In June, the price of domestic polyester staple fiber showed a sharp upward and downward trend. According to the price test of business agency, the average price of domestic polyester staple fiber on the spot market was 8851 yuan / ton on June 30, up 3.02% from 8592 at the beginning of the month and 24.26% year-on-year. In the futures market, the main short fiber contract closed at 7978 at the end of the month, down 5.45% from the beginning of the month.
The main reasons for the rise in polyester staple fiber prices in June were weak costs and sluggish demand: opec+ maintained its original small production increase plan in August, and Biden confirmed that he would meet with Saudi leaders. The prospect of economic growth put overall pressure on market sentiment, and the high level of international crude oil futures prices fell in June. WTI crude oil fell 8.03% to close at US $105.99 per barrel in June. The fall in oil prices dragged down the high prices of PTA and ethylene glycol, the upstream raw materials of staple fiber, and the PTA period and spot month fell by 5.43% and 1.78% respectively. Ethylene glycol futures and spot fell by 11.02% and 4.00% respectively in the month. With the temperature rising and the industry off-season approaching, the downstream operating rate is gradually declining, demand and foreign trade are weak, and it is difficult to improve in the short term. This month, short fiber maintenance began to increase, the operating rate gradually fell, and the supply in some regions was insufficient, resulting in the performance of spot prices stronger than futures.
Business analysts believe that the current performance of textile terminals is still weak, with high factory inventories and weak demand and exports. In July, the off-season went further, and it is expected that the overhaul of short fiber enterprises will increase, and the operating rate may continue to decline. Under the weak supply and demand, the future market of staple fiber may still be not optimistic. Pay attention to the changes in raw material prices, the adjustment of U.S. tariff policies, the epidemic, the situation in Russia and Ukraine, etc.
| Thiourea |