According to the price monitoring of the business agency, this week (12.4-12.11) the domestic polyester staple fiber spot price trend was stable. As of December 11, the domestic polyester staple fiber spot market average price was 5728 yuan/ton, which was the same as last Friday's price, year-on-year A decrease of 17.44%. A few manufacturers have slightly increased their quotations. In the futures market, the main staple fiber futures (2105) on December 11 closed up and closed at 6228, an increase of 136 or 2.3% from the close of 6092 last Friday. Crude oil fluctuated higher and PTA fluctuated and rebounded and led to a rebound in polyester staple fiber futures. The rebound in raw materials and futures led to a rebound in spot production and sales. However, the spot polyester staple fiber was unable to continue to strengthen due to demand constraints.

2. Factors affecting prices

1. PTA: The domestic PTA spot market rebounded slightly this week. The average domestic PTA spot market price this weekend was 3498 yuan/ton, up 2.07% from last Friday and down 28.26% year-on-year. Crude oil-producing countries have announced production cuts, the positive new crown vaccine and the news of bomb attacks on oil wells in Kirkuk Province of Iraq have affected prices. Increased support for rising crude oil costs has helped PTA prices rebound.

2. Ethylene glycol: The domestic ethylene glycol spot market rose this week. The average ex-factory price of oil-based ethylene glycol in North China this weekend was 3,883 yuan/ton, up 1.76% from last Friday and down 22.85% year-on-year. Fude Energy's installation plans to overhaul, the inventory in the main ports of East China has declined, crude oil has risen and costs have risen, and the price of ethylene glycol has rebounded. However, the downstream chemical fiber weaving market has gradually entered the off-season, production and sales have fallen, ethylene glycol may reappear in stocks, and downward pressure on the market will increase.

3. Polyester yarn: The domestic polyester yarn market operated smoothly this week. This weekend, the average spot market price of 32S polyester yarn in Jiangsu, Zhejiang and Shanghai was around 13,375 yuan/ton, which was the same as last week and fell by 7.25% year-on-year. The downstream market stocks up for the New Year, but the shopping festival orders are gradually completed, the follow-up orders are weak, the start of the loom has declined, the polyester yarn market is stable and weak, the vortex spinning quotation is stable, and the spot sales without orders have gradually weakened, and the inventory of polyester yarn enterprises has increased. .

3. Market outlook forecast

Business analysts believe that the recent shocks and increases in crude oil are good for market production and sales, and strong upstream raw material prices have provided strong support to costs. However, the "Double Eleven" and "Double Twelve" orders in the downstream market entered the traditional off-season after the gradual delivery. The new orders were not good, the polyester yarn mill inventory was high, and the weaving operation rate declined. After the hot spot production and sales of staple fiber, the inventory level has risen, the enthusiasm for short-term follow-up purchases may weaken, and the wait-and-see sentiment has increased. It is expected that the short fiber spot market will enter the stage of accumulation in the market outlook. If the spot price is not driven by futures, it may fall. However, the current crude oil trend is relatively strong, and short-term staple fiber futures may continue to fluctuate strongly in the short term.