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On November 8, the ethylene glycol market price index was 4,671.96, up 3.20 from the previous working day.
On November 8, China's PTA market price index was 4900, up 75 from the previous working day.
On November 8, the polyester chip market price index was 6175, up 25 from the previous working day; the polyester bottle chip market price index was 6250, up 25 from the previous working day.
2. Summary of market prices in the polyester industry chain
| products | specifications | market | 2024.11.8 | 2024.11.7 | rise and fall | remarks |
| PTA | spot | East China | 4900 | 4825 | +75 | Self-raised tax included, RMB/ton |
| products | specifications | market | 2024.11.8 | 2024.11.7 | rise and fall | remarks |
| glycol | polyester grade | East China | 4690 | 4690 | 0 | Self-raised tax included, RMB/ton |
| polyester grade | South China | 4770 | 4750 | +20 | Short delivery including tax, yuan/ton | |
| products | specifications | market | 2024.11.8 | 2024.11.7 | rise and fall | remarks |
| polyester chip | semi-optical sectioning | East China | 6175 | 6150 | +25 | Ex-factory tax included, RMB/ton |
| light slicing | 6200 | 6175 | +25 | Ex-factory tax included, RMB/ton | ||
| products | specifications | market | 2024.11.8 | 2024.11.7 | rise and fall | remarks |
| polyester bottle flakes | Water Bottle (IV.= 0.8） | East China | 6250 | 6225 | +25 | Ex-factory tax included, RMB/ton |
| Oil bottle grade | 6250 | 6225 | +25 | Ex-factory tax included, RMB/ton | ||
| hot canned grade | 6250 | 6225 | +25 | Ex-factory tax included, RMB/ton | ||
| carbonic acid grade | 6350 | 6325 | +25 | Ex-factory tax included, RMB/ton | ||
| Water Bottle (IV.= 0.8） | South China | 6250 | 6225 | +25 | Ex-factory tax included, RMB/ton | |
| Oil bottle grade | 6250 | 6225 | +25 | Ex-factory tax included, RMB/ton | ||
| hot canned grade | 6250 | 6225 | +25 | Ex-factory tax included, RMB/ton | ||
| carbonic acid grade | 6350 | 6325 | +25 | Ex-factory tax included, RMB/ton | ||
| products | specifications | market | 2024.11.8 | 2024.11.7 | rise and fall | remarks |
| polyester filament | Jiangsu and Zhejiang market POY 150D/48F | East China | 6975 | 7000 | -25 | Ex-factory tax included, RMB/ton |
| Jiangsu and Zhejiang markets FDY 150D/96F | 7500 | 7535 | -35 | Ex-factory tax included, RMB/ton | ||
| Jiangsu and Zhejiang markets DTY 150D/48F | 8550 | 8575 | -25 | Ex-factory tax included, RMB/ton | ||
| Jiangsu and Zhejiang market POY75D/72F | 7200 | 7200 | 0 | Ex-factory tax included, RMB/ton | ||
| products | specifications | market | 2024.11.8 | 2024.11.7 | rise and fall | remarks |
| polyester staple yarn | Semi-optical original white 1.56*38 | Jiangsu | 7125 | 7100 | +25 | Ex-factory tax included, RMB/ton |
| Semi-optical original white 1.56*38 | Zhejiang | 7125 | 7100 | +25 | Ex-factory tax included, RMB/ton |
PTA
Today, the PTA spot market in East China is relatively strong, and the discussions refer to around 4900 yuan/ton. This week and next week, transactions and negotiations around the main port and warehouse receipt delivery 01 discount 70-78 have a strong spot basis. The stronger commodity atmosphere boosted market mentality and the PTA futures market rose. 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. Supported by the improvement of commodity atmosphere, the focus of negotiations in the ethylene glycol market has been slightly adjusted. Quotes in East China are around 4690 yuan/ton, which is the same as the previous working day. The price in South China is around 4770 yuan/ton. The rise in ethylene glycol port stocks has provided moderate 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 strong in finishing. The polyester raw material market has strengthened, the cost side has boosted, the polyester chip market offers have been raised, and the focus of market negotiations has increased slightly. 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, the polyester bottle sheet market is narrow and strong. The polyester raw material market has strengthened, cost-side support has strengthened, mainstream bottle and chip manufacturers have slightly increased their offers, the bottle and chip futures market has risen, and the focus of market negotiations has slightly increased. 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 weak. The strong polyester raw material market has supported the market. The mainstream quotations of polyester companies have remained stable. Some companies have allowed profits to ship, and the focus of local market transactions has shifted. The downstream was just in need of replenishment, and local 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 strong. The stronger cost side has promoted the market, and the focus of negotiations on the staple fiber market has increased slightly. The downstream just needed to follow up, and market production and sales dropped slightly. 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 8, the opening price of the PTA main 2501 contract: 4926, the lowest price: 4926, the highest price: 5020, the closing price: 4968, the settlement price: 4974, up 66, and the open position: 1250142.
Ethylene glycol:On November 8, the opening price of the EG main contract 2501 of the DSE was 4663, the lowest price was 4630, the highest price was 4683, the closing price was 4667, the settlement price was 4655, up 35, and the open position was 245283.
5. Polyester market production and sales data
| products | 2024.11.8 | 2024.11.7 | rise and fall | units |
| polyester chip | 125% | 110% | +15% | % |
| polyester filament | 85% | 40% | +45% | % |
| polyester staple fiber | 70% | 90% | -20% | % |
6. Future outlook forecast
The shocks in the international crude oil market have 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 market will fluctuate within a narrow range in the short term. 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.
