According to the Commodity Market Analysis System of Shengyi Society, the domestic price of polyester staple fiber maintained a slight downward trend in October. As of October 17th, the average market price of domestic polyester staple fiber (1.4D * 38mm) was 6290 yuan/ton, a decrease of 1.96% from the beginning of the month.
The price trend of the crude oil market has declined. As of the 16th, the settlement price of the December WTI crude oil futures contract in the United States was $56.99 per barrel, and the settlement price of the December Brent crude oil futures contract was $61.06 per barrel. The crude oil market is affected by negative factors. On the one hand, OPEC+has launched a new round of production increase of 1.65 million barrels per day, but the market is still concerned about the long-term risk of oversupply, and the crude oil market continues to decline; On the other hand, the easing of the situation between Israel and Palestine, coupled with weakened demand from the United States, has dragged down global economic and demand expectations due to US tariffs. In addition, the increase in US crude oil inventories has led to the end of the peak oil season in the United States, and the global economic outlook and oil demand are not optimistic, resulting in a rapid decline in international oil prices.
Due to insufficient cost support, the production of new facilities, and weak demand, coupled with negative factors, PTA prices have continued to decline since October. As of October 17th, the spot price of PTA in East China was 4381 yuan/ton, a decrease of 4.65% from the beginning of the month. The maintenance and restart of the equipment coexist, and the new equipment continues to increase its load. The overall operating rate of the industry is currently around 75%.
On the demand side, there is insufficient cost support momentum, and yarn factories are mainly cautious and cautious. As the e-commerce shopping festival approaches, the consumer atmosphere in the terminal clothing and home textile industry is gradually becoming stronger. However, weaving enterprises still have limited new and supplementary orders, and their performance is lukewarm. The comprehensive operating rate of chemical fiber weaving in Jiangsu and Zhejiang regions is around 64%.
Business analysts believe that there are still many uncertain factors such as tariffs, and the sentiment in the commodity market is suppressed. The loose supply and poor demand in the crude oil market have put pressure on the oil market, and the PTA price center continues to decline. In addition, the downstream lacks confidence in the market and has average purchasing enthusiasm, maintaining essential procurement. Therefore, the polyester staple fiber market lacks favorable drivers, and prices will continue to decline.