Spot price: according to the price monitoring of business agency, the average price of domestic polyester staple fiber spot market on January was 7151 yuan / ton, up 1.06% from the beginning of the week and 12.80% year-on-year. East China’s firm offer was around 7200 yuan / ton.

Futures market: on January 7, the futures price of PF main contract closed at 7392, up 2.84% from yesterday’s settlement price, and the settlement price was 7338; The trading volume is 206065 hands; The position was 120390, the position increased by 9005, and the basis was – 241. The main futures of domestic polyester staple fiber raw materials closed sharply today, with PTA rising 3.75% and ethylene glycol rising 3.98%.

Analysis: due to the cold winter weather and the tense situation in Kazakhstan, the crude oil price rose sharply overnight, and WTI New York crude oil CFD now closed above 80 (as of 17:20). With the rise of oil price and the improvement of PTA cost focus, the PTA price fluctuated sharply today, PTA (after maintenance) devices increased at the beginning of the month, and the supply is expected to decline. Recently, the temporary shutdown of some ethylene glycol units and the extended maintenance time of some units have led to a decline in the operating rate, a recent rise in oil prices, an increase in the cost focus of ethylene glycol, and a strong short-term operation of ethylene glycol. During the new year’s day, the polyester yarn transaction is good, and the inventory of the yarn factory continues to go. At present, the yarn factory receives more orders before and after the Spring Festival. Recently, the supply of polyester staple fiber has decreased slightly, and the downstream ordering atmosphere has improved, mainly due to the supplement of fabric orders in winter and the preparation of fabric orders in spring and autumn of the new year. The sharp rise in raw material prices has driven the price of staple fiber upward. Jiangyin Huahong polyester staple fiber plant is planned to be overhauled around the end of next month.

Forecast: in the future, the price of polyester staple fiber may fluctuate strongly due to the fluctuation of crude oil and PTA price in the short term. Pay close attention to cost side price fluctuations and epidemic changes.

Trade name: acetic acid

Latest price (January 6): 6060 yuan / ton

Key points of analysis: today’s acetic acid market decreased slightly, the price decreased by 0.49% compared with the previous working day, the domestic market decreased regionally, the ex factory price of acetic acid manufacturers in East China and Shandong decreased slightly, and the quotation of enterprises in South China and North China was stable. At present, the inventory of domestic acetic acid enterprises is rational, and the enterprises adjust the quotation according to their own shipment situation. However, the market supply is relatively sufficient, and the downstream market just needs to be purchased. After the acetic acid plant of manufacturers in East China is restored in the later stage, the market supply will increase. At present, the field operators hold a wait-and-see attitude towards the future market.

Future forecast: the short-term acetic acid market operates weakly and stably, and pay attention to the market supply.

Trade name: ammonium sulfate

Latest price: 1465 yuan / ton

Key points of analysis: the price of ammonium sulfate fell on January 5, down 7.86% compared with the previous trading day. Today, the ammonium sulfate Market is in a downturn, the on-site trading is light, and the demand at home and abroad is weak. Most enterprises cut prices and mainly wait and see. Due to the low demand, there is no good news in the short term, and the ammonium sulfate Market weakens.

Future forecast: the price of ammonium sulfate will fall in the short term.

Trade name: sulfuric acid

Latest price (January 4): 640.00 yuan / ton

On January 4, the market price of domestic sulfuric acid decreased slightly, which was 5 yuan / ton lower than that on December 31, a decrease of 0.78%, and a year-on-year increase of 51.48%. From the perspective of upstream and downstream industrial chains, the upstream sulfur market has been low recently, and the cost support is general. The market of bromine and formic acid in the downstream is low, the downstream demand is general, and the rising power of sulfuric acid is insufficient.

Recently, the domestic sulfuric acid market price may fluctuate slightly, and the average quotation price is about 630 yuan / ton.

According to the data of business agency, as of December 31, the average price of domestic fuel oil 180CST was 5240.00 yuan / ton (including tax), up 1.35% from 5170.00 yuan / ton on December 27.

On December 31, the fuel oil commodity index was 106.13, unchanged from yesterday, down 14.65% from the highest point of 124.35 in the cycle (2021-10-26), and up 130.32% from the lowest point of 46.08 on August 15, 2016. (Note: the period refers to the period from September 1, 2011 to now)

The rising price of domestic marine oil raw materials supports the cost of fuel oil 180CST. According to the business news agency, as of December 31, the self raised low sulfur quotation of 180 CST fuel oil and 120 CST fuel oil in Zhoushan area was 5350 yuan / ton, and the self raised low sulfur quotation of 5450 yuan / ton; The quotation of low sulfur for 180 CST fuel oil in Shanghai is 5350 yuan / ton, and the quotation of low sulfur for 120 CST fuel oil is 5450 yuan / ton.

The rise in international crude oil prices this week has led to the rapid spread of Omicron mutant virus, but the symptoms seem to be milder than the previous variants; The market hopes that Omicron will weaken its impact on global demand in 2022 and oil prices will be supported. The main reason is that Saudi Arabia believes that oil supply is still very scarce. In addition, although the epidemic trend is still serious, the symptoms of omiron infected people are relatively mild, which brings some optimism to the market.

Singapore’s fuel oil inventory decreased, which supported fuel oil prices. It is understood that the Singapore enterprise development authority (ESG): as of the week of December 29, Singapore’s fuel oil storage fell by 1371000 barrels to a two-and-a-half month low of 19564000 barrels. Singapore’s light distillate stocks fell 517000 barrels to a five week low of 11.505 million barrels. Singapore’s medium distillate stocks fell 26000 barrels to a three week low of 7.896 million barrels.

Future forecast: the rising international crude oil price and the high cost price in the ship fuel market support the ship fuel market, but the terminal demand is general, the wait-and-see mood is strong, the transaction is light, and the purchase is just needed. The market price of fuel oil 180CST low sulfur is about 5200-5350 yuan / ton, and the market price of fuel oil 120cst low sulfur is about 5300-5450 yuan / ton. It is expected that the fuel oil 180CST market will remain stable in the near future.