< img height="1" width="1" style="display:none" src="https://www.facebook.com/tr?id=2433975083660159&ev=PageView&noscript=1" />

Polyester industry chain: The cost side supports the stalemate in the polyester market

334
November 13, 2024, 4:12 PM
  1. Polyester industry chain market trend chart

On November 13, the ethylene glycol market price index was 4,627.57, up 6.34 from the previous working day.

On November 13, China's PTA market price index was 4830, up 25 from the previous working day.

On November 13, the polyester chip market price index was 6140, unchanged from the previous working day; the polyester bottle chip market price index was 6200, up 25 from the previous working day.

2. Summary of market prices in the polyester industry chain

productsspecificationsmarket2024.11.132024.11.12rise and fallremarks
PTAspotEast China48304805+25Self-raised tax included, RMB/ton
productsspecificationsmarket2024.11.132024.11.12rise and fallremarks
glycolpolyester gradeEast China46204610+10Self-raised tax included, RMB/ton
polyester gradeSouth China47004690+10Short delivery including tax, yuan/ton
productsspecificationsmarket2024.11.132024.11.12rise and fallremarks
polyester chipsemi-optical sectioningEast China614061400Ex-factory tax included, RMB/ton
light slicing617561750Ex-factory tax included, RMB/ton
productsspecificationsmarket2024.11.132024.11.12rise and fallremarks
polyester bottle flakesWater Bottle (IV.= 0.8)East China62006175+25Ex-factory tax included, RMB/ton
Oil bottle grade62006175+25Ex-factory tax included, RMB/ton
hot canned grade62006175+25Ex-factory tax included, RMB/ton
carbonic acid grade63006275+25Ex-factory tax included, RMB/ton
Water Bottle (IV.= 0.8)South China62006175+25Ex-factory tax included, RMB/ton
Oil bottle grade62006175+25Ex-factory tax included, RMB/ton
hot canned grade62006175+25Ex-factory tax included, RMB/ton
carbonic acid grade63006275+25Ex-factory tax included, RMB/ton
productsspecificationsmarket2024.11.132024.11.12rise and fallremarks
polyester filamentJiangsu and Zhejiang market POY 150D/48FEast China695069500Ex-factory tax included, RMB/ton
Jiangsu and Zhejiang markets FDY 150D/96F750075000Ex-factory tax included, RMB/ton
Jiangsu and Zhejiang markets DTY 150D/48F852585250Ex-factory tax included, RMB/ton
Jiangsu and Zhejiang market POY75D/72F720072000Ex-factory tax included, RMB/ton
productsspecificationsmarket2024.11.132024.11.12rise and fallremarks
polyester staple yarnSemi-optical original white 1.56*38Jiangsu707570750Ex-factory tax included, RMB/ton
Semi-optical original white 1.56*38Zhejiang707570750Ex-factory tax included, RMB/ton
  1. Brief introduction of polyester industry chain market

PTA

Today, the PTA spot market in East China is relatively strong, and the discussions refer to around 4830 yuan/ton. Transactions and negotiations around the main port and warehouse receipt delivery 01 discount 70-72 this week and next week, and the spot basis is stable. The international crude oil market rose, supporting the market mentality, and the PTA futures market rebounded within a narrow range. 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 strong cost side, the focus of negotiations in the ethylene glycol market has been slightly adjusted. The quotation in East China is around 4620 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, the polyester chip market remains organized. The polyester raw material market has been consolidated, the cost support is solid, the polyester chip market offers are stable, and the focus of market negotiations has been slightly adjusted. The downstream just needed to follow up, and market production and sales weakened. It is expected that the polyester chip market may maintain finishing operation in the short term.

polyester bottle flakes

Today, the polyester bottle chip market fluctuated within a narrow range. The polyester raw material market has been consolidated, supported by cost, offers from mainstream bottle and chip manufacturers have been stable, the bottle and chip futures market has risen slightly, and negotiations at the low-end market have decreased. 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 market consolidation of polyester raw materials has supported the market. The mainstream quotations of polyester companies have remained stable, individual quotations have been slightly adjusted, and the focus of market transactions has been stable. Downstream demand is weak, and market production and sales are sluggish. 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 cost-side consolidation has supported the market, and the focus of negotiations on the staple fiber market has been slightly adjusted. Downstream demand is weak, and 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 13, the opening price of the PTA main 2501 contract: 4880, the lowest price: 4874, the highest price: 4924, the closing price: 4906, the settlement price: 4900, up 24, and the open position: 1214182.

Ethylene glycol:On November 13, the opening price of the EG main contract 2501 of the DSE was 4573, the lowest price was 4564, the highest price was 4595, the closing price was 4586, the settlement price was 4580, up 7, and the open position was 231191.

5. Polyester market production and sales data

products2024.11.132024.11.12rise and fallunits
polyester chip55%85%-30%%
polyester filament30%40%-10%%
polyester staple fiber50%55%-5%%

6. Future outlook forecast

The consolidation of the international crude oil market has promoted the market. The supply and demand sides of the polyester raw material 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 need to follow up, and the market production and sales are light. 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.