Spot price: the spot price of domestic polyester staple fiber stabilized and rebounded this week (2.21-2.25). According to the price monitoring of business agency, the average price of domestic polyester staple fiber was about 7810 yuan / ton on February 25, up 0.97% from the beginning of the week and 1.34% from the same period last year.

Futures market: this week, the main force of staple fiber pf futures showed a shock upward trend. On February 25, the main contract of staple fiber pf futures closed at 7612, up 256 or 3.48% from the closing price of last week. The settlement price is 7682 yuan; The position was 112749, the position decreased by 649 and the basis was 198. Domestic staple fiber upstream raw material futures prices rose and fell this week, with PTA rising 5.94% and ethylene glycol falling 0.91%.

Influencing factors: 1 International crude oil prices rose sharply this week. The tension between Russia and Ukraine escalated, and the international oil price soared sharply. On the 24th, the CFD of WTI New York crude oil exceeded US $100 / barrel. At the weekend, affected by the weaker than expected us and European sanctions against Russia, the oil price fell sharply, and the US oil rose by about 4% this week; 2. This week, the cost side of PTA benefited from the strong performance of international oil prices. The maintenance of PTA unit is expected to rise under low processing cost, and the downstream is gradually started, but the demand recovers slowly; 3. This week, the social inventory of ethylene glycol continued to accumulate slightly, the overall supply and demand pressure was large, and the futures and spot prices fell slightly; 4. This week, the market of pure polyester yarn and polyester cotton yarn was sorted horizontally. The market performance was insufficient and the mentality was generally weak. The yarn factory mainly delivered goods cautiously, and the factory transaction was general, mainly delivered orders; 5. Affected by the rise in the price of main raw materials, the price of polyester staple fiber rebounded slightly this week. The downstream yarn mills and weaving mills resumed work one after another, and the production and sales rebounded. However, the recovery in demand is still less than expected, and the spot price trend of staple fiber is relatively stable.

Future forecast: in the short term, the conflict between Russia and Ukraine will escalate, the oil price is easy to rise but difficult to fall, and the cost side support of polyester staple fiber is strong. It is expected that polyester staple fiber will show a strong shock trend in the short term in the future. Pay close attention to the situation in Russia and Ukraine, changes in raw material prices and the resumption of upstream and downstream work.