes tax, yuan / ton | ||
| Product | Specifications | Market | 2024.9.23 | 2024.9.20 | Rise and fall | Remarks |
| Polyester filament | Jiangsu and Zhejiang market POY150D/48F | East China | 6975 | 7000 | -25 | Factory includes tax, yuan / ton |
| Jiangsu and Zhejiang market FDY150D/96F | 7450 | 7500 | -50 | Factory includes tax, yuan / ton | ||
| Jiangsu and Zhejiang market DTY150D/48F | 8500 | 8500 | 0 | Factory includes tax, yuan / ton | ||
| Jiangsu and Zhejiang market POY75D/72F | 7000 | 7100 | -100 | Factory includes tax, yuan / ton | ||
| Product | Specifications | Market | 2024.9.23 | 2024.9.20 | Rise and fall | Remarks |
| Polyester staple yarn | Semi-glossy white 1.56: 38 | Jiangsu Province | 7075 | 7100 | -25 | Factory includes tax, yuan / ton |
| Semi-glossy white 1.56: 38 | Zhejiang | 7100 | 7125 | -25 | Factory includes tax, yuan / ton |
PTA
Today, the trend of the spot market of PTA in East China is weakening, and it is discussed to refer to 4750 yuan / ton. This week and next week, the main port and warehouse receipt delivery 01 discount 62-70 near the transaction and negotiations, the spot basis is strong. The international crude oil market fell, the atmosphere of Chinese commodities was weak, suppressing the market mentality, and the PTA futures market pulled back. 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 ethylene glycol market is narrowly weak. The weakening of the commodity atmosphere suppressed the market mentality, and the focus of negotiations in the ethylene glycol market fell slightly. The quotation in East China was around 4400 yuan / ton, down 40 yuan / ton from the previous working day. The quotation in South China is around 4530 yuan / ton. Ethylene glycol port is expected to continue to go to the warehouse, forming support for the market. The downstream polyester load is stable and the demand end support is general. 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. The polyester raw material market is weak, the cost end support is insufficient, the polyester chip market offer is loose, the market negotiation center of gravity falls slightly. Downstream demand weakens, market production and sales are light. It is expected that the polyester chip market will maintain the finishing operation in the short term.
Polyester bottle chip
Today, the market trend of polyester bottle chips is weak. Polyester raw material market weakens, cost-end support is general, bottle chip mainstream manufacturers offer a small adjustment, bottle chip futures market downward, 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. Polyester raw materials market weakening to suppress the formation of the market, polyester mainstream manufacturers under the pressure of shipments, part of the offer down, the market transaction center of gravity drop finishing. Downstream demand slows, market production and sales are not good. 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 market is narrowly weak. Cost-side decline in the formation of pressure on the market, staple fiber market negotiations focus on a narrow pullback. Downstream rigid demand follow-up, 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 2501 contract opening price: 4850, lowest price: 4778, highest price: 4870, closing price: 4806, settlement price: 4822, down 56, position: 1316756.
Ethylene glycol:On September 23rd, the opening price of the EG main contract 2501 is 4396, the lowest price is 4354, the highest price is 4404, the closing price is 4365, the settlement price is 4378, down 53, and the position is 299669.
V. production and marketing data of polyester market
| Product | 2024.9.23 | 2024.9.20 | Rise and fall | Unit |
| Polyester chip | 50% | 55% | -5% | % |
| Polyester filament | 40% | 40% | 0% | % |
| Polyester staple fiber | 50% | 55% | -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 rigid demand follow-up, market production and sales light. Short-term polyester market prices are expected to fluctuate in 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.
