Futures market: on February 9, the main pf futures contract closed at 7750, down 2.74% from yesterday’s settlement price, and the settlement price was 7798; The trading volume is 138525 hands; The position was 107212, the position decreased by 584, and the basis was 72. Polyester staple fiber futures closed down 77.4%, while domestic staple fiber futures fell by 27.4%.

Spot price: according to the price monitoring of business agency, the average price of domestic polyester staple fiber spot market on February 9 was 7822 yuan / ton, up 4.04% from last week and 15.06% year-on-year.

Analysis: in terms of cost, the United States expressed its willingness to reach relevant agreements with Iran. Iran will supply more than 1 million barrels of oil to the market every day. The oil supply is expected to increase. Overnight, WTI New York crude oil CFD fell 2.04% to close below 90. During the Spring Festival of ethylene glycol, many units were restarted, and Zhenhai Refining and Chemical Co., Ltd. was put into operation at the end of January, resulting in a significant increase in supply. In addition, many units have plans to be put into operation, and the long-term market supply pressure is large. In addition, the port arrival of ethylene glycol during the Spring Festival is smooth, and the port inventory is also improved. PTA’s stock accumulation increased in February, but its raw material PX was in short stock and the cost support was strong. After the staple fiber industry chain link, the increase is too high, but the downstream follow-up is slow, and the spot quotation of staple fiber is relatively stable.

Forecast: in the short term, in terms of raw materials, the international crude oil price is easy to rise but difficult to fall due to the geographical situation of Russia and Ukraine and the energy tension in Europe, and the short fiber cost side support is strong. In the future, staple fiber may still fluctuate with the cost price. Pay attention to the change of raw material price and the resumption of upstream and downstream work after the festival.