Price trend

According to the price monitoring of SunSirs, the main contract of domestic polyester staple fiber futures closed at 7,152 in the morning on the 18th, 1.79% higher than the settlement price of the previous trading day, and the settlement price was 7,080 on the 18th. Polyester staple fiber raw material futures closed higher on the 18th, with PTA up 1.70% and ethylene glycol up 0.55%. On the 18th, the average price of domestic polyester staple fiber spot market was 8,001 RMB/ton, down 0.62% from the previous trading day and down 4.34% year on year.

Analysis review

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%. On the 18th, 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 driven, PTA and ethylene glycol futures closed higher on the 18th. Polyester staple fiber futures also rose on the 18th, driven by stronger raw materials.

In the near future, Anhui and Yizheng plan to restart the repair of polyester staple fiber devices, and the operating rate of staple fiber will be improved; Downstream demand for polyester staple fiber has slightly improved, but the operating rate has not changed much. The inventory was high, and the purchase of polyester staple fiber was not active. Polyester staple fiber spot market trend was under pressure.

Market outlook

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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