Spot price: according to the price monitoring of the business community, the domestic staple fiber quotation on April 8 was 7018 yuan, down 1.47% from last week.
Futures market: on April 8, the futures price of the pf2105 contract closed at 6918, down 1.93% from the previous trading day, with a settlement price of 6974 yuan, a trading volume of 116465 and a base of 82068 positions. Domestic polyester industry chain futures closed down one after another, with PTA in the upstream industry chain down 2.97% and ethylene glycol down 2.19%.
Analysis and Forecast: the international oil price shocks, PTA, glycol, staple fiber industry chain since last week a small rebound. PTA earlier accumulated rebound is larger, today’s callback is also larger. Ethylene glycol also lacks the power to continue to rise, so it will be back today. Staple fiber prices have fallen sharply since March, downstream mills, trade intermediaries low position, staple fiber recent rebound. However, there is no obvious improvement in downstream orders, the willingness to replenish is weakening, and the wait-and-see mood is strong. Today, the price of staple fiber is weak, rebounding and then falling. In the future, the accumulation pressure of short-term polyester staple fiber is still in, or still weak shock. However, in the medium term, after the inventory is slowly consumed, with the advent of a new purchasing cycle in the downstream, the kinetic energy of the decline of polyester staple fiber will be weakened, and the crude oil is expected to rebound when it is stable.
| Thiourea |