According to the Commodity Market Analysis System of Shengyi Society, the domestic polyester staple fiber market has experienced a slight decline since mid November. As of November 28th, the average price of 1.4D * 38mm in mainstream factories in Jiangsu and Zhejiang was 7176 yuan/ton, a decrease of 0.92% from November 12th. Cost fluctuations have weakened, providing insufficient support for the cost of polyester staple fibers. The company has sufficient supply of circulating goods, resulting in relatively weak downstream demand and weakened supply and demand, leading to a fluctuating decline in staple fiber prices.
In the international crude oil market, with the easing of geopolitical issues in the Middle East and a slight decline in crude oil prices, the support for PTA costs has slowed down. As of November 26th, the settlement price of the main contract for WTI crude oil futures in the United States was $68.77 per barrel, and the settlement price of the main contract for Brent crude oil futures was $72.81 per barrel.
Since November, there has been an increase in domestic PTA supply, with over 10 million tons of PTA plants being restarted one after another, and the current industry operating rate is close to 90%. The new PTA production capacity of 2.7 million tons in the East China region is also about to be put into operation, and the PTA supply is still abundant, which is bearish on spot prices. According to the Commodity Market Analysis System of Shengyi Society, as of November 28th, the average market price in East China was 4741 yuan/ton, a decrease of 3.24% from the beginning of the month.
The overall performance of the terminal textile industry is poor, and the industry demand is still in the traditional off-season. Downstream yarn mills maintain their demand for essential purchases. In terms of orders, domestic autumn and winter orders are coming to an end, and the enthusiasm for raw material stocking is insufficient. The demand for foreign trade orders still exists, but it has narrowed compared to the same period last year.
Business analysts believe that the cost side is weakening and adjusting, downstream purchases continue to be cautious, and market fundamentals lack upward drivers. Therefore, the price of polyester staple fibers may continue to adjust downward.
| http://www.sulfamic-acid.com |