According to the Commodity Market Analysis System of Shengyi Society, the domestic polyester staple fiber market weakened slightly this week (April 21-25). As of April 25, the average market price of domestic polyester staple fiber (1.4D * 38mm) was 6294 yuan/ton, a decrease of 0.37% from the beginning of the week.
On April 22nd local time, US President Trump announced at a White House press conference that the high tariffs imposed on goods from China will be significantly reduced. The trade friction caused by tariff issues has eased, and market sentiment has improved, providing some support for oil prices. As of April 24th, the settlement price of the main contract for WTI crude oil futures in the United States was $62.79 per barrel, and the settlement price of the main contract for Brent crude oil futures was $66.55 per barrel.
Under the boost of the crude oil market, the average market price in East China as of April 25th was 4493 yuan/ton, up 3.78% from the beginning of the week. Recently, PTA plant restarts and maintenance coexist.
Under the influence of tariffs, the market fluctuates greatly, and downstream yarn factories are cautious in purchasing goods, mainly focusing on digesting inventory. The production of weaving machines in Jiangsu and Zhejiang provinces continues to decline by around 60%, and the export of terminal textiles and services is hindered due to the disturbance of tariff policies, which has a negative feedback impact on the upstream. The downstream production rate is likely to decline during the May Day holiday, and demand will further decrease.
Business analysts believe that the cost side support is still acceptable, and there is an expectation of reduced PTA supply. There will still be equipment maintenance next week. However, the terminal performance is weak, and downstream purchases are mainly based on demand. Under the unstable external factors, the market lacks drivers and tends to adopt a wait-and-see attitude. It is expected that the short-term prices of polyester staple fibers will experience a slight consolidation.
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