Demand Fell, Polyester Staple Fiber Fell Slightly

According to the price monitoring of the business agency, the domestic spot price of polyester staple fiber decreased slightly this week. As of November 20, the average price of domestic polyester staple fiber spot market was 5738 yuan / ton, down 0.34% compared with November 14, and 17.05% lower than that on November 14. In the futures market, on November 20, the staple short fiber Futures (2105) closed up at 6006, up 50% or 0.84% from last Friday. Crude oil and PTA rebound driven futures rebound, downstream demand fell, spot trend weak.

1. PTA: domestic PTA spot market rebounded slightly this week. The average price of PTA was 3295.36% on Friday, up from the domestic spot market. Crude oil prices rose on news that OPEC may postpone the current production reduction to the first quarter of next year. PTA prices rose in a narrow range driven by the rise of crude oil.

2. Ethylene glycol: the domestic ethylene glycol spot market dropped slightly this week. At the end of this week, the average ex factory price of oil to ethylene glycol in North China was 3634 yuan / ton, down 1.77% and 23.1% compared with last Friday. Supply rebounded due to the addition of domestic units and the restart of maintenance units. At the same time, the production and sales of chemical fiber gradually fell into the lower reaches of the market. Ethylene glycol in the experience of a month after the decline of the stock again, the price drop is expected to strengthen.

3. Polyester yarn: the domestic polyester yarn market is running smoothly this week. At the end of this week, the average price of 32S polyester yarn spot market in Jiangsu, Zhejiang and Shanghai was about 13375 yuan / ton, which was the same as last week, with a year-on-year decrease of 7.03%. The yarn Market in Hangzhou, Suzhou and Jiaxing is generally good. Some enterprises lowered their prices and their profit margins were low. The downstream weaving Market is ready for the new year, but the demand is insufficient in the later stage, and polyester yarn is in a weak position.

Business analysts believe that the downstream spinning and weaving Market in the end of the "double 11" market and the aggravation of the overseas epidemic situation, domestic and foreign orders have decreased, polyester staple fiber spot market is difficult to have a good market in the short term, and the future market may continue to decline in a weak way. It is expected that before the Spring Festival, the polyester industry chain as a whole will remain weak. However, the current crude oil, PTA positive news rebound, short fiber futures short-term or strong oscillation trend.