SunSirs: The Market Supply Was Tight, and Polyester Staple Fiber Factories Had a Strong Mentality of Raising Prices

https://www.chemnet.com   Jun 20,2024 SunSirs

Price trend

According to the Commodity Market Analysis System of SunSirs, the mainstream market price of domestic polyester staple fiber remained stable on June 19th, with the average price of 1.4D * 38mm in mainstream staple fiber factories at 7,696 RMB/ton. The supply of goods was tight, and the prices of traders had been adjusted to be warmer. The mainstream brand prices in East China ranged from 7,450 to 7,500 RMB/ton, with average market transactions. The increase in cost PTA had strengthened the support for polyester staple fiber, and polyester staple fiber factories had a strong attitude of price appreciation, causing the price center to shift upwards.

Analysis review

The overall international crude oil market was showing a volatile trend, the cost support for PTA still existed. Additionally, the probability of downstream polyester factories reducing production had decreased, leading to an increase in PTA prices. On June 19th, the average PTA market price in East China was 5,963 RMB/ton, with a daily increase of 0.67%. However, the restart of multiple PTA devices was imminent, and production may increase, suppressing the rise of PTA market.

The demand for textiles was in the off-season, and downstream consumers commonly accept high prices. They were cautious and purchased on-demand. The operating rate of the yarn factory was at a low level, with a decrease in new orders in the market and a weak trading atmosphere, most of them mainly consumed inventories.

Market outlook

According to analysts from SunSirs, crude oil had fluctuated and adjusted. With the increase of PTA supply, support for polyester short fibers will weaken, and downstream purchasing enthusiasm was poor. However, polyester staple fiber production factories were selling at a high price, so the price of polyester staple fiber may maintain consolidating.

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

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