< img height="1" width="1" style="display:none" src="https://www.facebook.com/tr?id=2433975083660159&ev=PageView&noscript=1" />
Hi there!!! 👋
We are here to help. Chat with us on WhatsApp for any queries.
Hi there! How can we help you?

Price trends of polyester, ethylene glycol and Brent crude oil in China and the world on October 12,2024

547
October 12, 2024, 3:57 PM
  1. Market trend chart of polyester industry chain

On October 12th, the market price index of ethylene glycol was 4778.99, up 41.18 from the previous working day.

image.png

China's PTA market price index was 5185 on Oct. 12, up 5% from the previous working day.

image.png

On October 12, the market price index of polyester chips was 6525, which was the same as that of the previous working day, while that of polyester bottle chips was 6525, which was the same as that of the previous working day.

image.png

II. Summary of market price of polyester industry chain

ProductSpecificationsMarket2024.10.122024.10.11Rise and fallRemarks
PTASpotEast China51855180+ 5Self-withdrawing tax, yuan / ton
ProductSpecificationsMarket2024.10.122024.10.11Rise and fallRemarks
GlycolPolyester gradeEast China48804810+ 70Self-withdrawing tax, yuan / ton
Polyester gradeSouth China49504900+ 50Short delivery including tax, yuan / ton
ProductSpecificationsMarket2024.10.122024.10.11Rise and fallRemarks
Polyester chipSemi-light sectionEast China652565250Factory includes tax, yuan / ton
Light slicing652565250Factory includes tax, yuan / ton
ProductSpecificationsMarket2024.10.122024.10.11Rise and fallRemarks
Polyester bottle chipAquarius level (IV.=0.8)East China652565250Factory includes tax, yuan / ton
Oil bottle grade652565250Factory includes tax, yuan / ton
Hot pot grade652565250Factory includes tax, yuan / ton
Carbonic acid grade662566250Factory includes tax, yuan / ton
Aquarius level (IV.=0.8)South China652565250Factory includes tax, yuan / ton
Oil bottle grade652565250Factory includes tax, yuan / ton
Hot pot grade652565250Factory includes tax, yuan / ton
Carbonic acid grade662566250Factory includes tax, yuan / ton
ProductSpecificationsMarket2024.10.122024.10.11Rise and fallRemarks
Polyester filamentJiangsu and Zhejiang market POY150D/48FEast China745074500Factory includes tax, yuan / ton
Jiangsu and Zhejiang market FDY150D/96F787578750Factory includes tax, yuan / ton
Jiangsu and Zhejiang market DTY150D/48F885088500Factory includes tax, yuan / ton
Jiangsu and Zhejiang market POY75D/72F770077000Factory includes tax, yuan / ton
ProductSpecificationsMarket2024.10.122024.10.11Rise and fallRemarks
Polyester staple yarnSemi-glossy white 1.56: 38Jiangsu Province732573250Factory includes tax, yuan / ton
Semi-glossy white 1.56: 38Zhejiang732573250Factory includes tax, yuan / ton
  1. Brief introduction of Polyester Industry chain Market

PTA

Today, East China PTA spot market is arranged in a narrow range, with a reference of 5185 yuan / ton. This week and next week, the main port and warehouse receipt delivery 01 discount 65-75 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 was closed. 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 adjust narrowly.

Glycol

Today, the narrow range of ethylene glycol market is strong. Under the favorable support of supply and demand, the focus of negotiations in the ethylene glycol market rose slightly, with quotations in East China around 4880 yuan / ton, up 70 yuan / ton from the previous working day. The quotation in South China is around 4950 yuan / ton. Ethylene glycol port inventory remains low, 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 maintains finishing. Polyester raw materials market finishing, cost end support, polyester chip manufacturers offer stability, market negotiations focus on small fluctuations. The downstream demand is weak, and the market production and marketing is light. It is expected that the polyester chip market will maintain the finishing operation in the short term.

Polyester bottle chip

Today, the market for polyester bottle chips fluctuates within a narrow range. Polyester raw material market consolidation, cost end support is stable, mainstream bottle chip manufacturers offer stable, bottle chip futures market closed, the market talks about a small adjustment of the focus. 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 finishing to support the market, polyester mainstream manufacturers offer stability, the focus of market transactions to maintain finishing. Downstream demand weakens, market production and sales are flat. It is expected that the market price of filament will be arranged in a narrow range in the short term.

Polyester staple fiber

Today's polyester staple market narrow finishing. The high cost end supports the market, and the focus of negotiations in the staple fiber market fluctuates slightly. Downstream rigid demand follow-up, market production and marketing weakening. 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: 5250, lowest price: 5214, highest price: 5288, closing price: 5236, settlement price: 5252, up 40, position: 1001003.

Ethylene glycol:EG main contract 2501 opening price: 4740, lowest price: 4717, highest price: 4792, closing price: 4786, settlement price: 4760, up 20%, position: 298769.

V. production and marketing data of polyester market

Product2024.10.122024.10.11Rise and fallUnit
Polyester chip25%30%-5%%
Polyester filament30%35%-5%%
Polyester staple fiber35%50%-15%%

VI. Future forecast

The shock of the international crude oil market promotes the formation of 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 a narrow range of shocks, 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.