Polyester industry chain: Cost support weakens, polyester market continues to fall
- Polyester industry chain market trend chart
On October 21, the ethylene glycol market price index was 4,653.01, down 39.74 from the previous working day.
On October 21, China's PTA market price index was 4865, down 20 from the previous working day.
On October 21, the polyester chip market price index was 6275, down 25 from the previous working day; the polyester bottle chip market price index was 6250, down 50 from the previous working day.
2. Summary of market prices in the polyester industry chain
| products | specifications | market | 2024.10.21 | 2024.10.18 | rise and fall | remarks |
| PTA | spot | East China | 4865 | 4885 | -20 | Self-raised tax included, RMB/ton |
| products | specifications | market | 2024.10.21 | 2024.10.18 | rise and fall | remarks |
| glycol | polyester grade | East China | 4630 | 4690 | -60 | Self-raised tax included, RMB/ton |
| polyester grade | South China | 4700 | 4760 | -60 | Short delivery including tax, yuan/ton | |
| products | specifications | market | 2024.10.21 | 2024.10.18 | rise and fall | remarks |
| polyester chip | semi-optical sectioning | East China | 6275 | 6300 | -25 | Ex-factory tax included, RMB/ton |
| light slicing | 6300 | 6325 | -25 | Ex-factory tax included, RMB/ton | ||
| products | specifications | market | 2024.10.21 | 2024.10.18 | rise and fall | remarks |
| polyester bottle flakes | Water Bottle (IV.= 0.8） | East China | 6250 | 6300 | -50 | Ex-factory tax included, RMB/ton |
| Oil bottle grade | 6250 | 6300 | -50 | Ex-factory tax included, RMB/ton | ||
| hot canned grade | 6250 | 6300 | -50 | Ex-factory tax included, RMB/ton | ||
| carbonic acid grade | 6350 | 6400 | -50 | Ex-factory tax included, RMB/ton | ||
| Water Bottle (IV.= 0.8） | South China | 6250 | 6300 | -50 | Ex-factory tax included, RMB/ton | |
| Oil bottle grade | 6250 | 6300 | -50 | Ex-factory tax included, RMB/ton | ||
| hot canned grade | 6250 | 6300 | -50 | Ex-factory tax included, RMB/ton | ||
| carbonic acid grade | 6350 | 6400 | -50 | Ex-factory tax included, RMB/ton | ||
| products | specifications | market | 2024.10.21 | 2024.10.18 | rise and fall | remarks |
| polyester filament | Jiangsu and Zhejiang market POY 150D/48F | East China | 7150 | 7200 | -50 | Ex-factory tax included, RMB/ton |
| Jiangsu and Zhejiang markets FDY 150D/96F | 7700 | 7725 | -50 | Ex-factory tax included, RMB/ton | ||
| Jiangsu and Zhejiang markets DTY 150D/48F | 8725 | 8750 | -25 | Ex-factory tax included, RMB/ton | ||
| Jiangsu and Zhejiang market POY75D/72F | 7400 | 7400 | 0 | Ex-factory tax included, RMB/ton | ||
| products | specifications | market | 2024.10.21 | 2024.10.18 | rise and fall | remarks |
| polyester staple yarn | Semi-optical original white 1.56*38 | Jiangsu | 7050 | 7075 | -25 | Ex-factory tax included, RMB/ton |
| Semi-optical original white 1.56*38 | Zhejiang | 7075 | 7100 | -25 | Ex-factory tax included, RMB/ton |
- Brief introduction of polyester industry chain market
PTA
Today, the PTA spot market in East China is weak and volatile, and the discussion refers to around 4865 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 decline in the international crude oil market suppressed the market mentality and the PTA futures market adjusted to a weak position. 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 fluctuated and weakened. The decline in the international crude oil market has been suppressed, and the focus of negotiations in the ethylene glycol market has dropped slightly. Quotes in East China have ranged around 4630 yuan/ton, down 60 yuan/ton from the previous working day. The price in South China is around 4700 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 is weak and has 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 average. 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 is weak, with average cost support, mainstream bottle and chip manufacturers have lowered their offers, the bottle and chip futures market has been weak and 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
Today, the polyester filament market is weak and volatile. The market consolidation of polyester raw materials has insufficient support for the market. Some quotations from polyester manufacturers have been lowered, and the focus of market transactions has been narrowed down. Downstream demand is weak, and market production and sales have weakened. 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. The weak consolidation on the cost side provided general support to the market, 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 okay. 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 21, the opening price of the PTA main 2501 contract was 4972, the lowest price was 4920, the highest price was 4982, the closing price was 4962, the settlement price was 4944, down 2, and the open position was 1190968.
Ethylene glycol:On October 21, the opening price of the EG main contract 2501 of the DSE was 4649, the lowest price was 4562, the highest price was 4653, the closing price was 4581, the settlement price was 4597, down 67, and the open position was 279714.
5. Polyester market production and sales data
| products | 2024.10.21 | 2024.10.18 | rise and fall | units |
| polyester chip | 55% | 75% | -20% | % |
| polyester filament | 30% | 65% | -35% | % |
| polyester staple fiber | 70% | 55% | +15% | % |
6. Future outlook forecast
The decline in the international crude oil market has put pressure on 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 need to follow up, and the market production and sales are light. 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.
