On November 19, the ethylene glycol market price index was 4,606.63, up 4.74 from the previous working day.
On November 19, China's PTA market price index was 4770, up 45 from the previous working day.
On November 19, the polyester chip market price index was 6100, unchanged from the previous working day; the polyester bottle chip market price index was 6150, up 25 from the previous working day.
2. Summary of market prices in the polyester industry chain
| products | specifications | market | 2024.11.19 | 2024.11.18 | rise and fall | remarks |
| PTA | spot | East China | 4770 | 4725 | +45 | Self-raised tax included, RMB/ton |
| products | specifications | market | 2024.11.19 | 2024.11.18 | rise and fall | remarks |
| glycol | polyester grade | East China | 4600 | 4590 | +10 | Self-raised tax included, RMB/ton |
| polyester grade | South China | 4680 | 4680 | 0 | Short delivery including tax, yuan/ton | |
| products | specifications | market | 2024.11.19 | 2024.11.18 | rise and fall | remarks |
| polyester chip | semi-optical sectioning | East China | 6100 | 6100 | 0 | Ex-factory tax included, RMB/ton |
| light slicing | 6100 | 6125 | -25 | Ex-factory tax included, RMB/ton | ||
| products | specifications | market | 2024.11.19 | 2024.11.18 | rise and fall | remarks |
| polyester bottle flakes | Water Bottle (IV.= 0.8） | East China | 6150 | 6125 | +25 | Ex-factory tax included, RMB/ton |
| Oil bottle grade | 6150 | 6125 | +25 | Ex-factory tax included, RMB/ton | ||
| hot canned grade | 6150 | 6125 | +25 | Ex-factory tax included, RMB/ton | ||
| carbonic acid grade | 6250 | 6225 | +25 | Ex-factory tax included, RMB/ton | ||
| Water Bottle (IV.= 0.8） | South China | 6150 | 6125 | +25 | Ex-factory tax included, RMB/ton | |
| Oil bottle grade | 6150 | 6125 | +25 | Ex-factory tax included, RMB/ton | ||
| hot canned grade | 6150 | 6125 | +25 | Ex-factory tax included, RMB/ton | ||
| carbonic acid grade | 6250 | 6225 | +25 | Ex-factory tax included, RMB/ton | ||
| products | specifications | market | 2024.11.19 | 2024.11.18 | rise and fall | remarks |
| polyester filament | Jiangsu and Zhejiang market POY 150D/48F | East China | 6875 | 6825 | +50 | Ex-factory tax included, RMB/ton |
| Jiangsu and Zhejiang markets FDY 150D/96F | 7350 | 7350 | 0 | Ex-factory tax included, RMB/ton | ||
| Jiangsu and Zhejiang markets DTY 150D/48F | 8400 | 8400 | 0 | Ex-factory tax included, RMB/ton | ||
| Jiangsu and Zhejiang market POY75D/72F | 7050 | 7050 | 0 | Ex-factory tax included, RMB/ton | ||
| products | specifications | market | 2024.11.19 | 2024.11.18 | rise and fall | remarks |
| polyester staple yarn | Semi-optical original white 1.56*38 | Jiangsu | 7025 | 7025 | 0 | 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 East China PTA spot market explored within a narrow range, and the discussions referred to around 4770/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, boosting market mentality, and the PTA futures market rose 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 has been consolidated within a narrow range. High costs have supported the market, and the focus of negotiations in the ethylene glycol market has increased slightly. Quotes in East China are around 4600 yuan/ton, up 10 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's polyester chip market has been narrowed. The polyester raw material market has strengthened, supported by the cost side, mainstream offers in the polyester chip market have stabilized, some have been reduced within narrow ranges, and the focus of market negotiations has been slightly adjusted. The downstream just needed to follow up, and local production and sales in the market increased. 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 fluctuated and strengthened. The polyester raw material market has strengthened, driven by cost, mainstream bottle and chip manufacturers have raised their offers, the bottle and chip futures market has risen slightly, and the focus of market negotiations has risen 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 has been narrowed. The strengthening of the polyester raw material market has supported the market. The mainstream offers of polyester companies have remained stable, the discounts of some companies have narrowed, and the focus of some transactions has increased within a narrow range. 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
Today's polyester staple fiber market is being narrowed. The strong cost side 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 19, the opening price of the PTA main 2501 contract: 4820, the lowest price: 4786, the highest price: 4878, the closing price: 4848, the settlement price: 4842, up 50, and the open position: 1209676.
Ethylene glycol:On November 19, the opening price of the EG main contract 2501 of the DSE was 4550, the lowest price was 4530, the highest price was 4575, the closing price was 4574, the settlement price was 4556, up 23, and the open position was 241227.
5. Polyester market production and sales data
| products | 2024.11.19 | 2024.11.18 | rise and fall | units |
| polyester chip | 125% | 65% | +60% | % |
| polyester filament | 40% | 105% | -65% | % |
| polyester staple fiber | 55% | 55% | 0% | % |
6. Future outlook forecast
The rise in the 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. 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.
