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Under the influence of the current international situation, the decline in oil prices has triggered the weakening
In terms of raw materials, 1 ton of staple fiber requires 0.
Since September, the overall start of PTA has maintained a low level, some factories due to the shortage of raw materials for xylene (PX), the implementation of stopping and reducing production action, resulting in a further decline in the start of PTA enterprises, and the downstream polyester industry into the peak season of the year, demand has improved compared with the previous period, PTA spot market can be circulated supply is tight, boosting processing fees along the way, rising to a relatively high level
Ethylene glycol, another raw material of staple fiber, is not as correlated
In terms of supply, due to the poor efficiency of staple fiber devices, a number of sets of devices entered the state of parking and maintenance after entering August, and the operating rate fell significantly
On the downstream side, demand has recovered, but not as much as in previous years
In the future market, although the supply of staple fiber has shrunk recently, and the processing fee has been repaired, due to insufficient demand pull, the price is more dependent on the cost side drive.
