Since late July, international crude oil has continued to rise, with Brent rising to over $85 per barrel. The peak fuel consumption in the United States during the summer and the positive economic outlook in Asia have both boosted the cost side trend of polyester. Polyester industrial yarn has finally borne the heavy burden of processing costs. At the end of July, the market transaction center increased by 400 yuan/ton to 8900 yuan/ton. On July 31, the daily increase reached 3.53%, marking the largest daily increase or decrease this year.

From the comparison of the rise and fall in prices of polyester industrial silk related raw materials in early July and early August 2023, the closer the product is to the source crude oil end, the greater the increase. The main raw materials for polyester industrial silk slicing and spinning, including glossy slicing and polyester industrial silk, have the smallest increase, ranging from 3.4% to 3.5%. Mainly dragged down by terminal demand, the downstream demand for industrial textiles at home and abroad is currently in the off-season of the industry, with a shortage of orders, low processing costs, poor industry enthusiasm for starting operations, and rigid procurement, resulting in a smaller price increase for products closer to the end of the industry chain.

Since the tight supply of PX and PTA at the cost end in March, which led to a wave of market trends, the supply of polyester industrial yarn in the industry has increased, and market prices have stagnated and fluctuated weakly. However, July to August is the traditional off-season for polyester industrial yarn industry demand. Currently, downstream production is moderately reduced, and there is a shift from stocking for more than a month, two months, or even six months, to rigid procurement, resulting in sluggish market demand, At this time, driven by the continuous growth of international crude oil and PX in the raw material end, polyester industrial yarn went against the usual trend at the end of July, and the price "walked out" of the adversity and embarked on an upward path. The main reason was still that the processing cost was severely squeezed to 1625 yuan/ton.

As of August 1st, the profit of polyester industrial yarn slicing spinning was 525 yuan/ton, an increase of 12.5% compared to the beginning of July; The profit of direct spinning was 137.74 yuan/ton, a decrease of 210.9% compared to the beginning of July. The current increase in the market price of polyester industrial yarn has led to a mixed situation of rising and falling processing fees in different production process industries compared to the beginning of July. This means that the price recovery has slightly improved from a profit perspective, but the demand expectation for August is weaker than that of July. Within a few days, the market transaction center will increase from 8500 yuan/ton to 8900 yuan/ton, with a significant increase. However, it is difficult for terminal market prices to rise, It is expected that by mid August, after most of the procurement cycles in the market, there will still be some low-priced sources emerging, but under the pressure of processing fees, the overall market transaction may increase compared to 8500 yuan/ton, and the period will be mainly stagnant and fluctuating.

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