According to the price monitoring of business agency, the average price of domestic polyester staple fiber spot market on July 13 was 8351 yuan / ton, down 1.28% from the previous trading day and up 16.06% year-on-year. The main contract of domestic staple fiber futures closed at 7080 in the morning, down 5.45% from the settlement price of the previous trading day, and the settlement price today was 7136. The main futures of staple fiber raw materials closed down today, with PTA main falling by 7.01% and ethylene glycol main falling by 1.36%.
| PVA |
On Tuesday (July 12), international oil prices plummeted to the lowest level since April 12, with both the United States and Burundi falling below $100. US oil fell 7.92% to US $95.84 / barrel. The sharp decline in costs, coupled with the arrival of the traditional off-season, the weak demand for textile terminals, and the continuous sharp decline in the staple fiber (polyester) industrial chain. Recently, many PTA units have been restarted, the supply has increased, and the downstream demand is insufficient. The follow-up needs to see the “golden nine silver ten” orders. The weak supply and demand of ethylene glycol led to the decline of construction, the increase of maintenance plans, and the future supply and demand pattern may be expected to ease. Under the drag of sluggish demand and sharp decline in costs, the main force of staple fiber futures continued to fluctuate and decline from the highest level of 9168 on June 10. In the past two days, it broke down again, with a cumulative decline of more than 22%. Polyester staple fiber spot also significantly retook its previous increase. However, at present, spot delivery is still tight, and the trend of staple fiber spot is stronger than that of futures.
After the continuous decline in prices, there may be replenishment demand in the downstream, and it is expected that polyester staple fiber will stabilize after a short-term weak shock.
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