According to the commodity market analysis system of the business community, last week (June 19-25) the domestic polyester staple fiber market was temporarily stable, and the average factory price was 7376 yuan/ton as of June 25, which was flat compared with the beginning of the week. With the repair of processing fees, most of the production reduction devices have been returned successively, and the production of new staple fiber devices has been put into operation, and the current output of staple fiber has increased.
At the same time, the downstream is in the traditional off-season, the demand performance is weak, and the just-needed procurement is mainly. Some cotton mills have parking holidays for several days during the Dragon Boat Festival holiday, especially in Shandong and Hebei. And July-August is often accompanied by the phenomenon of the decline in the construction of yarn mills and weaving mills due to high temperature lack of work or power rationing, and the demand will be further reduced and the pressure on the reservoir will increase.
However, recently, the large raw material PX plant has fallen, resulting in a fall in the on-load, PX supply has been tightened, and short-term prices may be stronger. In this boost, the domestic PTA spot market showed a volatile upward trend, as of June 25, the average price of the spot market in East China was 5690 yuan/ton, up 0.26% from the beginning of the week, forming a favorable support for polyester staple fiber.
Business analysts believe that the cost support of staple fiber factories is still there, and prices are still relatively strong. However, with the gradual deepening of terminal weakening, the performance of the short fiber market is weak, and the risk of falling is vigilant.