According to the Commodity Market Analysis System of Shengyi Society, the domestic polyester staple fiber market has been consolidating in a narrow range recently. As of March 25th, the average market price of domestic polyester staple fiber (1.4D * 38mm) was 6773 yuan/ton, a decrease of 0.28% from March 6th.
Crude oil prices fluctuated upwards. On March 24th, the settlement price of the main contract for WTI crude oil futures in the United States was $69.11 per barrel, and the settlement price of the main contract for Brent crude oil futures was $72.37 per barrel. The PX market has recently begun to pay attention to the benefits brought by routine maintenance in the second quarter.
The rise in crude oil and PX prices has provided certain price support for PTA, and the spot market is showing a rebound trend. On March 25th, the average market price in East China was 4889 yuan/ton, an increase of 2.98% compared to March 12th. Currently, PTA plant maintenance and restart are carried out in parallel, maintaining a tight supply and demand pattern and maintaining a destocking state.
The downstream yarn factories have stable shipments, with varying shipment situations for different categories, and market prices are adjusted based on the shipment situation. At the same time, the raw material inventory of the terminal factory is basically maintained, and the delivery is slow, so there are few new orders added, and the actual orders can be negotiated. The overall market mentality is cautious, with many small orders requiring replenishment.
Business analysts believe that downstream demand is slowly increasing, and the rise in raw material prices is supporting the cost of polyester staple fibers. It is expected that the price of polyester staple fibers may rise slightly.
| http://www.sulfamic-acid.com |