On November 18, the ethylene glycol market price index was 4,601.89, down 15.05 from the previous working day.
On November 18, China's PTA market price index was 4725, down 35 from the previous working day.
On November 18, the polyester chip market price index was 6100, down 20 from the previous working day; the polyester bottle chip market price index was 6125, down 25 from the previous working day.
2. Summary of market prices in the polyester industry chain
| products | specifications | market | 2024.11.18 | 2024.11.15 | rise and fall | remarks |
| PTA | spot | East China | 4725 | 4760 | -35 | Self-raised tax included, RMB/ton |
| products | specifications | market | 2024.11.18 | 2024.11.15 | rise and fall | remarks |
| glycol | polyester grade | East China | 4590 | 4615 | -25 | Self-raised tax included, RMB/ton |
| polyester grade | South China | 4680 | 4700 | -20 | Short delivery including tax, yuan/ton | |
| products | specifications | market | 2024.11.18 | 2024.11.15 | rise and fall | remarks |
| polyester chip | semi-optical sectioning | East China | 6100 | 6120 | -20 | Ex-factory tax included, RMB/ton |
| light slicing | 6125 | 6150 | -25 | Ex-factory tax included, RMB/ton | ||
| products | specifications | market | 2024.11.18 | 2024.11.15 | rise and fall | remarks |
| polyester bottle flakes | Water Bottle (IV.= 0.8） | East China | 6125 | 6150 | -25 | Ex-factory tax included, RMB/ton |
| Oil bottle grade | 6125 | 6150 | -25 | Ex-factory tax included, RMB/ton | ||
| hot canned grade | 6125 | 6150 | -25 | Ex-factory tax included, RMB/ton | ||
| carbonic acid grade | 6225 | 6250 | -25 | Ex-factory tax included, RMB/ton | ||
| Water Bottle (IV.= 0.8） | South China | 6125 | 6150 | -25 | Ex-factory tax included, RMB/ton | |
| Oil bottle grade | 6125 | 6150 | -25 | Ex-factory tax included, RMB/ton | ||
| hot canned grade | 6125 | 6150 | -25 | Ex-factory tax included, RMB/ton | ||
| carbonic acid grade | 6225 | 6250 | -25 | Ex-factory tax included, RMB/ton | ||
| products | specifications | market | 2024.11.18 | 2024.11.15 | rise and fall | remarks |
| polyester filament | Jiangsu and Zhejiang market POY 150D/48F | East China | 6825 | 6950 | -125 | Ex-factory tax included, RMB/ton |
| Jiangsu and Zhejiang markets FDY 150D/96F | 7350 | 7500 | -150 | Ex-factory tax included, RMB/ton | ||
| Jiangsu and Zhejiang markets DTY 150D/48F | 8400 | 8525 | -125 | Ex-factory tax included, RMB/ton | ||
| Jiangsu and Zhejiang market POY75D/72F | 7050 | 7200 | -150 | Ex-factory tax included, RMB/ton | ||
| products | specifications | market | 2024.11.18 | 2024.11.15 | rise and fall | remarks |
| polyester staple yarn | Semi-optical original white 1.56*38 | Jiangsu | 7025 | 7050 | -25 | Ex-factory tax included, RMB/ton |
| Semi-optical original white 1.56*38 | Zhejiang | 7050 | 7050 | 0 | Ex-factory tax included, RMB/ton |
PTA
Today, the PTA spot market in East China fluctuated and weakened, and the discussions referred to around 4725 yuan/ton. Transactions and negotiations around the main port and warehouse receipt delivery 01 discount 70-75 this week and next week, and the spot basis is stable. The weak commodity atmosphere suppressed the market mentality, and the PTA futures market fell slightly. Traders and polyester factories just needed to follow up, and the market trading atmosphere was normal. It is expected that the short-term PTA market may adjust within a narrow range.
glycol
Today, the ethylene glycol market is weak. Under the pressure of weak commodity atmosphere, the focus of negotiations in the ethylene glycol market dropped slightly. Quotes in East China ranged around 4590 yuan/ton, down 25 yuan/ton from the previous working day. The price in South China is around 4680 yuan/ton. The decline in ethylene glycol port warehouses has supported 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 weakened, cost-side support weakened, the polyester chip market offers were lowered, and the focus of market negotiations slightly adjusted back. The downstream just needs to follow up, and the market production and sales are average. 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
The polyester filament market fell back today. The weakening of the polyester raw material market has insufficient support for the market. The inventory pressure of polyester companies has increased. Most manufacturers have given concessions to ship, and the focus of market transactions has shifted downward. Downstream just needed to follow up, and market production and sales improved. 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. 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 18, the opening price of the PTA main 2501 contract: 4800, the lowest price: 4762, the highest price: 4828, the closing price: 4812, the settlement price: 4798, down 24, and the open position: 1271162.
Ethylene glycol:On November 18, the opening price of the EG main contract 2501 of the DSE was 4569, the lowest price was 4532, the highest price was 4578, the closing price was 4554, the settlement price was 4551, down 21, and the open position was 239095.
5. Polyester market production and sales data
| products | 2024.11.18 | 2024.11.15 | rise and fall | units |
| polyester chip | 65% | 70% | -5% | % |
| polyester filament | 105% | 35% | +70% | % |
| polyester staple fiber | 55% | 50% | +5% | % |
6. Future outlook forecast
The decline in the international crude oil market has given a boost to 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 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.
