Price trend

The warmer cost dominated the price trend. According to the commodity market analysis system of SunSirs, the domestic polyester staple fiber market fluctuated and adjusted upwards in January. As of January 14th, the average ex factory price of 1.4D * 38mm in Jiangsu and Zhejiang regions was 7,276 RMB/ton, an increase of 2.10% from the beginning of the month.

Analysis review

The US Treasury Department has imposed comprehensive sanctions on a European country's oil industry, intensifying market concerns about disruptions in its oil supply. International crude oil prices have risen sharply. As of January 14th, the settlement price of the main contract for WTI crude oil futures in the United States was 77.50 US dollars per barrel, and the settlement price of the main contract for Brent crude oil futures was 79.92 US dollars per barrel.

The PTA spot market followed the rise of crude oil, with the average PTA market price in East China at 4,996 RMB/ton as of January 14th, up 4.30% from the beginning of the month. In terms of self supply, Jiaxing Petrochemical's 1.5 million ton PTA plant underwent maintenance on December 12th and restarted on January 13th, 2025. Rolex's 1.25 million tons underwent maintenance around January 13th. The spot market supply was still sufficient, and the industry operating rate was around 81%.

In addition, the decline in self supply also had a greater impact on the driving force of polyester staple fiber. Recently, there has been a reduction in production and an increase in maintenance of polyester staple fiber equipment, resulting in a gradual contraction of supply liquidity.

There was no significant increase in terminal orders, and the main focus was on essential procurement. The Spring Festival is approaching, and there are many holiday maintenance plans. The operating rate of terminal looms has dropped to around 63%, and the stocking phase has ended.

Market outlook

SunSirs’ analysts believe that the short-term cost increase dominates the polyester staple fiber market, but its sustainability is highly uncertain, so further upward space is limited.

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