On October 22, the ethylene glycol market price index was 4,655.38, up 2.37 from the previous working day.
On October 22, China's PTA market price index was 4935, up 70 from the previous working day.
On October 22, the polyester chip market price index was 6275, unchanged from the previous working day; the polyester bottle chip market price index was 6300, up 50 from the previous working day.
2. Summary of market prices in the polyester industry chain
| products | specifications | market | 2024.10.22 | 2024.10.21 | rise and fall | remarks |
| PTA | spot | East China | 4935 | 4865 | +70 | Self-raised tax included, RMB/ton |
| products | specifications | market | 2024.10.22 | 2024.10.21 | rise and fall | remarks |
| glycol | polyester grade | East China | 4635 | 4630 | +5 | Self-raised tax included, RMB/ton |
| polyester grade | South China | 4700 | 4700 | 0 | Short delivery including tax, yuan/ton | |
| products | specifications | market | 2024.10.22 | 2024.10.21 | rise and fall | remarks |
| polyester chip | semi-optical sectioning | East China | 6275 | 6275 | 0 | Ex-factory tax included, RMB/ton |
| light slicing | 6300 | 6300 | 0 | Ex-factory tax included, RMB/ton | ||
| products | specifications | market | 2024.10.22 | 2024.10.21 | rise and fall | remarks |
| polyester bottle flakes | Water Bottle (IV.= 0.8） | East China | 6300 | 6250 | +50 | Ex-factory tax included, RMB/ton |
| Oil bottle grade | 6300 | 6250 | +50 | Ex-factory tax included, RMB/ton | ||
| hot canned grade | 6300 | 6250 | +50 | Ex-factory tax included, RMB/ton | ||
| carbonic acid grade | 6400 | 6350 | +50 | Ex-factory tax included, RMB/ton | ||
| Water Bottle (IV.= 0.8） | South China | 6300 | 6250 | +50 | Ex-factory tax included, RMB/ton | |
| Oil bottle grade | 6300 | 6250 | +50 | Ex-factory tax included, RMB/ton | ||
| hot canned grade | 6300 | 6250 | +50 | Ex-factory tax included, RMB/ton | ||
| carbonic acid grade | 6400 | 6350 | +50 | Ex-factory tax included, RMB/ton | ||
| products | specifications | market | 2024.10.22 | 2024.10.21 | rise and fall | remarks |
| polyester filament | Jiangsu and Zhejiang market POY 150D/48F | East China | 7150 | 7150 | 0 | Ex-factory tax included, RMB/ton |
| Jiangsu and Zhejiang markets FDY 150D/96F | 7700 | 7700 | 0 | Ex-factory tax included, RMB/ton | ||
| Jiangsu and Zhejiang markets DTY 150D/48F | 8725 | 8725 | 0 | Ex-factory tax included, RMB/ton | ||
| Jiangsu and Zhejiang market POY75D/72F | 7400 | 7400 | 0 | Ex-factory tax included, RMB/ton | ||
| products | specifications | market | 2024.10.22 | 2024.10.21 | rise and fall | remarks |
| polyester staple yarn | Semi-optical original white 1.56*38 | Jiangsu | 7075 | 7050 | +25 | Ex-factory tax included, RMB/ton |
| Semi-optical original white 1.56*38 | Zhejiang | 7100 | 7075 | +25 | Ex-factory tax included, RMB/ton |
PTA
Today, the PTA spot market trend in East China turned stronger, and the discussion referred to around 4935 yuan/ton. Transactions and negotiations around the main port and warehouse receipt delivery 01 Haishui 80-85 this week and next week, and the spot basis is stable. The international crude oil market rose, boosting market mentality, and the PTA futures market rebounded. 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 within a narrow range. Supported by the rebound in the international crude oil market, the focus of negotiations in the ethylene glycol market has been slightly adjusted. Quotes in East China are around 4635 yuan/ton, up 5 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 remains organized. The polyester raw material market rebounded, supported by the cost side, offers from polyester chip manufacturers were stable, and the focus of market negotiations was slightly adjusted. 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 strong. The polyester raw material market rebounded, and cost-side support increased. The offer of mainstream bottle and chip manufacturers increased by 50 yuan/ton. The bottle and chip futures market rose slightly, and negotiations at the low-end market decreased. 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's polyester filament market is deadlocked. The strong polyester raw material market has supported the market. The quotations of mainstream polyester manufacturers have been stable, and the focus of market transactions has been adjusted within a narrow range. Downstream demand is weak, and market production and sales are flat. It is expected that the filament market price may be narrowed in the short term.
polyester staple fiber
Today, the polyester staple fiber market strengthened within a narrow range. The strong consolidation of the cost side has supported the market, and the focus of negotiations on the staple fiber market has slightly increased. 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 22, the opening price of the PTA main 2501 contract was 4986, the lowest price was 4978, the highest price was 5052, the closing price was 5018, the settlement price was 5018, up 74, and the open position was 1179756.
Ethylene glycol:On October 22, the opening price of the EG main contract 2501 of the DSE was 4590, the lowest price was 4572, the highest price was 4621, the closing price was 4594, the settlement price was 4594, down 3, and the open position was 271818.
5. Polyester market production and sales data
| products | 2024.10.22 | 2024.10.21 | rise and fall | units |
| polyester chip | 60% | 55% | +5% | % |
| polyester filament | 45% | 30% | +15% | % |
| polyester staple fiber | 70% | 70% | 0% | % |
6. Future outlook forecast
The rise in the international crude oil market has promoted 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 average. 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.
