According to the Commodity Market Analysis System of Shengyi Society, the domestic polyester staple fiber market continued to weaken today (July 24th), with an average price of 7851 yuan/ton for 1.4D * 38mm, a decrease of 0.84% from the previous trading day. The sustained decline in cost has weakened the support for polyester staple fibers, and today mainstream production factories have generally lowered prices by 100 yuan/ton. Downstream buyers’ willingness to purchase at low prices has increased, and the transaction atmosphere has slightly improved.
| Gamma-PGA (gamma polyglutamic acid) |
The price of raw material PTA fluctuated downward, and as of July 24th, the average price of PTA in the East China region was 5878 yuan/ton, a decrease of 2.64% from the beginning of the month. Recently, there have been many restarts of PTA facilities, leading to increased expectations of loose supply. Two sets of PTA plants with a total capacity of 6 million tons in Yisheng Dalian were restarted after a short shutdown. At present, the operating load of domestic industries is around 86%. In the short term, the number of PTA planned maintenance units is limited, and the supply of goods is abundant. It is expected that PTA prices will continue to show a weak trend.
Rumors have it that mainstream polyester staple fiber manufacturers plan to reduce production by 10% by the end of this month, with expectations of supply contraction supporting market sentiment. However, downstream yarn mills are skeptical about reducing production and have a strong wait-and-see attitude. Under the pressure of accumulating inventory, they are cautious about purchasing raw materials for essential needs.
Business analysts believe that with the gradual implementation of the polyester factory production reduction plan, the demand for PTA will decrease, and PTA will remain weak. Due to the accumulation of downstream finished product inventory on the demand side and tight cash flow, the enthusiasm for purchasing raw materials is not high. Although there have been reports of production cuts in short fiber factories, it is expected that prices will continue to decline in the short term due to weak costs and demand.
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