In September, the domestic polyester staple fiber prices showed a small upward trend. According to the price test of the business community, the average price of domestic polyester staple fiber spot market on September 30 was 7926 yuan/ton, 2.81%% higher than the price of 7710 at the beginning of the month, 7.94% higher than the same period last year. In the futures market, the staple fiber contract at the end of the month closed at 7152 (settlement price 7148), down 4.23% from the beginning of the month.
| Chitosan oligosaccharide |
Industrial chain: In September, the Federal Reserve raised interest rates by 75 basis points and repeated outbreaks, which depressed the demand for crude oil and lowered the international crude oil price. By the end of the month, the settlement price of the main contract of US WTI crude oil futures had been 82.15 dollars/barrel, down 8.26% for the whole month. In September, the maintenance and restart of domestic PTA plants coexisted, and the output increased slightly. However, it is still in a tight balance, the pattern of social inventory reduction continues, and the current supply of goods in the spot market is still tight. In September, the domestic PTA spot market rose first and then fell. In September, the overall domestic ethylene glycol started operation at a relatively low rate, and the capacity utilization rate was about 50%. The price of ethylene glycol was low in the early stage, which brought about a slight improvement in the price after the supply contraction this month. However, some devices are planned to restart in the near future, and the supply is expected to recover at a low level. In September, the domestic pure polyester yarn and polyester cotton yarn market continued to be light, and the market price was basically stable. Downstream orders lacked the downward impact of superimposed costs, and prices fell slightly near the end of the month.
| Gamma-PGA (gamma polyglutamic acid) |
Supply and demand: In September, the short fiber unit was overhauled more frequently, and the supply decreased. The downstream has also entered the traditional peak season of the year. The starting load of the yarn mill and textile mill has increased, and the demand has improved month on month. Affected by typhoon weather and epidemic prevention and control this month, the logistics transportation was blocked in the short term, and the supply of goods available for spot circulation was tight. The spot price of staple fiber rose slightly throughout the month, with a trend significantly stronger than that of futures.
Analysts from the business community believe that the recent rise in geopolitical tensions, coupled with hurricane weather, has led to a temporary reduction in crude oil supply in the US Gulf, boosting the rebound in oil prices, and strengthening the cost end support of polyester staple fiber. In October, the textile terminals may gradually turn to the peak season, the operating rate is expected to rise, and the demand may improve. With the restart of the unit after maintenance and the implementation of new capacity, the supply pressure of staple fiber may increase in October. It is expected that polyester staple fiber will show a strong trend of shock in October. Pay attention to changes in crude oil prices, plant restart and downstream orders.
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