Daily Review: Cautious Operation, Stable with Small Fluctuations in Polyester Chip Market

Market Overview: As of April 30, 2026, the prices of polyester chips in the market were generally stable with minor fluctuations. In the Jiangsu and Zhejiang regions, the negotiated transaction price of semi-dull chips was around 7,800 yuan/ton, the same as the previous working day. The negotiated transaction price of bright chips was at 7,960 yuan/ton, also unchanged from the previous working day. With the high volatility of crude oil prices, the raw material market continues to see positive factors, and under the support of cost, the quotations from chip manufacturers were steadily increased. However, considering the approaching holiday, industry players lack confidence in the future market, are cautious in their operations, and the overall transaction center has not seen a significant change.

On the supply side, the average operating rate of the polyester chip industry is around 79.22%.

Upstream market: The domestic PTA market in East China is adjusting with fluctuations. During the day, international oil prices are showing a warm fluctuation, and the cost support still exists. The domestic PTA market in East China is adjusting with fluctuations, with prices around 6,905 yuan/ton; the ethylene glycol market is operating warmly, with the spot price in the East China market around 5,160 yuan/ton.

Short-term forecast: Geopolitical tensions continue, and the significant unexpected drop in US crude oil inventory last week has raised concerns about potential supply shortages during the summer demand peak. According to BCGY, international oil prices are expected to remain in a high range with a slight upward trend in the short term. The cost side shows obvious positive factors, but demand has been weak during the holiday period, with traders waiting for new information after the holiday. It is expected that the polyester chip market will remain at a high level in the short term. The price range for semi-dull chips in the Jiangsu-Zhejiang area is expected to be between 7700-7850 yuan/ton, while the price range for bright chips is expected to be between 7900-8100 yuan/ton.