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On November 11, the ethylene glycol market price index was 4,633.91, down 38.05 from the previous working day.
On November 11, China's PTA market price index was 4825, down 75 from the previous working day.
On November 11, the polyester chip market price index was 6135, down 40 from the previous working day; the polyester bottle chip market price index was 6175, down 75 from the previous working day.
2. Summary of market prices in the polyester industry chain
| products | specifications | market | 2024.11.11 | 2024.11.8 | rise and fall | remarks |
| PTA | spot | East China | 4825 | 4900 | -75 | Self-raised tax included, RMB/ton |
| products | specifications | market | 2024.11.11 | 2024.11.8 | rise and fall | remarks |
| glycol | polyester grade | East China | 4630 | 4690 | -60 | Self-raised tax included, RMB/ton |
| polyester grade | South China | 4710 | 4770 | -60 | Short delivery including tax, yuan/ton | |
| products | specifications | market | 2024.11.11 | 2024.11.8 | rise and fall | remarks |
| polyester chip | semi-optical sectioning | East China | 6135 | 6175 | -40 | Ex-factory tax included, RMB/ton |
| light slicing | 6150 | 6200 | -25 | Ex-factory tax included, RMB/ton | ||
| products | specifications | market | 2024.11.11 | 2024.11.8 | rise and fall | remarks |
| polyester bottle flakes | Water Bottle (IV.= 0.8） | East China | 6175 | 6250 | -75 | Ex-factory tax included, RMB/ton |
| Oil bottle grade | 6175 | 6250 | -75 | Ex-factory tax included, RMB/ton | ||
| hot canned grade | 6175 | 6250 | -75 | Ex-factory tax included, RMB/ton | ||
| carbonic acid grade | 6275 | 6350 | -75 | Ex-factory tax included, RMB/ton | ||
| Water Bottle (IV.= 0.8） | South China | 6175 | 6250 | -75 | Ex-factory tax included, RMB/ton | |
| Oil bottle grade | 6175 | 6250 | -75 | Ex-factory tax included, RMB/ton | ||
| hot canned grade | 6175 | 6250 | -75 | Ex-factory tax included, RMB/ton | ||
| carbonic acid grade | 6275 | 6350 | -75 | Ex-factory tax included, RMB/ton | ||
| products | specifications | market | 2024.11.11 | 2024.11.8 | rise and fall | remarks |
| polyester filament | Jiangsu and Zhejiang market POY 150D/48F | East China | 6950 | 6950 | 0 | Ex-factory tax included, RMB/ton |
| Jiangsu and Zhejiang markets FDY 150D/96F | 7500 | 7500 | 0 | Ex-factory tax included, RMB/ton | ||
| Jiangsu and Zhejiang markets DTY 150D/48F | 8525 | 8550 | -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 | 2024.11.11 | 2024.11.8 | rise and fall | remarks |
| polyester staple yarn | Semi-optical original white 1.56*38 | Jiangsu | 7060 | 7125 | -65 | Ex-factory tax included, RMB/ton |
| Semi-optical original white 1.56*38 | Zhejiang | 7075 | 7125 | -50 | 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 4825 yuan/ton. This week and next week, transactions and negotiations around the main port and warehouse receipt delivery 01 discount 70-75, and the spot basis is weak. The weakening commodity atmosphere 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. Under the pressure of weak commodity atmosphere, the focus of negotiations in the ethylene glycol market dropped slightly. Quotes in East China ranged around 4630 yuan/ton, down 60 yuan/ton from the previous working day. The price in South China is around 4710 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 fell, the cost side was suppressed, the polyester chip market offers were lowered, and the focus of market negotiations dropped slightly. Downstream demand has weakened, and market production and sales have been sluggish. 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 weakened within a narrow range. The polyester raw material market fell, the cost side was suppressed, the offer of mainstream bottle and chip manufacturers was lowered, the bottle and chip futures market was corrected, and the focus of market negotiations dropped slightly. 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 weakening of the polyester raw material market has generally supported the market. The mainstream quotations of polyester companies have remained stable, the quotations of some manufacturers have been lowered, and the focus of local market transactions has been lowered. Downstream demand weakened, and market production and sales fell. It is expected that the filament market price may be narrowed in the short term.
polyester staple fiber
The polyester staple fiber market weakened within a narrow range today. Falling costs have put pressure on the market, and the focus of negotiations on the staple fiber market has dropped slightly. Downstream demand was weak, and market production and sales fell. 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 11, the opening price of PTA's main 2501 contract was 4942, the lowest price was 4838, the highest price was 4958, the closing price was 4926, the settlement price was 4898, down 48, and the open position was 1251692.
Ethylene glycol:On November 11, the opening price of the EG main contract 2501 of the DSE was 4650, the lowest price was 4577, the highest price was 4665, the closing price was 4600, the settlement price was 4611, down 55, and the open position was 227740.
5. Polyester market production and sales data
| products | 2024.11.11 | 2024.11.8 | rise and fall | units |
| polyester chip | 45% | 125% | -80% | % |
| polyester filament | 35% | 85% | -50% | % |
| polyester staple fiber | 35% | 70% | -35% | % |
6. Future outlook forecast
The weak 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, and 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.
