Price trend

According to the Commodity Market Analysis System of SunSirs, the domestic polyester staple fiber market prices rose first and then fell in September. After reaching a new high for the year in mid September, it slightly declined, but overall it still showed an adjustment at high levels. As of September 28th, the average price of the 1.4D * 38mm polyester staple fiber quoted by factory was 7,912 RMB/ton, an increase of 2.26% compared to the beginning of the month.

Analysis review

The price of raw material PTA rose first and then fell. As of September 28th, the average spot market price of PTA in East China was 6,213 RMB/ton, an increase of 0.22% compared to the beginning of the month. In the first half of the month, the cost side support was strong, with the price of auxiliary acetic acid rising sharply, coupled with an unexpected decrease in PTA equipment load, the market supply stage was tightening. In addition, with the arrival of the peak season of demand for the "Golden September and Silver October" and the rebound in terminal loom startup rate, PTA prices continued to strengthen under the combination of positive factors. But in mid September, with the weakening of crude oil and demand, and the restart of its own equipment, PTA prices fluctuated slightly and fell back.

The downstream textile industry was still in the peak consumption season, with a mild market and a slight increase in prices for polyester yarn factories. As of September 28th, the average market price for pure polyester yarn in Shandong was 12,925 RMB/ton, an increase of 0.58% compared to the beginning of the month. The decline in textile and clothing exports narrowed in August. In August, textile and clothing exports reached 27.86 billion US dollars, a decrease of 10.2%, and a month on month increase of 2.8%. Among them, textile exports reached 11.69 billion US dollars, a decrease of 6.3%, and a month on month increase of 4.8%. Clothing exports reached 16.17 billion US dollars, a decrease of 12.7%, and a month on month increase of 1.3%. As of September 28th, downstream textile companies generally indicated that although there had been an improvement in small batch sales, there were still not many major aspects, and with the weakening of polyester staple fiber prices, the industry had a strong wait-and-see sentiment.

Market outlook

Analysts from SunSirs believe that crude oil supply was still tight and support was still acceptable. However, there was a production plan for PTA's new production capacity, with expectations of increased supply and rising inventory. And the downstream demand peak season was gradually coming to an end, and the demand side would also narrow. Overall, it is expected that the prices of polyester staple fibers will fluctuate to be weaker in October.

If you have any questions, please feel free to contact SunSirs with support@SunSirs.com.