According to the Commodity Market Analysis System of Business Society, the domestic polyester staple fiber market maintained a slight decline this week (November 13-17). As of November 17, the average price of 1.4D * 38mm in mainstream factories in Jiangsu and Zhejiang was 7592 yuan/ton, a decrease of 0.26% compared to the beginning of the week.

The obvious negative sentiment of the US crude oil inventory accumulation continues to ferment, coupled with market concerns about the economic and energy demand prospects, causing international crude oil prices to fluctuate and decline. As of November 16th, the settlement price of the main contract for WTI crude oil futures in the United States was $72.90 per barrel, while the settlement price of the main contract for Brent crude oil futures was $77.42 per barrel. However, the PTA market is favored by domestic and foreign macro atmosphere, and related commodities such as PX and ethylene glycol have seen significant increases, leading to a rebound in PTA prices. Superimposed by strong sea winds, ports in Beilun, Zhenhai, and other areas in Zhejiang Province have been closed due to strong winds, which may affect some logistics transportation. PTA prices have increased by 2.68% this week.

Downstream yarn factories are operating steadily, and overall sales are weak. Inventory pressure increases, inventory accumulation speed is faster, and there is a strong wait-and-see attitude towards polyester staple fibers. The purchasing intention decreases, and on-demand procurement is the main focus. In terms of price, some specifications have experienced a decline in prices, with the average price of pure polyester yarn in the Shandong region at 12650 yuan/ton, a decrease of 0.20% compared to the beginning of the week. The current textile industry has entered a seasonal off-season, with some end product inventory being high and terminal textile orders scarce. It is expected that inventory will increase to a certain extent, and it is inevitable to reduce production or promote sales.

Analysts from Business Society believe that driven by the strength of PTA, the atmosphere of the polyester staple fiber market has improved, and factories have an intention to increase prices. However, due to the weak demand side, the increase is weak. At the same time, a set of polyester short fiber maintenance device increased the load during the week, resulting in an increase in supply. Under the weak supply and demand situation, the price of polyester short fiber is still mainly weak in operation.