According to the Commodity Market Analysis System of Shengyi Society, the price of polyester staple fiber first rose and then fell in June. As of June 29th, the average market price of domestic polyester staple fiber (1.4D * 38mm) was 6736 yuan/ton, an increase of 3.45% from the beginning of the month.

The crude oil market has experienced significant fluctuations in oil prices due to the situation in the Middle East. The current geopolitical situation has significantly eased, and market concerns have been alleviated. Therefore, support for oil prices has weakened, but there are still many uncertainties. As of June 26th, the settlement price of international crude oil futures for WTI crude oil futures in the United States in August was $65.24 per barrel, and the settlement price of Brent crude oil futures in August was $67.73 per barrel.
The domestic PTA spot market in June showed an overall upward trend with fluctuations. As of June 29th, the average price of PTA in the East China region was 5084 yuan/ton, an increase of 2.4% from the beginning of the month. At the beginning of the month, PTA maintenance units were successively restarted, and the supply continued to increase. However, crude oil remained strong, and PTA slightly fell. In the middle of the month, crude oil prices rose significantly, boosting PTA prices. In the latter half of the year, crude oil experienced a sharp decline, and the PTA market followed suit. The current PTA industry operating rate is around 78%, and there are plans to restart in the future, which will increase supply.
The downstream yarn market remains sluggish, with some factories experiencing a trend of reduced order volume, insufficient order follow-up, and poor profits. Due to the recent fluctuations in raw material prices, we are relatively cautious in purchasing raw materials and maintain a focus on essential needs. The terminal textile industry has entered the off-season of consumption, and the domestic demand for knitted varieties is mainly supported by autumn cotton varieties. At present, the delivery and shipment of conventional fabrics in summer are the main focus, mostly receiving multiple orders in the early stage. The tariff policy has not yet been finalized, and the cautious attitude towards the future market remains unchanged.
Business analysts believe that some short fiber factories plan to reduce production and undergo maintenance after July, and it is expected that industry supply will significantly decline. The market is still concerned about the fragility of the geopolitical situation, insufficient cost support, and weak demand in the traditional consumption off-season. Therefore, the polyester staple fiber market will mainly operate weakly in July.