Spot price: This week (11.6-11.12), the spot price of domestic polyester staple fiber fell slightly unilaterally. According to the price monitoring of SunSirs, the average price of domestic polyester staple fiber on November 12 was around 7,685 yuan/ton, down 2.70% from last weekend and up 33.47% year-on-year. The actual transaction volume in East China over the weekend was around 7,250 yuan/ton.
Futures market: The main short fiber futures PF2201 contract price closed at 6908 on November 12, down 168 or 2.37% from last week’s closing price. It has fallen for the fourth consecutive week. The settlement price was 6,976 yuan; the trading volume was 664,212 lots; the position was 138,686, the position increased by 32,991, and the basis difference was 777. Domestic polyester industry chain futures were mixed this week, with PTA rising by 0.60% and ethylene glycol falling by 4.68%.
Influencing factors: 1. Oil prices first rose and then fell this week. Wednesday’s decline was the largest single-day decline in November. Over the weekend (as of 16:00), the main WTI New York crude oil contract closed at $81/ Near the barrel, there was a slight decline throughout the week; 2. This week, PTA spot prices rose slightly due to the overall decline in construction and the rebound in downstream polyester production. The PTA market showed signs of stabilizing this week after falling for 3 weeks; 3. This week, B2 The inventory of some alcohol units for maintenance and technical renovation has dropped. However, affected by the short-term stabilization of coal prices, the spot prices are still falling, and the market has entered a stable period after the decline; 4. The quotation of pure polyester yarn this week remains stable, and the transaction speed is slow. , the current production and sales of yarn mills are at a very low level, mainly issuing early orders. The low-priced goods in the trade link are relatively good. The overall trading in the yarn market is not good. The downstream industry maintains a rigid need to make up for it, and textile companies are gradually under pressure. ; 5. This week, the supply of polyester staple fiber increased slightly due to the slowdown in domestic power restriction policies. Next week, Xinfengming Zhonglei staple fiber equipment may produce products.
Market outlook: In the short term, crude oil prices will weaken again, and polyester staple fiber cost-end support will weaken. Power restrictions in major textile provinces are expected to be further alleviated, and production and sales in the upstream and downstream of the industrial chain will rebound. It is expected that polyester staple fiber will still show a weak and volatile trend in the short term. Pay close attention to cost-side fluctuations and changes in dual energy control policies.
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