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Polyester industry chain: Macroeconomic benefits boost polyester market trend stronger

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September 27, 2024, 4:26 PM
  1. Market trend chart of polyester industry chain

On September 27th, the market price index of ethylene glycol was 4571.72, up 11.08 from the previous working day.

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On Sept. 27, China's PTA market price index was 4890, up 30% from the previous working day.

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On September 27th, the market price index of polyester chips was 6125, unchanged from the previous working day; the market price index of polyester bottle chips was 6300, up 25% from the previous working day.

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II. Summary of market price of polyester industry chain

ProductSpecificationsMarket2024.9.272024.9.26Rise and fallRemarks
PTASpotEast China48904860+ 30Self-withdrawing tax, yuan / ton
ProductSpecificationsMarket2024.9.272024.9.26Rise and fallRemarks
GlycolPolyester gradeEast China45504530+ 20Self-withdrawing tax, yuan / ton
Polyester gradeSouth China46504640+ 10Short delivery including tax, yuan / ton
ProductSpecificationsMarket2024.9.272024.9.26Rise and fallRemarks
Polyester chipSemi-light sectionEast China612561250Factory includes tax, yuan / ton
Light slicing617561750Factory includes tax, yuan / ton
ProductSpecificationsMarket2024.9.272024.9.26Rise and fallRemarks
Polyester bottle chipAquarius level (IV.=0.8)East China63006275+ 25Factory includes tax, yuan / ton
Oil bottle grade63006275+ 25Factory includes tax, yuan / ton
Hot pot grade63006275+ 25Factory includes tax, yuan / ton
Carbonic acid grade64006375+ 25Factory includes tax, yuan / ton
Aquarius level (IV.=0.8)South China63006275+ 25Factory includes tax, yuan / ton
Oil bottle grade63006275+ 25Factory includes tax, yuan / ton
Hot pot grade63006275+ 25Factory includes tax, yuan / ton
Carbonic acid grade64006375+ 25Factory includes tax, yuan / ton
ProductSpecificationsMarket2024.9.272024.9.26Rise and fallRemarks
Polyester filamentJiangsu and Zhejiang market POY150D/48FEast China685068500Factory includes tax, yuan / ton
Jiangsu and Zhejiang market FDY150D/96F74257425+ 25Factory includes tax, yuan / ton
Jiangsu and Zhejiang market DTY150D/48F845084500Factory includes tax, yuan / ton
Jiangsu and Zhejiang market POY75D/72F690069000Factory includes tax, yuan / ton
ProductSpecificationsMarket2024.9.272024.9.26Rise and fallRemarks
Polyester staple yarnSemi-glossy white 1.56: 38Jiangsu Province712571250Factory includes tax, yuan / ton
Semi-glossy white 1.56: 38Zhejiang715071500Factory includes tax, yuan / ton
  1. Brief introduction of Polyester Industry chain Market

PTA

Today, the spot market trend of PTA in East China is getting stronger, and we will consult around 4890 yuan / ton. This week and next week, the main port and warehouse receipt delivery 01 discount 60-66 near the transaction and negotiations, the spot basis is stable. China's policy is good to stimulate, the commodity atmosphere strengthens, boosts the market mentality, the PTA futures market rebounds in the afternoon. 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 will maintain a narrow adjustment.

Glycol

Today, the market trend of ethylene glycol is strong. The improvement of the commodity market atmosphere has boosted the market mentality, and the focus of negotiations in the ethylene glycol market has risen slightly. The quotation in East China revolves around 4550 yuan / ton, up 20 yuan / ton from the previous working day. The quotation in South China is around 4650 yuan / ton. Ethylene glycol port inventory decline, supporting the market. The downstream polyester load is stable 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's polyester chip market is narrowly arranged. The polyester raw material market rises, the cost end support, the polyester chip factory offer is stable, the market negotiation center of gravity adjusts slightly. 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 trend of polyester bottle chips is strong. The polyester raw material market rises, the cost end support strengthens, the bottle chip manufacturer's offer rises many times, the bottle chip futures market rises, the market negotiation center of gravity pulls up slightly. 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 material market rising to support the market, polyester mainstream manufacturers offer stability, local negotiations on a small adjustment, the market transaction focus of narrow 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

The market of polyester staple fiber fluctuates in a narrow range today. The rising cost side supports the market, and the staple fiber market talks about a narrow adjustment of the center of gravity. Downstream rigid demand follow-up, market production and marketing is OK. 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 2501 contract opening price: 4912, lowest price: 4894, highest price: 5040, closing price: 5010, settlement price: 4950, up 90%, position: 1121562.

Ethylene glycol:EG main contract 2501 opening price: 4489, lowest price: 4480, highest price: 4539, closing price: 4513, settlement price: 4505, up 19, position: 260667.

V. production and marketing data of polyester market

Product2024.9.272024.9.26Rise and fallUnit
Polyester chip45%50%-5%%
Polyester filament40%40%0%%
Polyester staple fiber60%45%+ 15%%

VI. Future forecast

China's policy side is good to boost, support the market, polyester raw materials PTA and ethylene glycol market supply and demand support, it is expected that the short-term market will be strong 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 weakening. 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.