According to the price monitoring of the business community, the main contract of domestic staple fiber futures closed at 7152 in the morning, 1.79% higher than the settlement price of the previous trading day, and the settlement price today was 7080. Short fiber raw material futures closed higher today, with PTA up 1.70% and ethylene glycol up 0.55%. The average price quoted on the domestic spot market of polyester staple fiber today is 8001 yuan/ton, down 0.62% from the previous trading day, or 4.34% year-on-year.
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Due to the activities of oil thieves and pipeline breakers, all major oil trunk lines in Nigeria have been closed, and the output in September fell nearly 25%. Today, the main forces of WTI crude oil futures and Shanghai crude oil futures rose slightly by 1.00% and 0.73% respectively (as of 16:25 Beijing time). Cost drove PTA and ethylene glycol futures to close higher today. Short fiber futures also rose today driven by stronger raw materials.
In the near future, Anhui and Yizheng plan to restart the repair of staple fiber devices, and the commencement of staple fiber will be improved; Downstream demand of staple fiber has slightly improved, but there is little change in commencement, and high inventory is not active in staple fiber procurement. Short fiber spot market trend under pressure.
In the future, polyester staple fiber may still fluctuate mainly along with the cost side. It is expected that the price of polyester staple fiber will fluctuate in a narrow range in the short term. Pay attention to the trend of raw materials and downstream orders.
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