According to the Commodity Market Analysis System of Shengyi Society, the price of domestic polyester staple fiber has fluctuated downward in the past month. As of July 22, the average market price of domestic polyester staple fiber (1.4D * 38mm) was 6592 yuan/ton, a decrease of 4.82% from June 23.
| Gamma-PGA (gamma polyglutamic acid) |
The demand side performance in June was average, with short fiber prices mainly following fluctuations in raw materials. In early July, short fiber enterprises independently reduced the proportion of contracts and promoted the phased repair of processing fees. However, due to insufficient follow-up of terminal textile orders, downstream yarn factories have continued to experience a decline in load, resulting in a shift in the center of gravity of short fiber prices.
The cost side support has retreated, the trend of crude oil has weakened, and there are many external unstable factors. The overall trend of commodities is sluggish. As of July 21, the settlement price of the September WTI crude oil futures contract in the United States was $65.95 per barrel, and the settlement price of the September Brent crude oil futures contract was $69.21 per barrel.
Recently, the operation of PTA plants in China has been stable. In the second half of the year, a total of 6.2 million tons of new PTA production capacity will be put into the market, while the downstream polyester sector will only add more than 3 million tons of new production capacity. The supply-demand imbalance will be further highlighted, and there are still expectations of inventory accumulation. The price performance is weak, with the average PTA market price in East China at 4817 yuan/ton as of July 22, a decrease of 8.8% from June 23.
The downstream yarn industry has shown weak performance, partly due to the impact of high temperature and high heat environment. In order to ensure worker safety and reduce energy consumption, yarn factories generally adopt the strategy of “reducing shifts to ensure production”; On the one hand, the procurement of non essential consumer goods such as clothing and home textiles has shrunk, resulting in a decrease in foreign trade orders, which directly affects exports.
Business analysts believe that the fluctuating news of tariffs, geopolitical factors, and other factors have led to a wide range of fluctuations in crude oil prices, and the lack of substantial benefits for PTA supply and demand has limited cost support. Under the combined off-season, the terminal textile orders continue to decrease, and it is difficult for the demand side to improve in the short term. It is expected that the price of polyester staple fibers will remain weakly adjusted.
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