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Polyester industry chain: Cost side suppressed polyester market fell across the board

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October 15, 2024, 4:08 PM
  1. Market trend chart of polyester industry chain

On October 15th, the market price index of ethylene glycol was 4734.84, down 43.55 from the previous working day.

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China's PTA market price index was 5045 on Oct. 15, down 105 from the previous working day.

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On October 15, the market price index of polyester chips was 6425, down 100 from the previous working day; the market price index of polyester bottle chips was 6400, down 100 from the previous working day.

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II. Summary of market price of polyester industry chain

ProductSpecificationsMarket2024.10.152024.10.14Rise and fallRemarks
PTASpotEast China50455150-105Self-withdrawing tax, yuan / ton
ProductSpecificationsMarket2024.10.152024.10.14Rise and fallRemarks
GlycolPolyester gradeEast China47454820-75Self-withdrawing tax, yuan / ton
Polyester gradeSouth China48604910-50Short delivery including tax, yuan / ton
ProductSpecificationsMarket2024.10.152024.10.14Rise and fallRemarks
Polyester chipSemi-light sectionEast China64256525-100Factory includes tax, yuan / ton
Light slicing64256525-100Factory includes tax, yuan / ton
ProductSpecificationsMarket2024.10.152024.10.14Rise and fallRemarks
Polyester bottle chipAquarius level (IV.=0.8)East China64006500-100Factory includes tax, yuan / ton
Oil bottle grade64006500-100Factory includes tax, yuan / ton
Hot pot grade64006500-100Factory includes tax, yuan / ton
Carbonic acid grade65006600-100Factory includes tax, yuan / ton
Aquarius level (IV.=0.8)South China64006500-100Factory includes tax, yuan / ton
Oil bottle grade64006500-100Factory includes tax, yuan / ton
Hot pot grade64006500-100Factory includes tax, yuan / ton
Carbonic acid grade65006600-100Factory includes tax, yuan / ton
ProductSpecificationsMarket2024.10.152024.10.14Rise and fallRemarks
Polyester filamentJiangsu and Zhejiang market POY150D/48FEast China73507450-100Factory includes tax, yuan / ton
Jiangsu and Zhejiang market FDY150D/96F78507875-25Factory includes tax, yuan / ton
Jiangsu and Zhejiang market DTY150D/48F885088500Factory includes tax, yuan / ton
Jiangsu and Zhejiang market POY75D/72F75007700-200Factory includes tax, yuan / ton
ProductSpecificationsMarket2024.10.152024.10.14Rise and fallRemarks
Polyester staple yarnSemi-glossy white 1.56: 38Jiangsu Province72257300-75Factory includes tax, yuan / ton
Semi-glossy white 1.56: 38Zhejiang72507300-50Factory includes tax, yuan / ton
  1. Brief introduction of Polyester Industry chain Market

PTA

Today, East China PTA spot market shock callback, negotiations near 5045 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, the PTA futures market continued 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 adjust narrowly.

Glycol

Today, the volatility of ethylene glycol market is weak. International crude oil fell and depressed, and the focus of negotiations in the ethylene glycol market continued to fall. The quotation in East China was around 4745 yuan / ton, down 75 yuan / ton from the previous working day. The quotation in South China is around 4860 yuan / ton. Ethylene glycol port inventory decline, supporting the market. The downstream polyester load is high, and the demand end support is stable. 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 market of polyester raw materials fell, the cost end support was insufficient, the offer of polyester chip manufacturers was lowered, and the focus of market negotiations fell 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 of polyester bottle chips falls back and collates. Polyester raw material market fell, cost-end support weakened, mainstream bottle chip manufacturers offer down 100 yuan / ton, bottle chip futures market weakened, the focus of market negotiations fell in a narrow range. Downstream cautious follow-up, light market trading. It is expected that the short-term lactone bottle chip market may maintain finishing.

Polyester filament

The market trend of polyester filament is weakening today. Polyester raw materials market fell on the market support crackdown, polyester mainstream manufacturers offer down, market trading center of gravity fell. Downstream demand is depressed, market production and marketing is relatively weak. 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 weaken. The decline in the cost side has depressed the market, and the focus of negotiations in the staple fiber market continues to be adjusted. 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: 5180, lowest price: 5058, highest price: 5202, closing price: 5064, settlement price: 5118, down 156, position: 1063898.

Ethylene glycol:EG main contract 2501 opening price: 4741, lowest price: 4658, highest price: 4759, closing price: 4675, settlement price: 4712, down 110, position: 297777.

V. production and marketing data of polyester market

Product2024.10.152024.10.14Rise and fallUnit
Polyester chip40%60%-20%%
Polyester filament35%30%+ 5%%
Polyester staple fiber50%45%+ 5%%

VI. Future forecast

The international crude oil market weakens, suppresses the formation of 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 and volatile, polyester raw material 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.