According to the Commodity Market Analysis System of Business Society, the domestic polyester staple fiber market showed a slight increase this week (August 21-25). As of August 25th, the average factory price for 1.4D * 38mm polyester short staple was 7660 yuan/ton, an increase of 0.39% compared to the beginning of the week. At the beginning of the week, crude oil prices rebounded from low levels, PX supply narrowed, and domestic macro policy expectations were positive for the commodity atmosphere. PTA staged a low price rebound, and cost side support strengthened.

Among them, the domestic PTA market fluctuated slightly and rose slightly. As of August 25th, the average market price in East China was 6081 yuan/ton, an increase of 1.03% compared to the beginning of the week. Although the average monthly processing cost of PTA in August fell to the lowest point in nearly a decade, unplanned PTA device maintenance is also limited, and the current industry operating rate is above 80%. In addition, PTA's main suppliers sell distant sources of goods, with relatively sufficient spot supply in the market, and traders lack enthusiasm for holding goods.

The current market situation in the downstream yarn market is mostly low, and the mentality is still insufficient. The demand side has not significantly improved yet. The terminal textile market is currently in a transitional period from off-season to peak season, with a significant increase in inquiries and shipments, and an improvement in export orders. The market purchase and sales will enter a preheating stage, and although orders have improved compared to the previous period, they are still average compared to previous years.

Analysts from Business Society believe that in recent days, crude oil has weakened due to fluctuations. With the implementation of the device restart plan in the PX market, the domestic PX supply capacity has increased. In addition, the PTA device was scheduled for maintenance in early September, and the contradiction between PX supply and demand still exists, which to some extent suppressed the upward trend of cost. In addition, the terminal consumes the raw materials already prepared in the early stage and is not in a hurry to purchase. The cautious wait-and-see sentiment is strong, and it is expected that there will be significant upward pressure on the price of polyester staple fibers in the short term.

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