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Polyester industry chain: The raw material side supports narrow fluctuations in the polyester market

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October 18, 2024, 4:05 PM
  1. Polyester industry chain market trend chart

On October 18, the ethylene glycol market price index was 4,692.75, up 9.48 from the previous working day.

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On October 18, China's PTA market price index was 4885, down 10 percent from the previous working day.

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On October 18, the polyester chip market price index was 6300, down 50 from the previous working day; the polyester bottle chip market price index was 6300, down 25 from the previous working day.

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2. Summary of market prices in the polyester industry chain

productsspecificationsmarket2024.10.182024.10.17rise and fallremarks
PTAspotEast China48854895-10Self-raised tax included, RMB/ton
productsspecificationsmarket2024.10.182024.10.17rise and fallremarks
glycolpolyester gradeEast China46904670+20Self-raised tax included, RMB/ton
polyester gradeSouth China476047600Short delivery including tax, yuan/ton
productsspecificationsmarket2024.10.182024.10.17rise and fallremarks
polyester chipsemi-optical sectioningEast China63006350-50Ex-factory tax included, RMB/ton
light slicing63256375-50Ex-factory tax included, RMB/ton
productsspecificationsmarket2024.10.182024.10.17rise and fallremarks
polyester bottle flakesWater Bottle (IV.= 0.8)East China63006325-25Ex-factory tax included, RMB/ton
Oil bottle grade63006325-25Ex-factory tax included, RMB/ton
hot canned grade63006325-25Ex-factory tax included, RMB/ton
carbonic acid grade64006425-25Ex-factory tax included, RMB/ton
Water Bottle (IV.= 0.8)South China63006325-25Ex-factory tax included, RMB/ton
Oil bottle grade63006325-25Ex-factory tax included, RMB/ton
hot canned grade63006325-25Ex-factory tax included, RMB/ton
carbonic acid grade64006425-25Ex-factory tax included, RMB/ton
productsspecificationsmarket2024.10.182024.10.17rise and fallremarks
polyester filamentJiangsu and Zhejiang market POY 150D/48FEast China72507275-25Ex-factory tax included, RMB/ton
Jiangsu and Zhejiang markets FDY 150D/96F77757825-50Ex-factory tax included, RMB/ton
Jiangsu and Zhejiang markets DTY 150D/48F880088000Ex-factory tax included, RMB/ton
Jiangsu and Zhejiang market POY75D/72F74007500-100Ex-factory tax included, RMB/ton
productsspecificationsmarket2024.10.182024.10.17rise and fallremarks
polyester staple yarnSemi-optical original white 1.56*38Jiangsu70757100-25Ex-factory tax included, RMB/ton
Semi-optical original white 1.56*38Zhejiang71007125-25Ex-factory tax included, RMB/ton
  1. Brief introduction of polyester industry chain market

PTA

Today, the PTA spot market in East China fluctuated within a narrow range, and the discussion referred to around 4885 yuan/ton. Transactions and negotiations around the main port and warehouse receipt delivery 01 discount 75-80 this week and next week, and the spot basis is stable. The consolidation of the international crude oil market supported the market mentality, and the PTA futures market adjusted slightly. Traders and polyester factories just needed to follow up, and the market trading atmosphere was general. It is expected that the short-term PTA market may adjust within a narrow range.

glycol

Today, the ethylene glycol market remained volatile. Supported by the high level of international crude oil, the focus of negotiations in the ethylene glycol market has been slightly adjusted. Quotes in East China are around 4690 yuan/ton, up 20 yuan/ton from the previous working day. The price in South China is around 4760 yuan/ton. Ethylene glycol port stocks rose, which provided general support for the market. The downstream polyester load is high, and the demand side support is solid. The market lacks sustained drive and the ethylene glycol market is expected to fluctuate within a narrow range in the short term.

polyester chip

Today, the polyester chip market is weak in finishing. The polyester raw material market has been consolidated, and there is insufficient support on the cost side. The offers of polyester chip manufacturers have been lowered, low-priced goods in the market have increased, and the focus of market negotiations has dropped slightly. The downstream just needs to follow up, and the market production and sales are okay. It is expected that the polyester chip market may maintain finishing operation in the short term.

polyester bottle flakes

Today, the polyester bottle sheet market trend is weak. The polyester raw material market has been consolidated, with average cost support, some bottle and chip manufacturers have lowered their offers, the bottle and chip futures market has been consolidated, and the focus of market negotiations has shifted to the low-end. Downstream followed up cautiously, and market transactions were light. It is expected that the polyester bottle sheet market will remain consolidated in the short term.

polyester filament

The polyester filament market remains weak today. The market consolidation of polyester raw materials has insufficient support for the market. The offers of mainstream polyester manufacturers have been stable, some quotations have been lowered, and some market transactions have been narrowed. The downstream just needs to follow up, and some production and sales are okay. It is expected that the filament market price may be narrowed in the short term.

polyester staple fiber

The polyester staple fiber market weakened within a narrow range today. Cost-end consolidation has provided general market support, and the focus of negotiations on the staple fiber market has slightly adjusted back. The downstream just needs to follow up, and the market production and sales are average. It is expected that the short-term market price of polyester staple fiber may remain consolidated.

4. Polyester raw materials futures market

PTA:On October 18, the opening price of the PTA main 2501 contract: 4930, the lowest price: 4920, the highest price: 5004, the closing price: 4992, the settlement price: 4964, up 18, and the open position: 1,65,065.

Ethylene glycol:On October 18, the opening price of the EG main contract 2501 of the DSE was 4631, the lowest price was 4626, the highest price was 4670, the closing price was 4649, the settlement price was 4648, up 4, and the open position was 294443.

5. Polyester market production and sales data

products2024.10.182024.10.17rise and fallunits
polyester chip75%70%+5%%
polyester filament65%30%+35%%
polyester staple fiber55%40%+15%%

6. Future outlook forecast

The consolidation of the international crude oil market has formed support for the market. The supply and demand sides of the polyester raw materials PTA and ethylene glycol markets support it. It is expected that the short-term market will fluctuate within a narrow range. The polyester raw material side will push forward. The polyester market offers will be slightly adjusted mainly based on costs. The downstream just needed to follow up, and the market production and sales improved. Short-term polyester market prices are expected to fluctuate within a narrow range. In the later period, we will pay close attention to changes in the raw material market and the supply and demand side of polyester itself.