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On November 6, the ethylene glycol market price index was 4,651.26, down 4.99 from the previous working day.
On November 6, China's PTA market price index was 4830, down 50 from the previous working day.
On November 6, the polyester chip market price index was 6140, unchanged from the previous working day; the polyester bottle chip market price index was 6200, down 25 from the previous working day.
2. Summary of market prices in the polyester industry chain
| products | specifications | market | 2024.11.6 | 2024.11.5 | rise and fall | remarks |
| PTA | spot | East China | 4830 | 4880 | -50 | Self-raised tax included, RMB/ton |
| products | specifications | market | 2024.11.6 | 2024.11.5 | rise and fall | remarks |
| glycol | polyester grade | East China | 4670 | 4660 | +10 | Self-raised tax included, RMB/ton |
| polyester grade | South China | 4700 | 4720 | -20 | Short delivery including tax, yuan/ton | |
| products | specifications | market | 2024.11.6 | 2024.11.5 | rise and fall | remarks |
| polyester chip | semi-optical sectioning | East China | 6140 | 6140 | 0 | Ex-factory tax included, RMB/ton |
| light slicing | 6175 | 6175 | 0 | Ex-factory tax included, RMB/ton | ||
| products | specifications | market | 2024.11.6 | 2024.11.5 | rise and fall | remarks |
| polyester bottle flakes | Water Bottle (IV.= 0.8） | East China | 6200 | 6225 | -25 | Ex-factory tax included, RMB/ton |
| Oil bottle grade | 6200 | 6225 | -25 | Ex-factory tax included, RMB/ton | ||
| hot canned grade | 6200 | 6225 | -25 | Ex-factory tax included, RMB/ton | ||
| carbonic acid grade | 6300 | 6325 | -25 | Ex-factory tax included, RMB/ton | ||
| Water Bottle (IV.= 0.8） | South China | 6200 | 6225 | -25 | Ex-factory tax included, RMB/ton | |
| Oil bottle grade | 6200 | 6225 | -25 | Ex-factory tax included, RMB/ton | ||
| hot canned grade | 6200 | 6225 | -25 | Ex-factory tax included, RMB/ton | ||
| carbonic acid grade | 6300 | 6325 | -25 | Ex-factory tax included, RMB/ton | ||
| products | specifications | market | 2024.11.6 | 2024.11.5 | rise and fall | remarks |
| polyester filament | Jiangsu and Zhejiang market POY 150D/48F | East China | 7025 | 7025 | 0 | Ex-factory tax included, RMB/ton |
| Jiangsu and Zhejiang markets FDY 150D/96F | 7575 | 7575 | 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 | 2024.11.6 | 2024.11.5 | 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 | 7090 | 7075 | +15 | 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 4830 yuan/ton. This week and next week, transactions and negotiations around the main port and warehouse receipt delivery 01 discount 80-85, and the spot basis is strong. The commodity atmosphere weakened, suppressing market mentality, and the PTA futures market pulled back sharply in the afternoon. 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 has been consolidated within a narrow range. Under the pressure of the weakening commodity atmosphere, the focus of negotiations in the ethylene glycol market has been higher and corrected. Quotes in East China have been around 4670 yuan/ton, up 10 yuan/ton from the previous working day. The price in South China is around 4700 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's polyester chip market has been narrowed. The polyester raw material market has fallen, cost support is insufficient, polyester chip market offers are stable, and the focus of market negotiations has been slightly adjusted. Downstream demand weakened and market production and sales fell. 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 narrow and weak. The polyester raw material market fell back, cost-side support weakened, some bottle and chip manufacturers slightly adjusted their offers, the bottle and chip futures market weakened, and the focus of market negotiations slightly adjusted back. 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 polyester companies have remained stable, and the focus of market negotiations 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's polyester staple fiber market is being narrowed. The weakening of the cost side has put pressure on 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 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 November 6, the opening price of the PTA main 2501 contract: 4966, the lowest price: 4820, the highest price: 4976, the closing price: 4834, the settlement price: 4908, down 128, and the open position: 1339490.
Ethylene glycol:On November 6, the opening price of the EG main contract 2501 of the DSE was 4627, the lowest price was 4570, the highest price was 4674, the closing price was 4589, the settlement price was 4631, down 26, and the open position was 244112.
5. Polyester market production and sales data
| products | 2024.11.6 | 2024.11.5 | rise and fall | units |
| polyester chip | 50% | 185% | -135% | % |
| polyester filament | 45% | 35% | +10% | % |
| polyester staple fiber | 65% | 75% | -10% | % |
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 needed to follow up, and market production and sales turned weak. 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.
