Polyester industry chain: lack of market drives the polyester market to weaken
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October 9, 2024, 4:21 PM - Market trend chart of polyester industry chain
On October 9th, the market price index of ethylene glycol was 4776.62, up 24.53 from the previous working day.
China's PTA market price index was 5210 on Oct. 9, down 130 from the previous working day.
On October 9th, the market price index of polyester chips was 6600, down 50% from the previous working day, while the market price index of polyester bottle chips was 6575, down 100 from the previous working day.
II. Summary of market price of polyester industry chain
| Product | Specifications | Market | 2024.10.9 | 2024.10.8 | Rise and fall | Remarks |
| PTA | Spot | East China | 5210 | 5340 | -130 | Self-withdrawing tax, yuan / ton |
| Product | Specifications | Market | 2024.10.9 | 2024.10.8 | Rise and fall | Remarks |
| Glycol | Polyester grade | East China | 4875 | 4830 | + 45 | Self-withdrawing tax, yuan / ton |
| Polyester grade | South China | 4950 | 4930 | + 20 | Short delivery including tax, yuan / ton | |
| Product | Specifications | Market | 2024.10.9 | 2024.10.8 | Rise and fall | Remarks |
| Polyester chip | Semi-light section | East China | 6600 | 6650 | -50 | Factory includes tax, yuan / ton |
| Light slicing | 6625 | 6675 | -50 | Factory includes tax, yuan / ton | ||
| Product | Specifications | Market | 2024.10.9 | 2024.10.8 | Rise and fall | Remarks |
| Polyester bottle chip | Aquarius level (IV.=0.8) | East China | 6575 | 6675 | -100 | Factory includes tax, yuan / ton |
| Oil bottle grade | 6575 | 6675 | -100 | Factory includes tax, yuan / ton | ||
| Hot pot grade | 6575 | 6675 | -100 | Factory includes tax, yuan / ton | ||
| Carbonic acid grade | 6675 | 6775 | -100 | Factory includes tax, yuan / ton | ||
| Aquarius level (IV.=0.8) | South China | 6575 | 6675 | -100 | Factory includes tax, yuan / ton | |
| Oil bottle grade | 6575 | 6675 | -100 | Factory includes tax, yuan / ton | ||
| Hot pot grade | 6575 | 6675 | -100 | Factory includes tax, yuan / ton | ||
| Carbonic acid grade | 6675 | 6775 | -100 | Factory includes tax, yuan / ton | ||
| Product | Specifications | Market | 2024.10.9 | 2024.10.8 | Rise and fall | Remarks |
| Polyester filament | Jiangsu and Zhejiang market POY150D/48F | East China | 7450 | 7450 | 0 | Factory includes tax, yuan / ton |
| Jiangsu and Zhejiang market FDY150D/96F | 7875 | 7875 | 0 | Factory includes tax, yuan / ton | ||
| Jiangsu and Zhejiang market DTY150D/48F | 8850 | 8850 | 0 | Factory includes tax, yuan / ton | ||
| Jiangsu and Zhejiang market POY75D/72F | 7700 | 7700 | 0 | Factory includes tax, yuan / ton | ||
| Product | Specifications | Market | 2024.10.9 | 2024.10.8 | Rise and fall | Remarks |
| Polyester staple yarn | Semi-glossy white 1.56: 38 | Jiangsu Province | 7350 | 7375 | -25 | Factory includes tax, yuan / ton |
| Semi-glossy white 1.56: 38 | Zhejiang | 7375 | 7425 | -50 | Factory includes tax, yuan / ton |
- Brief introduction of Polyester Industry chain Market
PTA
Today, the spot market of PTA in East China has fluctuated and dropped, with a reference of 5210 yuan / ton. This week and next week, the main port and warehouse receipt delivery 01 discount 50-55 near the transaction and negotiations, the spot basis is stable. The international crude oil market fell, suppressing the market mentality, and the PTA futures market fell. The rigid demand of traders and polyester factories follow up, and the market trading atmosphere is general. It is expected that the short-term PTA market may be strongly adjusted.
Glycol
Today, the market trend of ethylene glycol is strong. The supply side is good for support, and the focus of negotiations in the ethylene glycol market has risen slightly. The quotation in East China is around 4875 yuan / ton, up 45 yuan / ton from the previous working day. The quotation in South China is around 4950 yuan / ton. Ethylene glycol port inventory decline, supporting the market. The downstream polyester load is high, and the demand end support is general. Lack of continuous drive in the market, the short-term ethylene glycol market is expected to fluctuate within a narrow range.
Polyester chip
Today, the polyester chip market is weak and volatile. Polyester raw material market fell, cost-end support weakened, polyester chip market low-price supply increased, the focus of market negotiations fell. Downstream rigid demand for stock-based, market production and marketing in general. It is expected that the polyester chip market will maintain the finishing operation in the short term.
Polyester bottle chip
Today, the market volatility of polyester bottle chips is weaker. Polyester raw material market fell, cost-end crackdown, bottle chip manufacturers offer down, bottle chip futures market downward, the focus of market negotiations fell. Downstream cautious follow-up, light market trading. It is expected that the short-term lactone bottle chip market may maintain finishing.
Polyester filament
Today's polyester filament market deadlock finishing. Polyester raw materials market fell back to the market support in general, polyester mainstream manufacturers offer stability, individual narrow range down, the market transaction focus to maintain finishing. Downstream demand weakens, market production and sales decline. It is expected that the market price of filament will be arranged in a narrow range in the short term.
Polyester staple fiber
Today, the polyester staple market is narrowly weak. The decline in the cost side has depressed the market, and the focus of negotiations in the staple fiber market has fallen slightly. Downstream rigid demand follow-up, market production and marketing downturn. It is expected that the short-term market price of polyester staple fiber will be maintained.
IV. Polyester Raw material Futures Market
PTA:PTA main force 2501 contract opening price: 5332, lowest price: 5212, highest price: 5332, closing price: 5234, settlement price: 5260, down 154, position: 1002885.
Ethylene glycol:EG main contract 2501 opening price: 4795, lowest price: 4750, highest price: 4884, closing price: 4805, settlement price: 4810, up 27, position: 303775.
V. production and marketing data of polyester market
| Product | 2024.10.9 | 2024.10.8 | Rise and fall | Unit |
| Polyester chip | 60% | 50% | + 10% | % |
| Polyester filament | 30% | 50% | -20% | % |
| Polyester staple fiber | 55% | 65% | -10% | % |
VI. Future forecast
The international crude oil market fell, insufficient support for the market, polyester raw materials PTA and ethylene glycol market supply and demand end support, it is expected that the short-term market will be narrow shock, polyester raw materials end-driven, polyester market offer will be mainly adjusted slightly with the cost, downstream rigid demand follow-up, market production and sales light. Short-term polyester market prices are expected to fluctuate in a narrow range. In the later stage, we should pay close attention to the changes of the raw material market and the supply and demand of polyester itself.