Three Major Support For PET Staple Prices Skyrocketing

In the case of rising cotton prices, polyester staple fiber has been on the offensive again this week. Up to now, the total price of the polyester staple fiber semi gloss 1.4D*38mm in the East China region has been priced at 13200-13300 yuan / ton. Shandong Hebei private enterprises producing polyester short 1.4D*38mm main business talks in 13500-13600 yuan / ton.

Analysis of the price rise of polyester staple fibres Reason We can take the following from Aspect Analysis:

The first and most important reason is the "frenzied" cotton. In the downstream weaving mills, the cotton market has quietly entered the thirty thousand era when the cotton price is high. And because of the low cotton production and low quality this year, cotton prices are likely to fall into record highs.

As the most direct replacement product of cotton, the market attention of polyester staple fiber has increased, and the situation of "volume and price rise" has emerged with the increase of rigid demand in the market. Usually, the difference between cotton and its main substitute PET staple is about 20%. If the price of cotton is more than 20% higher than that of PET staple, the market demand of some cotton will turn to polyester staple fiber. If the price of cotton is below 10% of polyester staple, the market demand of some PET staple will turn to cotton. At present, the price gap between the two is still large, so the space for the short and short increases remains.

Followed by high raw material support and strong yarn market. At present, the supply of p-xylene market is still tight, the market is still showing an upward trend; PTA manufacturers have more unexpected failures, and the supply limit of contracts is still unstable. Some good supply and demand sides and financial environment will continue to support the PTA spot market and make a strong rise in the internal and external market. As of now: the RMB offer is estimated at 9100 yuan / ton, and the real value is roughly 9050-9100 yuan / ton; the external shipping market is reluctant to sell, the Taiwan shipping negotiable price is estimated to be around 1125 dollars / ton, and the Korean cargo negotiation intention is 1110-1115 dollars / ton. The price of polyester cotton yarn continues to rise at a high cost, but the market volume is not large, and the turnover is generally. Pure polyester yarn market steadily upward trend, sales situation is acceptable. Although the downstream yarn profit margins have been suppressed, the overall market is still improving.

Again, polyester staple fiber in recent years, its capacity expansion is not much. At present, though Manufactor Basically full load started, some enterprises that have stopped production earlier have resumed production, but the supply of market goods is still tight, manufacturers or low inventory or basically no inventory. In addition, the mentality of buying and selling in the lower reaches further aggravates the market price of polyester staple fiber, and the market atmosphere is hot. The industry is optimistic. Traders and vendors are reluctant to sell goods, and the market price is rising.

　 In conclusion, we believe that polyester staple fibers continue to be strong in the near future, and there is no obvious change in the supply and demand relationship. The market is still optimistic, followed closely by cotton prices and raw material market trends.