Spot price: according to the price monitoring of business society, the quotation of domestic staple fiber on April 29 was 6893 yuan, down 1.43% from last week.

Futures market: on April 29, the futures price of pf2107 contract closed at 7238, up 2.81% from the previous trading day, and the settlement price was 7164 yuan; The turnover was 218462; Position for 95461 hands, basis – 345. Domestic polyester industry chain futures closed higher today, with PTA up 1.20% and ethylene glycol up 1.10%.

Analysis: the international oil price rises in shock, polyester chain PTA has a big rebound in the past week, staple fiber has a small rebound, and ethylene glycol has a stable trend. After PTA fell last week, it rebounded strongly this week due to the reduction of overhaul supply of large factories. Ethylene glycol recovered this week after a weak decline last week. After the price of staple fiber fell sharply in March, downstream mills and trade middlemen actively filled their positions at a low level. Coupled with the sharp rise of crude oil in early April, staple fiber rebounded slightly in early April. However, there is still no obvious improvement in downstream orders, with strong wait-and-see sentiment and weak buying. Short fiber futures rebounded today, spot stability.

Forecast: in the future, the international oil price will fluctuate upward, there will be demand for replenishment in the downstream before the festival, and the short-term polyester staple fiber will rebound. In the medium term, the textile industry is affected by the expected return of Indian orders, and polyester staple fiber may stabilize and rebound when crude oil is stable, but it is also limited by the coming of the traditional off-season of the textile industry.