Market trends
News from China Fiber Network: The price of polyester staple fiber increased by 0.65% on September 20, while other varieties remained unchanged.
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1. European benchmark natural gas futures rebounded after three days of losses
Benchmark European natural gas futures rebounded after three days of losses to end up 6.6%, as traders weighed whether the continent’s stepped-up efforts to ease a winter supply crisis would be enough to avoid shortages. European governments are currently deploying billions of euros in funding to ensure adequate natural gas supplies. The market is also keeping a close eye on the steady build-up of European natural gas inventories, which now stand at around 86%, slightly above the 5-year average. However, the threat of further disruptions to Russian oil supplies remains, with analysts at Deutsche Bank saying that given that there may not be natural gas from Russia this winter, Europe is likely to implement rationing in some form unless temperatures are mild. Increased demand for LNG in Asia will also likely push up gas prices.
2. Opinions on price fluctuations of polyester staple fiber
Many friends have reported that the price of polyester staple fiber is the most volatile and disorderly in the entire fiber network price system. The price of polyester staple fiber fluctuates. This is mainly from the device level: Although Huzhou Zhonglei short fiber device plans to increase the load, Jiangsu new device plans to put in materials, the start-up is expected to increase, and the supply will increase, but it is relatively limited; while the orders in the downstream weaving field show no obvious signs of improvement, and the peak season Due to lack of signals, yarn mill shipments continue at a slow pace, production starts remain low, and demand for polyester staple fiber is weak. Overall, the supply of polyester staples has increased, demand has been weak, and cost-side support has been insufficient, so it is normal for physical prices to fluctuate frequently following futures.
Hot comments
Since September, on the one hand, the raw material PTA link is currently tense due to the interference of weather factors; on the other hand, the growth rate of orders in the weaving field next week is too slow, and the peak season signal is weak; the accumulation of inventory in the industry has increased, and the risks of the industry The coefficients are also accumulating further. In order to resolve the current industrial risks in the market and technology, the “2022 Second China Textile Industry Risk Management Conference” will be held in October. The registration channel has been opened, and the online booth is open. Users and units with names online are now open. You have the right to participate in the exhibition for free. The number of places is limited. Please hurry up and click the link below to register!
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