According to the Commodity Market Analysis System of Shengyi Society, the price of domestic polyester staple fiber has been fluctuating upwards recently. As of August 26th, the average market price of domestic polyester staple fiber (1.4D * 38mm) was 6585 yuan/ton, an increase of 1.73% compared to August 20th.
The positive support from the cost side has strengthened, and as of August 25th, the settlement price of the October WTI crude oil futures contract in the United States was $64.80 per barrel, while the settlement price of the October Brent crude oil futures contract was $68.80 per barrel. The PTA plant in East China has been shut down for maintenance, and the supply balance sheet has been reduced to expand inventory. The focus of spot prices has strengthened. As of August 26, the average market price in East China was 4922 yuan/ton, an increase of 4.28% from August 18.
The price of raw materials has risen, and the wait-and-see atmosphere in the downstream yarn market has increased. Market transactions are still average, and prices remain stable. Among them, the price of Changle T32S remained stable around 10350; Vortex spun polyester yarn T30S sold at 10400. The demand for terminal orders is difficult to improve in the short term, and the main focus is on stocking raw materials for urgent needs.
Business analysts believe that, driven by cost support, the overall atmosphere of the industrial chain is still acceptable. The traditional peak season for “Golden September” textile is approaching, and the market inquiry atmosphere will gradually become active. Therefore, overall, the market price of polyester staple fiber still shows a strong trend.
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