Price trend:

According to the commodity market analysis system of SunSirs, the domestic polyester staple fiber price was fluctuating and consolidating recently. As of November 26, the average market price of polyester staple fiber (1.4D*38mm) was 6,306 RMB/ton, an increase of 0.18% compared with November 13.

Market Analysis

In the crude oil market, OPEC+ announced a new round of production increases, but market concerns about long-term oversupply risks persisted. While regional tensions eased somewhat, weaker US demand and the drag from US tariffs on global economic and demand expectations led to a slight decline in international oil prices. As of November 25th, the settlement price for the January contract of US WTI crude oil futures was $57.95 per barrel, down $0.89 or 1.5%. The settlement price for the February contract of Brent crude oil futures was $61.80 per barrel, down $0.92 or 1.5%.

The domestic PTA market recently was consolidating at high levels, remaining near its highest point in the past two months. As of November 26th, the spot price of PTA in East China was 4,654 RMB/ton, a 0.20% increase compared to November 10th. On the supply side, Yisheng Ningbo's 2.2 million-ton PTA plant shut down on November 20th, and Honggang Petrochemical's 2.5 million-ton plant shut down on November 17th and restarted on November 26th. As of November 26th, the PTA operating rate was around 72%, with many plants undergoing maintenance. With the completion of some short-term maintenance, there is some pressure on supply.

End-user demand began to show signs of cooling, with yarn factories negotiating on a case-by-case basis, offering slight price adjustments and discounts, and adopting a wait-and-see attitude towards the staple fiber market. As of November 26th, the production rhythm of weaving factories in the Jiangsu and Zhejiang regions was still mainly supported by previously received orders, with new orders gradually weakening and increasing pressure, leading to a decrease in the enthusiasm for raw material procurement.

Market Forecast:

According to analysts at SunSirs, recent slight easing in cost prices had weakened support, and domestic demand was gradually waning, so polyester staple fiber prices are expected to be weaker.

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