Spot price: according to the price monitoring of the business community, on March 16, the quotation of domestic staple fiber was 7690 yuan, down more than 2% from last week.

Futures market: on March 16, the futures price of the pf2105 contract closed at 7162, down 4.48% from the previous trading day. During the day, it dropped to 7136, a new low in one month. Domestic polyester industry chain futures closed down one after another, with PTA in the upstream industry chain down more than 2%, ethylene glycol and cotton down more than 1%.

Analysis and Forecast: the international oil price fluctuates and falls, while the upstream PTA and ethylene glycol keep falling. After the festival, due to the early start of downstream market, demand is hot, domestic staple fiber production and sales and prices are rising. At present, the stock of raw materials is high, the price and production and sales are insufficient, the desire to replenish is weak, the wait-and-see mood is strong, the domestic trade transactions are rare, the trade middlemen are affected by the market, arbitrage selling, and the price of polyester staple fiber is falling continuously. In the future, the accumulation pressure of short-term polyester staple fiber is still in, or still weak shock. However, in the medium term, with the advent of a new round of downstream procurement cycle, polyester staple fiber may rebound in the end of March and early April.