According to the Commodity Market Analysis System of Shengyi Society, the price of domestic polyester staple fiber fluctuated and adjusted in August. As of August 31, the average market price of domestic polyester staple fiber (1.4D * 38mm) was 6536 yuan/ton, a decrease of 0.61% from the beginning of the month. In August, the price of polyester staple fiber fluctuated with costs, showing a trend of first falling, then rising, and then falling back.

The crude oil market is intertwined with long and short factors, and will continue to face complex situations in the short term. On the supply side, the geopolitical risks between Russia and Ukraine have escalated due to Trump’s deadline for negotiations, raising concerns about supply disruptions. On the demand side, both US crude oil inventories and Cushing crude oil inventories have decreased, while strategic petroleum reserve inventories have increased, providing support for oil prices. However, the implementation of US tariffs on India’s purchase of Russian crude oil may be hindered. As of August 26th, the settlement price of the October WTI crude oil futures contract in the United States was $63.25 per barrel, and the settlement price of the October Brent crude oil futures contract was $67.22 per barrel. The future still needs to focus on the progress of the Russia Ukraine situation and the policy guidelines of the OPEC meeting on September 7th.
The domestic PTA market rebounded after a decline, with an average price of 4891 yuan/ton in the East China region as of August 29th, an increase of 1.45% from the beginning of the month. In the first ten days, OPEC+increased production, crude oil continued to decline, and market prices fell due to expectations of self accumulation. In the second half of the year, the petrochemical industry experienced a rebound and PTA units suffered unplanned losses, leading to a significant increase in market prices. At the end of the month, concerns about weakened supply and demand led to a sharp decline in market prices from high levels. In terms of PTA supply, some factories have undergone equipment maintenance, and the industry’s operating rate is around 68%, but the market supply is stable and there has been no shortage of goods. In early September, three sets of PTA plants with capacities of 2.25 million tons, 2.2 million tons, and 4.5 million tons will be restarted one after another, and the supply and demand of the industry will shift from destocking to loose balance.
On the demand side, the downstream weaving industry has entered a traditional off-season, and the consumption of textile and clothing at the end is weak, resulting in slow upward transmission. Therefore, polyester short fibers are mostly purchased on demand, lacking the motivation for large-scale stocking. In addition, the tariff dispute is not limited and affects the export situation of terminal textiles and clothing. Whether the peak season in September this year can start as scheduled and boost the short fiber market still needs to be carefully observed. If there is no substantial improvement in terminal demand in September and the growth of weaving enterprise orders is lower than expected, the short fiber “peak season market” may be difficult to fulfill, and the market may still operate weakly.
Business analysts believe that the supply of PTA maintenance equipment will return in September, and the maintenance is still uncertain, so the supply may increase. The downstream market expects the traditional peak season in September to inject a stimulant into the market. However, in the absence of clear direction guidance, it is expected that the short-term prices of polyester staple fibers will continue to experience a narrow adjustment trend.