On November 22, the ethylene glycol market price index was 4,640.71, up 18.26 from the previous working day.
On November 22, China's PTA market price index was 4820, which was unchanged from the previous working day.
On November 22, the market price index of polyester chips was 6100, unchanged from the previous working day; the market price index of polyester bottle chips was 6175, unchanged from the previous working day.
2. Summary of market prices in the polyester industry chain
| products | specifications | market | 2024.11.22 | 2024.11.21 | rise and fall | remarks |
| PTA | spot | East China | 4820 | 4820 | 0 | Self-raised tax included, RMB/ton |
| products | specifications | market | 2024.11.22 | 2024.11.21 | rise and fall | remarks |
| glycol | polyester grade | East China | 4655 | 4630 | +25 | Self-raised tax included, RMB/ton |
| polyester grade | South China | 4730 | 4690 | +40 | Short delivery including tax, yuan/ton | |
| products | specifications | market | 2024.11.22 | 2024.11.21 | rise and fall | remarks |
| polyester chip | semi-optical sectioning | East China | 6100 | 6100 | 0 | Ex-factory tax included, RMB/ton |
| light slicing | 6100 | 6100 | 0 | Ex-factory tax included, RMB/ton | ||
| products | specifications | market | 2024.11.22 | 2024.11.21 | rise and fall | remarks |
| polyester bottle flakes | Water Bottle (IV.= 0.8） | East China | 6175 | 6175 | 0 | Ex-factory tax included, RMB/ton |
| Oil bottle grade | 6175 | 6175 | 0 | Ex-factory tax included, RMB/ton | ||
| hot canned grade | 6175 | 6175 | 0 | Ex-factory tax included, RMB/ton | ||
| carbonic acid grade | 6275 | 6275 | 0 | Ex-factory tax included, RMB/ton | ||
| Water Bottle (IV.= 0.8） | South China | 6175 | 6175 | 0 | Ex-factory tax included, RMB/ton | |
| Oil bottle grade | 6175 | 6175 | 0 | Ex-factory tax included, RMB/ton | ||
| hot canned grade | 6175 | 6175 | 0 | Ex-factory tax included, RMB/ton | ||
| carbonic acid grade | 6275 | 6275 | 0 | Ex-factory tax included, RMB/ton | ||
| products | specifications | market | 2024.11.22 | 2024.11.21 | rise and fall | remarks |
| polyester filament | Jiangsu and Zhejiang market POY 150D/48F | East China | 6875 | 6875 | 0 | Ex-factory tax included, RMB/ton |
| Jiangsu and Zhejiang markets FDY 150D/96F | 7425 | 7425 | 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 | 2024.11.22 | 2024.11.21 | 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 PTA spot market in East China is organized within a narrow range, and the negotiations refer to around 4820 yuan/ton. Transactions and negotiations around the main port and warehouse receipt delivery 01 Xishui 65-70 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 fluctuated 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 narrow and strong. The rise in the international crude oil market has promoted the market. The focus of negotiations on the ethylene glycol market has increased slightly. Quotes in East China are around 4655 yuan/ton, up 20 yuan/ton from the previous working day. The price in South China is around 4730 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 been consolidated, supported by cost, mainstream offers in the polyester chip market have been stable, and the focus of market negotiations has been slightly adjusted. The downstream just needs to follow up, and the market production and sales volume is increased. 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, driven by cost, offers from mainstream bottle and chip manufacturers have stabilized, the bottle and chip futures market has declined slightly, and the focus of market negotiations has been slightly adjusted. 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 prices are deadlocked. The market consolidation of polyester raw materials has supported the market. The mainstream offers of polyester companies have remained stable, and the focus of market transactions fluctuated within a narrow range. Downstream demand is weak, and market production and sales are light. 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. The downstream just needed to follow up, and market production and sales rebounded slightly. 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 22, the opening price of PTA's main 2501 contract was 4898, the lowest price was 4864, the highest price was 4920, the closing price was 4868, the settlement price was 4892, down 22, and the open position was 1106086.
Ethylene glycol:On November 22, the opening price of the EG main contract 2501 of the DSE was 4600, the lowest price was 4576, the highest price was 4638, the closing price was 4612, the settlement price was 4607, up 21, and the open position was 245169.
5. Polyester market production and sales data
| products | 2024.11.22 | 2024.11.21 | rise and fall | units |
| polyester chip | 165% | 40% | +125% | % |
| polyester filament | 40% | 40% | 0% | % |
| polyester staple fiber | 60% | 40% | +20% | % |
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.
