On October 23, the ethylene glycol market price index was 4,663.32, up 7.94 from the previous working day.
On October 23, China's PTA market price index was 4970, up 35 from the previous working day.
On October 23, the polyester chip market price index was 6250, down 25 from the previous working day; the polyester bottle chip market price index was 6300, unchanged from the previous working day.
2. Summary of market prices in the polyester industry chain
| products | specifications | market | 2024.10.23 | 2024.10.22 | rise and fall | remarks |
| PTA | spot | East China | 4970 | 4935 | +35 | Self-raised tax included, RMB/ton |
| products | specifications | market | 2024.10.23 | 2024.10.22 | rise and fall | remarks |
| glycol | polyester grade | East China | 4645 | 4635 | +10 | Self-raised tax included, RMB/ton |
| polyester grade | South China | 4720 | 4700 | +20 | Short delivery including tax, yuan/ton | |
| products | specifications | market | 2024.10.23 | 2024.10.22 | rise and fall | remarks |
| polyester chip | semi-optical sectioning | East China | 6250 | 6275 | -25 | Ex-factory tax included, RMB/ton |
| light slicing | 6275 | 6300 | -25 | Ex-factory tax included, RMB/ton | ||
| products | specifications | market | 2024.10.23 | 2024.10.22 | rise and fall | remarks |
| polyester bottle flakes | Water Bottle (IV.= 0.8） | East China | 6300 | 6300 | 0 | Ex-factory tax included, RMB/ton |
| Oil bottle grade | 6300 | 6300 | 0 | Ex-factory tax included, RMB/ton | ||
| hot canned grade | 6300 | 6300 | 0 | Ex-factory tax included, RMB/ton | ||
| carbonic acid grade | 6400 | 6400 | 0 | Ex-factory tax included, RMB/ton | ||
| Water Bottle (IV.= 0.8） | South China | 6300 | 6300 | 0 | Ex-factory tax included, RMB/ton | |
| Oil bottle grade | 6300 | 6300 | 0 | Ex-factory tax included, RMB/ton | ||
| hot canned grade | 6300 | 6300 | 0 | Ex-factory tax included, RMB/ton | ||
| carbonic acid grade | 6400 | 6400 | 0 | Ex-factory tax included, RMB/ton | ||
| products | specifications | market | 2024.10.23 | 2024.10.22 | 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 | 2024.10.23 | 2024.10.22 | rise and fall | remarks |
| polyester staple yarn | Semi-optical original white 1.56*38 | Jiangsu | 7075 | 7075 | 0 | Ex-factory tax included, RMB/ton |
| Semi-optical original white 1.56*38 | Zhejiang | 7100 | 7100 | 0 | Ex-factory tax included, RMB/ton |
PTA
Today, the PTA spot market in East China has a strong trend, and discussions refer to around 4970 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 rose 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 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 4645 yuan/ton, up 10 yuan/ton from the previous working day. The price in South China is around 4720 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, with general support from the cost side. Low-end offers in the polyester chip market have increased, and the focus of market negotiations has slightly adjusted back. The downstream just needed to follow up, and market production and sales rebounded. It is expected that the polyester chip market may maintain finishing operation in the short term.
polyester bottle flakes
Today's polyester bottle chip market is carefully organized. The polyester raw material market is strong, the cost support is solid, the offers from mainstream bottle and chip manufacturers are stable, the bottle and chip futures market fluctuates slightly, and the focus of market negotiations remains consolidated. 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 light. It is expected that the filament market price may be narrowed in the short term.
polyester staple fiber
Today, the polyester staple fiber market fluctuated within a narrow range. The strong cost side has supported the market, and the focus of negotiations on the staple fiber market has been slightly adjusted. 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 23, the opening price of the PTA main 2501 contract: 5024, the lowest price: 5018, the highest price: 5100, the closing price: 5036, the settlement price: 5052, up 18, and the open position: 1142791.
Ethylene glycol:On October 23, the opening price of the EG main contract 2501 of the DSE was 4604, the lowest price was 4585, the highest price was 4618, the closing price was 4592, the settlement price was 4600, down 2, and the open position was 270080.
5. Polyester market production and sales data
| products | 2024.10.23 | 2024.10.22 | rise and fall | units |
| polyester chip | 85% | 60% | +25% | % |
| polyester filament | 45% | 45% | 0% | % |
| polyester staple fiber | 75% | 70% | +5% | % |
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.
