According to the Commodity Market Analysis System of Shengyi Society, the domestic polyester staple fiber market has stopped its downward trend and stabilized since early April. As of April 21, the average market price of domestic polyester staple fiber (1.4D * 38mm) was 6317 yuan/ton, an increase of 0.71% from April 9.
The raw material market is intertwined with bullish and bearish factors in crude oil. Based on the subsequent impact of current US tariff policies, crude oil may enter a new cycle in the long run. The supply-demand balance will be disrupted, and in the process of rebalancing, crude oil prices will fluctuate and adjust in the short term. As of April 18th, the settlement price of the main contract for WTI crude oil futures in the United States was $63.98 per barrel, and the settlement price of the main contract for Brent crude oil futures was $67.26 per barrel.
During the maintenance of PX facilities both domestically and internationally, the domestic PX load has decreased to 73%. In the maintenance of Yangzi, Jiujiang, and Zhejiang Petrochemicals, Hainan Refinery and Pengzhou Petrochemicals have reduced their load and improved their supply. However, under the tariff war, costs and demand are greatly affected, and the overall situation is relatively weak. PTA is undergoing planned maintenance, and the industry’s operating rate is currently around 75%. In terms of prices, the downward trend has slowed down significantly. As of April 21, the average price in East China was 4330 yuan/ton, a decrease of 0.19% from April 11.
Downstream performance is weak, demand uncertainty is high under the tariff war, inventory pressure is high, and cash flow surges and falls. The shipping pace of yarn factories is average, and some enterprises’ inventory levels continue to rise, so the expectations for pre holiday stocking are not optimistic. There is currently no sign of improvement in the terminal weaving market, with insufficient follow-up on new orders and a strong wait-and-see atmosphere. The probability of Jiangsu and Zhejiang weaving remains around 63%.
Business analysts believe that the short-term cost support range is mainly fluctuating, and the tariff policy continues to suppress the export of terminal textiles. The demand mentality is pessimistic, and there are concerns about the decline in the operating rate of terminal weaving machines and the lack of clear direction guidance for polyester short fibers. In the short term, it may maintain a wide range of fluctuations.
| http://www.thiourea.net |