According to the Commodity Market Analysis System of Business Society, the domestic polyester staple fiber market prices slightly declined this week (September 18-22). As of September 22, the average price quoted by the 1.4D * 38mm polyester staple fiber factory was 7972 yuan/ton, a decrease of 0.75% compared to the beginning of the week.
The support for raw materials has weakened, leading to a correction in international crude oil prices. As of September 20th, the settlement price of the main contract for WTI crude oil futures in the United States was $89.63 per barrel, while the settlement price of the main contract for Brent crude oil futures was $93.37 per barrel. PTA followed the decline in crude oil. Although the PTA factory announced its device maintenance plan, it failed to boost the market. As of September 22, the market price of PTA in the East China region was 6289 yuan/ton, a decrease of 1.89% compared to the beginning of the week.
From a downstream perspective, the textile industry is still in the peak consumption season, and the market is partially moderate. At present, both yarn mills and traders generally indicate that although there has been an improvement in small batch sales, there are still not many large single aspects, and a significant improvement needs to be examined. There is a strong wait-and-see sentiment, and downstream demand support is average. Although the foreign trade market has recovered somewhat, its strength is still limited. The price has remained stable, with the average market price of pure polyester yarn in Shandong as of September 15th at 12925 yuan/ton
Analysts from the Business Society believe that there is currently no adjustment to the installation of polyester staple fiber factories, and the industry’s production capacity remains below 80%, with sufficient supply of goods. On the demand side, due to the impact of the Asian Games, downstream yarn factories in Zhejiang have slightly adjusted their operations, maintaining a rigid demand for polyester staple fiber procurement. In addition, as raw material prices decline, the focus of cost support shifts downwards. It is expected that the short-term market price of polyester staple fibers will be narrow and weak.
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