SunSirs: Cost Support is Weak, Polyester Staple Fiber Futures Fluctuates Slightly
September 10 2021 08:19:28 SunSirs (Linda)
Spot price: The average domestic spot market price of polyester staple fiber on September 9 was 7,101 yuan/ton.
Futures market: On September 9, the PF2201 contract futures price closed at 6776, down 0.99% from the settlement price of the previous trading day, and the settlement price was 6,788 yuan; the trading volume was 165,380 lots; the open positions were 176,138 lots, with a basis of 325. The domestic polyester industry chain futures closed slightly down today. The main PTA fell 0.33% and the main ethylene glycol fell 0.44%.
Analysis: On the cost side, crude oil has fluctuated within a narrow range in recent days, PTA futures have continued to fluctuate and fall due to the restart of the device in recent days, and ethylene glycol futures have fluctuated at high costs due to rising coal prices in the past week. On the demand side, polyester yarn factories just need to purchase mainly, while sales of polyester staple fiber are weak. On the supply side, a polyester staple fiber plant in Zhejiang was shut down for maintenance for about one month, involving a production capacity of 100,000 tons/year.
Forecast: Looking at the market outlook, short-term polyester staple fiber prices may fluctuate weakly due to weak demand and continued weakness in crude oil and PTA prices.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.
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