Spot price: spot price of domestic polyester staple fiber rose slightly this week (12.19-12.23). According to the price monitoring of the business community, the average price of domestic polyester staple fiber was about 7262 yuan/ton on December 23, up 1.82% from Monday and 3.10% from the same period last year.

Futures market: the main force of short fiber futures this week was a narrow shock. The main contract of short fiber PF futures closed at 7066 on Friday, 1.56% lower than the closing price last week. The settlement price is 7124 yuan. This week, the main force of PTA futures of domestic staple fiber upstream raw materials rose 1.01% to close at 5406, while the main force of ethylene glycol futures fell 1.57% to close at 4016.

This week, the main force of US oil futures rose 6.44% to close at US $79.45 per barrel. The risk of economic recession is still there, and the market is worried about the Federal Reserve’s continued interest rate increase. However, the impact of the US winter storm and the plan to replenish reserves on the decline of crude oil stocks has made the international crude oil price stronger.

PTA spot price rose 2.86% from the beginning of the week, up 15.41% year on year. The rise in crude oil price has strengthened the support for PTA costs, and PTA large plants have reduced production and increased production under low processing costs. The maintenance time of some plant units was extended, and the shutdown continued in January. In terms of PTA new capacity, a set of 2.5 million ton PTA new plant of Shandong Weilian Chemical has been discharged, and it is expected to open one of the lines in the early stage; The 2.5 million tons of Jiatong Energy is currently in trial run.

This week, some large staple fiber plants continued to reduce production, and the supply decreased slightly. Terminal demand has improved marginally in the near future. However, affected by the Spring Festival holiday and the epidemic situation, the downstream yarn mills and weaving mills of staple fibers have started to decline. They are not very enthusiastic about purchasing polyester staple fibers. The purchase is mainly just in demand, the production and marketing of staple fibers are generally weak, and the spot price is mainly discussed. The price has risen slightly due to the strong support of costs.

In the future, the cost end support of staple fiber raw materials still exists. The downstream terminal market has entered the Spring Festival holiday state, with the boot rate further reduced, and the demand for staple fiber may gradually decline. Short term staple fiber prices or follow the trend of strong shocks. Pay attention to the price trend of raw materials, the national epidemic situation and the industrial chain holidays.