Price trend

According to the Commodity Market Analysis System of SunSirs, the domestic polyester staple fiber market fell first and then rose last week, showing an overall weak trend. As of April 11th, the average market price of domestic polyester staple fiber (1.4D * 38mm) was 6,333 RMB/ton, a decrease of 3.92% from the beginning of the week.

Analysis review

The collapse of cost support and the escalation of trade frictions have led to a significant drop in crude oil prices. However, with Trump temporarily suspending tariffs on some countries, market panic has eased and crude oil prices have rebounded from oversold levels. As of April 10th, the settlement price of the main contract for WTI crude oil futures in the United States was 60.07 US dollars per barrel, and the settlement price of the main contract for Brent crude oil futures was 63.33 per barrel. The market sentiment was cautious, and oil prices may fluctuate significantly in the short term.

The domestic load of PX has dropped to around 74%, and multiple units were undergoing load reduction or maintenance. The basic structure of supply and demand was still acceptable. There were still too many follow-up maintenance plans for PTA, and some domestic facilities had maintenance plans from April to June, which has reduced the supply pressure. However, the escalation of US tariff policies may trigger concerns about a global economic slowdown, and PTA has followed the weakening of crude oil. As of April 11th, the average market price in East China was 4338 RMB/ton, a decrease of 8.14% from the beginning of the week.

The downstream market has shown cautious performance, with light market transactions and low enthusiasm for raw material stocking under the collapse of costs. Many essential purchases were made and used as needed. In the terminal weaving industry, especially in terms of foreign trade orders, inquiries have basically stagnated, and the market was in a wait-and-see state in many places. Actual orders were issued sporadically, and there is no significant boost in domestic and foreign trade in the short term. The operating rate of weaving machines in Jiangsu and Zhejiang has slightly declined to below 65%.

Market outlook

SunSirs’ analysts believe that tariff news dominates market sentiment, with insufficient cost support and expectations of weak demand due to trade frictions. Therefore, in the short term, the polyester staple fiber market will mainly adjust weakly.

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