Price trend

According to the commodity market analysis system of SunSirs, the domestic polyester staple fiber market has ushered in a good start. As of February 24, the average price of domestic polyester staple fiber (1.4D*38mm) was 6,668 RMB/ton, an increase of 1.39% compared with the previous trading day.

Market Analysis

Crude oil prices performed strongly during the Spring Festival holiday, providing positive support for the cost side. Market concerns about the uncertainty of US-Iran relations, coupled with the lack of substantial progress in the Russia-Ukraine peace talks, led to a rise in international oil prices during the holiday. On February 19, WTI and Brent crude oil futures closed up 4.59% and 4.35% respectively; on February 20, both oils touched $67.03 and $71.66 per barrel respectively, reaching near six-month highs, with a cumulative increase of over 5% in two days.

The PTA market followed suit, with spot PTA prices in East China reaching 5,324 RMB/ton on February 24, a 2.76% increase from the previous trading day. During the holiday, Yisheng New Materials' 3.6 million-ton PTA plant was temporarily shut down on February 24 due to unforeseen circumstances and was temporarily resuming operations. The industry's capacity utilization rate was around 70%, temporarily slowing the accumulation of PTA inventory. In 2026, there are currently no plans to commission new PTA plants in China, marking a "window of opportunity" for capacity expansion in the industry. Meanwhile, downstream polyester expansion continues, and a tighter supply-demand situation is expected.

The end-user market remains in holiday mode, with the operating rates of texturing, weaving, and dyeing industries dropping sharply to 10-20% before the holiday. With the Spring Festival holiday over, strong expectations for the peak sales season of March and April remain. In early March, domestic textile and apparel companies are expected to resume production in large numbers, and end-user orders are expected to gradually recover, leading to a steady increase in the operating rate of yarn factories and thus boosting the demand for polyester staple fiber.

Market Outlook

Analysts at SunSirs believe that crude oil prices continued to strengthen during the holiday, and in the short term, oil prices will remain dominated by supply disruptions and geopolitical risks. Given that supply disruptions have not fully subsided, geopolitical risks continue to escalate, and there are strong expectations that OPEC will suspend production increases, oil prices are likely to fluctuate widely. As end-user companies gradually resume production and operations, and operating rates recover, there is some demand for raw material restocking, and polyester staple fiber prices are expected to remain stronger in the short term.

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