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SunSirs: Polyester Staple Fiber Futures Prices Fall, Pure Polyester Yarn Remains Stable at a High Level
September 10 2021 08:22:04SunSirs(Linda)

Latest price (2021.09.09): 14375 yuan/ton

The trading atmosphere in the pure polyester yarn market continued to be weak, and inventories continued to rise. Manufacturers are still able to withstand the inventory pressure and are very cautious about price cuts. Although the staple fiber futures prices have fallen sharply in the past two days, due to the shutdown of some polyester factories, the staple fiber operating load continues to decline and the supply continues to shrink. The overall operating rate of major downstream weaving production bases was 63.17%, down 1.53% month-on-month. The actual terminal orders were insufficient and the weaving load further decreased. The continuous contraction of the supply of upstream raw materials and the lack of significant improvement in the downstream demand side has led to a wait-and-see attitude of the spinning mills on price adjustments. The market outlook price trend still depends on the actual future trading volume and downstream demand trends. If the demand side does not continue to improve, under the influence of the decline in staple fiber futures, pure polyester yarn will show a downward trend.

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