Spot price: this week (6.20-6.24), the spot price of domestic polyester staple fiber showed a unilateral downward trend. According to the price monitoring of the business agency, on June 24, the average price of domestic polyester staple fiber was about 8993 yuan / ton, down 2.44% from the beginning of the week and up 29.06% from the same period last year.

Futures market: this week, the main short fiber futures showed a unilateral sharp decline trend. On Friday, the main contract of short fiber pf futures closed at 7868, down 8.55% from the closing price of last week. The settlement price is 8048 yuan; The position was 122613, the position decreased by 11707, and the basis difference was 1125. This week, the main domestic staple fiber upstream raw material PTA futures fell by 8.19% to close at 6408, and the main ethylene glycol futures fell by 14.04% to close at 4457.

Influencing factors: 1 This week, the international crude oil price showed a trend of shock and slight decline. OPCE may stick to the accelerated production increase plan. The interest rate increase market of major central banks is worried about the slowdown of economic growth and the reduction of energy demand. The data show that the US crude oil inventory increased last week and the international oil price extended its decline. This week, US oil fell more than 3% to close near us $105 per barrel. 2. PTA supply was relatively loose this week, the maintenance of downstream polyester unit was concentrated, the demand for load decline was weakened, and the upstream PX and crude oil were both lower. 3. although the ethylene glycol supply contracted this week, the downstream demand was sluggish, and the port inventory continued to accumulate, reaching a new high in the year. Lower upstream crude oil and coal prices were also dragged down. 4. this week, the pure polyester yarn and polyester cotton yarn market fell in a narrow range, the demand was weak, the inventory remained high, mainly through preferential negotiation. 5. the trend of polyester staple fiber was weak this week. The prices of raw materials ethylene glycol and PTA have fallen sharply, and the cost support has weakened. With the advent of the traditional off-season, the start-up of the weaving plant of the terminal cotton mill has declined slightly, and the orders are less.

Future forecast: opec+ production will soon recover, short-term oil prices may continue to fall, and the cost side support of polyester staple fiber will weaken. The United States said that it was discussing the abolition of tariff hikes on China, and downstream demand was expected to pick up. It is expected that polyester staple fiber will be weak and stable after continuous decline in the early stage. Pay close attention to the situation in Russia and Ukraine, US tariff information and changes in raw material prices.