PTA plummeted, dragging down the price of polyester staple fiber futures

Spot price: according to the price monitoring of business society, the average price of domestic polyester staple fiber spot market on September 8 was 7101 yuan / ton.

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Futures market: on September 8, the futures price of pf2201 contract closed at 6764, down 3.81% from the previous trading day, and the settlement price was 6844 yuan; The trading volume is 300763 hands; The position is 177005 hands, with a basis of 337. Domestic polyester industry chain futures closed mixed today, with PTA down 3.01% and ethylene glycol up 0.44%.

Analysis: on the cost side, crude oil fell slightly in recent days. PTA futures fell sharply in recent days due to the restart of devices. Today, they fell by more than 3%. However, ethylene glycol futures rose due to the high cost of coal prices in recent weeks. On the demand side, the polyester yarn factory just needs to purchase, and the sales of polyester staple fiber is weak. On the supply side, a polyester staple fiber plant in Zhejiang was overhauled and shut down for about one month, involving a production capacity of 100000 tons / year.

Forecast: in the future, the short-term polyester staple fiber price may fluctuate weakly under the condition of weak demand and the continued weakness of crude oil and PTA prices.

http://www.lubonchem.com/

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