According to the Commodity Market Analysis System of the Business Society, the domestic polyester staple fiber market prices rose first and then fell in September. After reaching a new high for the year in mid September, they slightly declined, but overall they still showed a high adjustment. As of September 28th, the average price quoted by the 1.4D * 38mm polyester staple fiber factory was 7912 yuan/ton, an increase of 2.26% compared to the beginning of the month.

The price of raw material PTA rose first and then fell. As of September 28th, the average spot market price of PTA in East China was 6213 yuan/ton, an increase of 0.22% compared to the beginning of the month. In the first half of the month, the cost side support was strong, with the price of auxiliary acetic acid rising sharply, coupled with an unexpected decrease in PTA equipment burden, and the market supply stage tightening. In addition, with the arrival of the peak season of demand for the “Golden Nine Silver Ten” and the rebound in terminal loom startup rate, PTA prices continue to strengthen under the combination of positive factors. But in the middle of the year, with the weakening of crude oil and demand, and the restart of its own equipment, PTA prices fluctuated slightly and fell back.

The downstream textile industry is still in the peak consumption season, with a mild market and a slight increase in prices for polyester yarn factories. As of September 28th, the average market price for pure polyester yarn in Shandong was 12925 yuan/ton, an increase of 0.58% compared to the beginning of the month. The decline in textile and clothing exports narrowed in August. In August, textile and clothing exports reached 27.86 billion US dollars, a decrease of 10.2%, and a month on month increase of 2.8%. Among them, textile exports reached 11.69 billion US dollars, a decrease of 6.3%, and a month on month increase of 4.8%. Clothing exports reached 16.17 billion US dollars, a decrease of 12.7%, and a month on month increase of 1.3%. At present, downstream textile companies generally indicate that although there has been an improvement in small batch sales, there are still not many major aspects, and with the weakening of polyester staple fiber prices, the industry has a strong wait-and-see sentiment.

Analysts from Business Society believe that crude oil supply is still tight and support is still acceptable. However, there is a production plan for PTA’s new production capacity, with expectations of increased supply and rising inventory. And the downstream demand peak season is gradually coming to an end, and the demand side will also narrow. Overall, it is expected that the prices of polyester staple fibers will fluctuate slightly in October.