Polyester staple fiber has relatively large fluctuations in 2020. The overall trend has rebounded and fallen, and the center of gravity has adjusted to a low level after falling. In the first quarter, due to the Spring Festival factors and the impact of the domestic epidemic, overall commodities fell across the board, and polyester staple fiber could not escape the fate of falling, falling to historically low levels. After entering April, as the domestic epidemic situation improved slightly and recovered, coupled with the crazy purchasing caused by the demand for non-woven products due to the epidemic hype, the price of the entire polyester staple fiber rebounded strongly, but the market went away quickly as it came. The state rectified some non-woven mask factories, the market madness subsided, and prices quickly fell back to previous lows again. Then, although the domestic market gradually recovered and eased, the epidemic broke out abroad, which had a serious impact on the overall market, such as textile and apparel exports. Therefore, polyester staple fiber basically maintained an adjustment trend during the period, with periodic price increases due to replenishment demand. However, the increase failed to be effectively sustained and always fluctuated at a low level. After entering the National Day, the expectation of a cold winter during the National Day period led to the emergence of autumn and winter orders. After the epidemic in India and other countries abroad, some downstream orders were transferred to China. Coupled with the financial attributes of polyester short-term futures listed on October 12, the price of polyester staple fiber increased again. There was a relatively strong rebound trend, but this time the high point was lower than in April, and after the rebound, it fell again due to the lag in downstream follow-up. Overall, after the National Day, the price focus of polyester short-term products has risen compared with the previous period. Starting from December, under the influence of early stocking at the end of the year, polyester and short-term prices continued to rise slightly.
According to CCFEI statistics, the average price of polyester staple fiber in Jiangsu and Zhejiang in 2020 was 5,801 yuan/ton, and the average price in 2019 was 7,825 yuan/ton, a year-on-year decrease of about 25.9%. The high in 2020 was 7,020 yuan/ton in early January; the low was 5,250 yuan/ton in September.
In the first quarter, due to the long Spring Festival holiday and the global spread of health and safety incidents, the crude oil market plummeted, causing the polyester raw material PTA/MEG to plummet. Downstream foreign trade orders continued to be cancelled, and the cost of polyester staple fiber increased. With demand collapsing at both ends, prices continued to fall. By the end of March and early April, Jiangsu and Zhejiang polyester short products fell to a historical low of 5,250-5,300 yuan/ton.
After the Qingming Festival, benefiting from the concept of masks and the surge in demand for es fiber of hot-air non-woven fabrics, polyester staple fiber started a crazy rise mode. From es fiber – low melting point products – mid-length – spunlace polyester staple fiber, etc., there has been a sudden increase in demand and a skyrocketing price pattern. At the same time, it has also led to an artificial increase in the price of cotton. The price of polyester short fiber in Jiangsu and Zhejiang The high level is around 6,300 yuan/ton. Entering the second half of the month, the craze subsided, returning to the fundamentals of low demand for cotton, and prices entered a downward trend, falling back to the level before the Qingming Festival when prices had not increased.
After May Day, when Europe and the United States relaxed some controls and began to resume work, inquiries for foreign trade orders increased, and some suspended orders in the early stage also started production. There is a possibility that demand will improve in the later period, so in the short-term mentality, The polyester staple market has played a certain role in supporting the market, but the continued upward momentum has been insufficient. Therefore, the polyester staple fiber market has maintained a slight upward trend in price amid shocks. Lasts until mid-June. The price of polyester in Jiangsu and Zhejiang reached around 5,900 yuan/ton, failing to break through the April high.
After mid-June, the recovery of foreign trade orders was lower than expected, and domestic demand was relatively acceptable. However, it gradually entered the traditional downstream off-season, risks continued to accumulate, and factory inventories also accumulated slightly, which caused the price of polyester staple fiber to decline. The center of gravity keeps falling. Since then, the polyester short-term prices in Jiangsu and Zhejiang have been fluctuating at a low level of 5,300-5,400 yuan/ton.
After the National Day, Double Eleven orders and the news that orders were transferred from India and other places to China caused a sudden short-term boom in demand in the downstream market, and most commodities experienced a strong rebound. The polyester shorts market is no exception. Manufacturers’ production and sales are booming and they have entered a short-term negative inventory stage. Coupled with the enthusiasm for capital investment in the listing of short-term polyester futures on October 12, the price of polyester staple fiber has experienced a strong upward trend. The high price of polyester staple fiber in Jiangsu and Zhejiang has reached around 6,000 yuan/ton. However, as the enthusiasm fades and new orders Unable to effectively follow up, the market fell back to around 5,500 yuan/ton in late October. After entering December, due to the early Spring Festival holiday of downstream factories, some factories prepared goods in advance, and spring home textile orders appeared, the price of polyester shorts showed a slight upward trend. </p
