According to the Commodity Market Analysis System of Shengyi Society, the domestic polyester staple fiber market fell first and then rose this week, showing an overall weak trend. As of April 11th, the average market price of domestic polyester staple fiber (1.4D * 38mm) was 6333 yuan/ton, a decrease of 3.92% from the beginning of the week.
The collapse of cost support and the escalation of trade frictions have led to a significant drop in crude oil prices. However, with Trump temporarily suspending tariffs on some countries, market panic has eased and crude oil prices have rebounded from oversold levels. As of April 10th, the settlement price of the main contract for WTI crude oil futures in the United States was $60.07 per barrel, and the settlement price of the main contract for Brent crude oil futures was $63.33 per barrel. The market sentiment is cautious, and oil prices may fluctuate significantly in the short term.
The domestic load of PX has dropped to around 74%, and multiple units are undergoing load reduction or maintenance. The basic structure of supply and demand is still acceptable. There are still too many follow-up maintenance plans for PTA, and some domestic facilities have maintenance plans from April to June, which has reduced the supply pressure. However, the escalation of US tariff policies may trigger concerns about a global economic slowdown, and PTA has followed the weakening of crude oil. As of April 11th, the average market price in East China was 4338 yuan/ton, a decrease of 8.14% from the beginning of the week.
The downstream market has shown cautious performance, with light market transactions and low enthusiasm for raw material stocking under the collapse of costs. Many essential purchases are made and used as needed. In the terminal weaving industry, especially in terms of foreign trade orders, inquiries have basically stagnated, and the market is in a wait-and-see state in many places. Actual orders are issued sporadically, and there is no significant boost in domestic and foreign trade in the short term. The operating rate of weaving machines in Jiangsu and Zhejiang has slightly declined to below 65%.
Business analysts believe that tariff news dominates market sentiment, with insufficient cost support and expectations of weak demand due to trade frictions. Therefore, in the short term, the polyester staple fiber market will mainly adjust weakly.