1、 Price trend

According to the price monitoring of business agency, the spot price of domestic polyester staple fiber rebounded at the end of June, and the average price of domestic polyester staple fiber spot market was 7081 yuan / ton as of June 30, up 1.87% compared with the price of 6951 at the beginning of June, up 6.78% year on year. The quotation of mainstream manufacturers generally increased by 100-150 yuan / ton.

Futures market, short fiber main futures (2109) closed at 7194 early on June 30, up 222, or 3.18% from the closing of 6972 in May. In June, the international oil price rose almost unilaterally, and by the end of June, New York crude oil futures rose 9.61%, while PTA, the staple fiber raw material, followed by the rising crude oil price, rose 6.87%, but the staple of short fiber ethylene glycol futures fell 1.58% this month.

Although June is the traditional off-season of polyester staple fiber, with the rising of raw material cost, the continuous increase of repair of short fiber unit in June led to the decline of capacity. In addition, the epidemic affected the return of Southeast Asian orders, domestic polyester staple fiber production and marketing was better than expected, and spot price rose at the end of June.

2、 Factors affecting prices

1. PTA: the domestic PTA spot market price rose along with the crude oil price in June. As of June 30, the average price of the spot market was 5101 yuan / ton, up 8.65% from the beginning of the month, up 43.53% year on year. In June, the price center of crude oil moved up continuously, which led to the rising of downstream commodity prices, and the PTA cost support was enhanced. The lower polyester weaving market started in June was affected by order backflow than expected. In June, PTA plant maintenance was more, and expected in summer, there were still more equipment maintenance. PTA Market in short term presents a trend of inventory removal.

2. glycol: domestic glycol spot market price rose at the bottom in June, and the price at the end of the month was almost the same as that at the beginning of the month. As of June 30, the average spot market price was 5016 yuan / ton, up 0.52% compared with the beginning of the month, up 36.19% year on year. Although the crude oil shock this month is strong, the trend of ethylene price and coal price is weak. In this month, the storage of glycol port increased a little, the operation of domestic units changed greatly this month, the unit was overhauled and restarted, and the new unit was put into operation.

3. polyester yarn: in June, the domestic polyester yarn market was in a narrow range of shocks, and the price remained stable. As of June 30, the average market price of polyester yarn was 14100 yuan / ton, which was the same as that at the beginning of June, up 7.96% year on year. With the coming of summer, the textile market ushered in the traditional off-season. At present, the overseas situation is not clear, the return order is difficult to continue, and the release of domestic demand is slightly insufficient. In late June, the spot trade of fabrics increased month on month, while the bulk test sheets of fabrics in early winter increased in part, and the overall market transaction will show a small upward trend.

3、 Future forecast

Analysts at business agency said international oil prices rose in June, followed by PTA and glycol upstream. The repair of short fiber equipment and the partial return of orders in Southeast Asia affected by the epidemic situation in the downstream, and the domestic short fiber production and sales and price rose. In the future market, summer is still the traditional off-season of the industrial chain, and the return order in Southeast Asia is unstable. If the crude oil is still strong and the equipment maintenance is balanced, the short-term polyester staple fiber may be in a strong oscillation trend.