According to the Commodity Market Analysis System of Shengyi Society, the domestic price of polyester staple fiber was adjusted narrowly and weakly this week (September 15-19). As of September 19, the average market price of polyester staple fiber (1.4D * 38mm) was 6459 yuan/ton, a decrease of 0.18% from the beginning of the week.
In the crude oil market, on the one hand, Russia and Ukraine have triggered potential supply risks, especially concerns about the supply of crude oil from a certain European country have once again increased. Coupled with the Federal Reserve’s interest rate cuts, international oil prices have risen recently, supporting PTA costs. As of September 18th, the settlement price of the November WTI crude oil futures contract in the United States was $63.26 per barrel, and the settlement price of the December Brent crude oil futures contract was $66.92 per barrel.
The PTA factory’s plan to restart the equipment has been postponed, and the overall demand side has not changed much. The cost side support is still acceptable, and the domestic PTA market is mainly experiencing narrow fluctuations this week. As of September 19th, the average market price of PTA in East China was 4631 yuan/ton, a decrease of 0.01% from the beginning of the week. PTA processing fees are still at a low level for the year, and the current operating rate of the domestic industry is around 76%. Recently, there are expectations of a restart of domestic facilities, but some PTA factories have added maintenance plans for October and November, which is positive for market sentiment.
On the demand side, without clear direction guidance, most yarn factories adopt a cautious and wait-and-see attitude, and the overall market trading is flat, with prices temporarily stable, and actual transactions mostly following the market. The traditional peak season is not prosperous, the terminal performance is lukewarm, the order situation is generally lower than expected, and the market’s wait-and-see sentiment is spreading.
Business analysts believe that in the short term, cost support is still acceptable, but downstream procurement enthusiasm is hindered, and the market lacks substantial positive support. The price of polyester staple fiber may show a downward trend.
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