Weak Demand, Polyester Staple Fiber Prices Continue To Fall

According to the national short fiber price monitoring, 1.4d polyester prices fell. As of July 10, the spot price of 1.4d polyester staple fiber in China was about 5550 yuan / ton, down 3.27% about 190 yuan / ton compared with the previous week, and about 300 yuan / ton by 5.73% compared with the beginning of July. Since July, the price of polyester staple fiber has fluctuated greatly, falling slightly.

Compared with the weak situation of the weaving Market, the enthusiasm for starting the raw material end is still high. At present, the operating rate of PTA plant is about 93.19%, and that of polyester industry is about 86.44%. In terms of downstream demand, in the case of lack of domestic and foreign orders and serious accumulation of stocks, enterprises have decided to adjust production or stop production and holiday to maintain operation. By the beginning of July, the average operating rate of cluster weaving enterprises is about 50%, and the capacity utilization rate is below 40%. Generally speaking, the oil price has risen steadily, and the cost side has a certain support for the price of polyester staple.

From the perspective of demand, from January to may 2020, China's PET staple fiber exports totaled 285400 tons, a year-on-year decrease of 30.41%, of which the year-on-year decline of 57.11%; at the same time, China's textile and clothing exports totaled 96.16 billion US dollars, a year-on-year decrease of 1.2%, including textile exports of 57.95 billion US dollars, a year-on-year increase of 21.3%, and clothing exports of 38.21 billion US dollars, a year-on-year decrease of 22.8%.

At present, the sales volume of export orders is not as expected, and the domestic market has ushered in the traditional off-season. Under the background of strong supply and weak demand, the supply pressure of polyester staple fiber will gradually increase in the future. The strength of raw material end is still irretrievable, the price continues to weaken, and the market is still insufficient. It is expected that the short-term polyester fiber will still run in a weak position.