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Polyester industry chain: Cost side suppresses polyester market trend weakening

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November 15, 2024, 4:07 PM
  1. Polyester industry chain market trend chart

On November 15, the ethylene glycol market price index was 4,616.94, up 3.59 from the previous working day.

On November 15, China's PTA market price index was 4760, down 30 from the previous working day.

On November 15, the polyester chip market price index was 6120, down 20 from the previous working day; the polyester bottle chip market price index was 6150, down 25 from the previous working day.

2. Summary of market prices in the polyester industry chain

productsspecificationsmarket2024.11.152024.11.14rise and fallremarks
PTAspotEast China47604790-30Self-raised tax included, RMB/ton
productsspecificationsmarket2024.11.152024.11.14rise and fallremarks
glycolpolyester gradeEast China46154595+20Self-raised tax included, RMB/ton
polyester gradeSouth China470047000Short delivery including tax, yuan/ton
productsspecificationsmarket2024.11.152024.11.14rise and fallremarks
polyester chipsemi-optical sectioningEast China61206140-20Ex-factory tax included, RMB/ton
light slicing61506175-25Ex-factory tax included, RMB/ton
productsspecificationsmarket2024.11.152024.11.14rise and fallremarks
polyester bottle flakesWater Bottle (IV.= 0.8)East China61506175-25Ex-factory tax included, RMB/ton
Oil bottle grade61506175-25Ex-factory tax included, RMB/ton
hot canned grade61506175-25Ex-factory tax included, RMB/ton
carbonic acid grade62506275-25Ex-factory tax included, RMB/ton
Water Bottle (IV.= 0.8)South China61506175-25Ex-factory tax included, RMB/ton
Oil bottle grade61506175-25Ex-factory tax included, RMB/ton
hot canned grade61506175-25Ex-factory tax included, RMB/ton
carbonic acid grade62506275-25Ex-factory tax included, RMB/ton
productsspecificationsmarket2024.11.152024.11.14rise 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
productsspecificationsmarket2024.11.152024.11.14rise and fallremarks
polyester staple yarnSemi-optical original white 1.56*38Jiangsu70507075-25Ex-factory tax included, RMB/ton
Semi-optical original white 1.56*38Zhejiang70507075-25Ex-factory tax included, RMB/ton
  1. Brief introduction of polyester industry chain market

PTA

Today, the PTA spot market in East China fluctuated and weakened, and the discussions referred to around 4760 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 fell. 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 high cost side, the focus of negotiations in the ethylene glycol market has been slightly adjusted. The quotation in East China is around 4615 yuan/ton, up 20 yuan/ton from the previous working day. The price in South China is around 4700 yuan/ton. The rise in ethylene glycol port warehouses has provided general 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, cost-side support weakened, the polyester chip market offers were lowered, and the focus of market negotiations slightly adjusted back. Downstream just needed to follow up, and market production and sales improved. 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 is volatile and weak. The polyester raw material market has weakened, the cost side has been suppressed, some bottle and chip manufacturers have lowered their offers, the bottle and chip futures market has been corrected, and the focus of market negotiations has 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 deadlocked. The decline in the polyester raw material market has insufficient support for the market. The mainstream quotations of polyester companies have remained stable, with individual quotations slightly adjusted, and the focus of market transactions has remained 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

The polyester staple fiber market fell within a narrow range today. The weakening of the cost side has put pressure on the market, and the focus of negotiations on the staple fiber market has slightly adjusted back. 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 15, the opening price of the PTA main 2501 contract: 4854, the lowest price: 4770, the highest price: 4894, the closing price: 4772, the settlement price: 4836, down 94, and the open position: 1319685.

Ethylene glycol:On November 15, the opening price of the EG main contract 2501 of the DSE was 4565, the lowest price was 4558, the highest price was 4590, the closing price was 4560, the settlement price was 4575, up 0, and the open position was 237314.

5. Polyester market production and sales data

products2024.11.152024.11.14rise and fallunits
polyester chip70%50%+20%%
polyester filament35%30%+5%%
polyester staple fiber50%40%+10%%

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.