Under the influence of many factors such as macroeconomics, cost, supply and demand, and industry mentality, domestic polyester staple fiber prices will follow an “M” shape in 2021, with the overall price higher than last year. Next, we will review the important trends during the year.
Data source: Jin Lianchuang
In 2021, the average market price of polyester staple fiber in Jiangsu and Zhejiang is 7,020 yuan/ton, with the highest point at 8,400 yuan/ton and the lowest point at 5,900 yuan/ton. The price amplitude is 42.37%, while the average domestic market price in the same period last year was 5,848 yuan/ton. , a year-on-year increase of 20.04%.
It can be clearly seen from the figure that the polyester short market has two relatively large price fluctuations in 2021, and the operation was relatively stable from April to September. The first round of market fluctuations in the short fiber market was completed in the first quarter. The main reason for the start of the market is that in 2021, downstream home textile orders have increased significantly, and some manufacturers have taken the Spring Festival holiday in advance. However, under the influence of the epidemic this year, some downstream companies are celebrating the New Year in place, and the start-up of yarn mills is better than expected. In addition, buyers are worried about the Spring Festival holiday. Expectations after the Spring Festival are generally optimistic. Staple fiber traders and downstream customers have too much stock. Factories are seriously oversold, and spot prices have also risen sharply. Polyester staple fiber has shown a relatively strong start to the season, and manufacturers’ production and sales have also shown a booming situation, with negative inventory. further intensified. After entering March, the market was fearful of high prices. Downstream polyester yarn factories had been stocking raw materials for more than a month. The drop in international oil prices made the market worry about downstream demand again. Traders also sold stocks due to difficulties in registering warehouse receipts. goods phenomenon. By the end of the first quarter, the transaction price of 1.4D in Jiangsu and Zhejiang was around 6,700-6,900 yuan/ton ex-factory.
After experiencing a sharp decline, my country’s polyester short-term market began to enter a long shock cycle in April. Since summer is the traditional off-season for the textile industry, purchases by yarn and non-woven fabric companies are relatively light, and inventory continues to accumulate, creating greater pressure. Therefore, the polyester staple fiber factory once again adopted measures to reduce burdens and destock, causing the entire second quarter to basically show a narrow adjustment trend, with fluctuations of around 200-300 yuan/ton. The basic range of mainstream negotiations for 1.4D direct spinning in Jiangsu and Zhejiang is 6,700-7,000 yuan/ton.
Entering the fourth quarter, the short fiber market experienced a second round of market fluctuations. As crude oil continued to rise during the National Day holiday, polyester cost-end prices rose. Driven by the sharp increase in the cost of polyester raw materials, the polyester staple fiber market has also risen sharply. Some companies have raised their quotations many times. However, the downstream ability to accept high prices is limited, and the power for polyester staple fiber to continue to rise is limited. Therefore, when the raw materials experience a correction, , polyester staple fiber was also dragged down by it, and fell back from a high level. Most of the decline was caused by the large fluctuations in polyester staple fiber prices in the early stage and the panic among market participants.
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