On October 29, the ethylene glycol market price index was 4,620.94, down 31.70 from the previous working day.
On October 29, China's PTA market price index was 4815, down 65 from the previous working day.
On October 29, the polyester chip market price index was 6175, down 25 from the previous working day; the polyester bottle chip market price index was 6200, down 50 from the previous working day.
2. Summary of market prices in the polyester industry chain
| products | specifications | market | 2024.10.29 | 2024.10.28 | rise and fall | remarks |
| PTA | spot | East China | 4815 | 4880 | -65 | Self-raised tax included, RMB/ton |
| products | specifications | market | 2024.10.29 | 2024.10.28 | rise and fall | remarks |
| glycol | polyester grade | East China | 4600 | 4650 | -50 | Self-raised tax included, RMB/ton |
| polyester grade | South China | 4670 | 4720 | -50 | Short delivery including tax, yuan/ton | |
| products | specifications | market | 2024.10.29 | 2024.10.28 | rise and fall | remarks |
| polyester chip | semi-optical sectioning | East China | 6175 | 6200 | -25 | Ex-factory tax included, RMB/ton |
| light slicing | 6200 | 6225 | -25 | Ex-factory tax included, RMB/ton | ||
| products | specifications | market | 2024.10.29 | 2024.10.28 | rise and fall | remarks |
| polyester bottle flakes | Water Bottle (IV.= 0.8） | East China | 6200 | 6250 | -50 | Ex-factory tax included, RMB/ton |
| Oil bottle grade | 6200 | 6250 | -50 | Ex-factory tax included, RMB/ton | ||
| hot canned grade | 6200 | 6250 | -50 | Ex-factory tax included, RMB/ton | ||
| carbonic acid grade | 6300 | 6350 | -50 | Ex-factory tax included, RMB/ton | ||
| Water Bottle (IV.= 0.8） | South China | 6200 | 6250 | -50 | Ex-factory tax included, RMB/ton | |
| Oil bottle grade | 6200 | 6250 | -50 | Ex-factory tax included, RMB/ton | ||
| hot canned grade | 6200 | 6250 | -50 | Ex-factory tax included, RMB/ton | ||
| carbonic acid grade | 6300 | 6350 | -50 | Ex-factory tax included, RMB/ton | ||
| products | specifications | market | 2024.10.29 | 2024.10.28 | rise and fall | remarks |
| polyester filament | Jiangsu and Zhejiang market POY 150D/48F | East China | 6975 | 6975 | 0 | Ex-factory tax included, RMB/ton |
| Jiangsu and Zhejiang markets FDY 150D/96F | 7525 | 7525 | 0 | Ex-factory tax included, RMB/ton | ||
| Jiangsu and Zhejiang markets DTY 150D/48F | 8575 | 8575 | 0 | Ex-factory tax included, RMB/ton | ||
| Jiangsu and Zhejiang market POY75D/72F | 7200 | 7200 | 0 | Ex-factory tax included, RMB/ton | ||
| products | specifications | market | 2024.10.29 | 2024.10.28 | rise and fall | remarks |
| polyester staple yarn | Semi-optical original white 1.56*38 | Jiangsu | 7075 | 7100 | -25 | Ex-factory tax included, RMB/ton |
| Semi-optical original white 1.56*38 | Zhejiang | 7090 | 7100 | -10 | Ex-factory tax included, RMB/ton |
PTA
Today, the PTA spot market in East China fell back and sorted out, and the negotiations referred to around 4815 yuan/ton. Transactions and negotiations around the main port and warehouse receipt delivery 01 Aishui 85-90 this week and next week, and the spot basis is stable. The decline in the international crude oil market suppressed market mentality and the PTA futures market corrected. 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 weakened within a narrow range. 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 are around 4600 yuan/ton, down 50 yuan/ton from the previous working day. The price in South China is around 4670 yuan/ton. Ethylene glycol port stocks fell, providing 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 declined, the cost side has been suppressed, the offer of polyester chip manufacturers has been lowered, 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 is weak. The polyester raw material market fell, cost-side support weakened, mainstream bottle and chip manufacturers lowered their offers by 50 yuan/ton, the bottle and chip futures market fell, and the focus of market negotiations 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's polyester filament market is deadlocked. The decline in the polyester raw material market has generally 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 improved, and market production and sales rebounded. It is expected that the filament market price may be narrowed in the short term.
polyester staple fiber
Today, the polyester staple fiber market is narrow and weak. The decline in cost has put pressure on the market, and the focus of negotiations on the staple fiber market has slightly revised back. Downstream just needs to follow up, and market production and sales are weak. 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 29, the opening price of PTA's main 2501 contract was 4942, the lowest price was 4834, the highest price was 4970, the closing price was 4862, the settlement price was 4900, down 106, and the open position was 1249060.
Ethylene glycol:On October 29, the opening price of the EG main contract 2501 of the DSE was 4637, the lowest price was 4524, the highest price was 4645, the closing price was 4530, the settlement price was 4574, down 77, and the open position was 264293.
5. Polyester market production and sales data
| products | 2024.10.29 | 2024.10.28 | rise and fall | units |
| polyester chip | 60% | 65% | -5% | % |
| polyester filament | 100% | 35% | +65% | % |
| polyester staple fiber | 50% | 55% | -5% | % |
6. Future outlook forecast
The weakening of 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 inconsistent. 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.
