On October 14, the market price index of ethylene glycol was 4744.15, down 34.84 from the previous working day.
On Oct. 14, China's PTA market price index was 5150, down 35% from the previous working day.
On October 14, the market price index of polyester chips was 6525, unchanged from the previous working day, while the market price index of polyester bottle chips was 6500, down 25 from the previous working day.
II. Summary of market price of polyester industry chain
| Product | Specifications | Market | 2024.10.14 | 2024.10.12 | Rise and fall | Remarks |
| PTA | Spot | East China | 5150 | 5185 | -35 | Self-withdrawing tax, yuan / ton |
| Product | Specifications | Market | 2024.10.14 | 2024.10.12 | Rise and fall | Remarks |
| Glycol | Polyester grade | East China | 4820 | 4880 | -60 | Self-withdrawing tax, yuan / ton |
| Polyester grade | South China | 4910 | 4950 | -40 | Short delivery including tax, yuan / ton | |
| Product | Specifications | Market | 2024.10.14 | 2024.10.12 | Rise and fall | Remarks |
| Polyester chip | Semi-light section | East China | 6525 | 6525 | 0 | Factory includes tax, yuan / ton |
| Light slicing | 6525 | 6525 | 0 | Factory includes tax, yuan / ton | ||
| Product | Specifications | Market | 2024.10.14 | 2024.10.12 | Rise and fall | Remarks |
| Polyester bottle chip | Aquarius level (IV.=0.8) | East China | 6500 | 6525 | -25 | Factory includes tax, yuan / ton |
| Oil bottle grade | 6500 | 6525 | -25 | Factory includes tax, yuan / ton | ||
| Hot pot grade | 6500 | 6525 | -25 | Factory includes tax, yuan / ton | ||
| Carbonic acid grade | 6600 | 6625 | -25 | Factory includes tax, yuan / ton | ||
| Aquarius level (IV.=0.8) | South China | 6500 | 6525 | -25 | Factory includes tax, yuan / ton | |
| Oil bottle grade | 6500 | 6525 | -25 | Factory includes tax, yuan / ton | ||
| Hot pot grade | 6500 | 6525 | -25 | Factory includes tax, yuan / ton | ||
| Carbonic acid grade | 6600 | 6625 | -25 | Factory includes tax, yuan / ton | ||
| Product | Specifications | Market | 2024.10.14 | 2024.10.12 | Rise and fall | Remarks |
| Polyester filament | Jiangsu and Zhejiang market POY150D/48F | East China | 7450 | 7450 | 0 | Factory includes tax, yuan / ton |
| Jiangsu and Zhejiang market FDY150D/96F | 7875 | 7875 | 0 | Factory includes tax, yuan / ton | ||
| Jiangsu and Zhejiang market DTY150D/48F | 8850 | 8850 | 0 | Factory includes tax, yuan / ton | ||
| Jiangsu and Zhejiang market POY75D/72F | 7700 | 7700 | 0 | Factory includes tax, yuan / ton | ||
| Product | Specifications | Market | 2024.10.14 | 2024.10.12 | Rise and fall | Remarks |
| Polyester staple yarn | Semi-glossy white 1.56: 38 | Jiangsu Province | 7300 | 7325 | -25 | Factory includes tax, yuan / ton |
| Semi-glossy white 1.56: 38 | Zhejiang | 7300 | 7325 | -25 | Factory includes tax, yuan / ton |
PTA
Today, the spot market of East China PTA is narrow and weak, so we can negotiate around 5150 yuan / ton. This week and next week, the main port and warehouse receipt delivery 01 discount 70-75 near the transaction and negotiations, the spot basis is stable. 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 adjust narrowly.
Glycol
Today, the ethylene glycol market is narrow and weak. The cost end fell and the focus of the ethylene glycol market negotiations fell slightly. The quotation in East China revolved around 4820 yuan / ton, down 60 yuan / ton compared with the previous working day. The quotation in South China is around 4910 yuan / ton. Ethylene glycol port inventory decline, supporting the market. The downstream polyester load is high, 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 maintains finishing. Polyester raw materials market finishing, cost end support is general, polyester chip manufacturers offer stable, market negotiation center of gravity fluctuates slightly. Downstream demand rigid demand follow-up, market production and marketing in general. 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 is weak, cost end support is general, some bottle chip manufacturers offer down 50 yuan / ton, bottle chip futures market fell slightly, the focus of market negotiations narrowly weakened. 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 materials market finishing market support in general, polyester mainstream manufacturers offer stability, market transaction focus to maintain finishing. Downstream demand weakens, market production and sales are flat. 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 market for polyester staple fiber is narrow and weak. The weakening of the cost end suppresses the market, and the focus of negotiations in the staple fiber market pulls back slightly. Downstream rigid demand follow-up, market production and sales 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 2501 contract opening price: 5242, lowest price: 5174, highest price: 5280, closing price: 5194, settlement price: 5220, down 58, position: 1022630.
Ethylene glycol:EG main contract 2501 opening price: 4785, lowest price: 4748, highest price: 4832, closing price: 4765, settlement price: 4785, up 5%, position: 307468.
V. production and marketing data of polyester market
| Product | 2024.10.14 | 2024.10.12 | Rise and fall | Unit |
| Polyester chip | 60% | 25% | + 35% | % |
| Polyester filament | 30% | 30% | 0% | % |
| Polyester staple fiber | 45% | 35% | + 10% | % |
VI. Future forecast
The international crude oil market is weak, promoting 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 narrow shock, 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.
