Spot price: This week (10.17-10.21), the spot market of domestic polyester staple fiber was fluctuating and falling. According to the price monitoring of the business community, the average price of domestic polyester staple fiber was about 7922 yuan/ton on October 21, down 1.61% from Monday and 4.73% from the same period last year.

Futures market: the main force of short fiber futures this week ended lower due to low volatility. On Friday, the main contract of short fiber PF futures closed at 7136, down 3.41% from the closing price last week. The settlement price is 7184 yuan. This week, the main domestic staple fiber upstream raw material PTA futures fell 3.16% to close at 5334, and the main ethylene glycol futures fell 0.86% to close at 4038.

The price of international crude oil futures fell slightly this week due to the impact of the release of strategic crude oil reserves in the United States and the weak expectation of future demand. The main force of American crude oil futures fell by about 2% to close near US $83.9 per barrel (as of 16:00 on the 21st Beijing time). Recently, the load of domestic PTA devices has increased, and there is an expectation that new devices will be put into production in the future. The supply is relatively loose compared with the previous period. The downstream starting load is at a low level compared with previous years. The overall performance is not strong in the peak season. Although the demand for raw materials has improved, the overall demand is still weak, and the cost of PTA is weak. This week, the overall domestic commencement of ethylene glycol increased with the restart load of some units, and the discharge of new units in Shaanxi also put pressure on the supply. The downstream demand is still tepid, and the pressure on ethylene glycol prices has weakened. This week, some early maintenance devices of staple fiber were restarted, and the work started to rise. The downstream orders were limited, and the demand for raw materials was maintained. The staple fiber price fell back. The recent commencement in the downstream has not changed much. The market price of pure polyester yarn and polyester cotton yarn is relatively stable, the overall delivery is average, the sales promotion is mainly for shipment, and the inquiry for non Xinjiang traceability and recycled orders is mainly.

In the future, the short-term support of staple fiber cost is weak, and there is a certain expectation of recovery in the late period of unit load. Although the downstream is in the traditional peak season, the order performance is lower than that of the same period in previous years, and the staple fiber price is in a weak oscillation trend in the short term. Pay attention to the price trend of raw materials and downstream orders.