Polyester Staple Fell Out Of The Sky Due To Loss Pressure Or Decline.

At present, under the cost end, the cash flow of polyester staple fiber is almost completely squeezed out; but the downstream demand is still weak. In order to avoid the risk of the Dragon Boat holiday, the market still has the possibility of falling around the holiday, but the decline has a sign of slowing down by the loss pressure.

The cost side is fading away.

At this stage, the decline of PX is slowing down, and the tight liquidity of PTA spot market plays a supporting role in the market price. However, in June, the planned maintenance of the PTA device was relatively small, and the terminal demand had not yet been improved. Therefore, the PTA price in the short run was not driven by the factors of continuous large increase, or the shock adjustment was the main factor.

MEG, at this stage, the pressure capacity of MEG market is enhanced, and the contradiction between supply and demand has eased. However, polyester production and marketing are still in the doldrums, and the storage is expected to be stronger. It is expected that the short-term MEG market will remain weak.

The downstream has been weak in the off-season.

After entering May, the price of polyester cotton, pure polyester and pure cotton yarn has dropped sharply, of which pure polyester yarn has the biggest decline, and polyester cotton yarn is the second.

Apart from the downward trend of prices, the textile market has entered the off-season early.

Taking polyester cotton yarn as an example, due to poor shipment, the stock days of polyester cotton yarn have increased from more than ten days in early May to the current month.

Another important concern is that in the market of raw materials and product prices falling, many of the raw materials of high priced raw materials in the early stage of polyester cotton yarn enterprises are trapped in prison.

What is the trend of PET staple in the short term?

Cost side, although PTA has expected maintenance, but polyester factory production is still continuing, coupled with its own processing fees are high, the subsequent rise in height and duration will be limited.

Although the polyester staple fiber market has a certain cost support, but the downstream stock is high, and the local spinning factory plans to stop before and after the Dragon Boat Festival, the demand side lacks support, the polyester staple fiber goes slowly to the inventory process, and the market pulls up resistance is bigger. It is expected that the market will be the main purpose of the short term market or for the trend of disadvantaged finishing.