SunSirs: Polyester Staple Fiber is Arranged Sideways, and Sales of Pure Polyester Yarn are Weak
March 25 2021 08:54:00 SunSirs (Linda)
Spot market: On March 24, the average spot market price of 32S polyester yarn in Shandong was around 14,100 yuan/ton, down by about 200 yuan/ton compared to last week. At present, the raw material inventory of yarn companies is mostly available until early and mid-April. Before late April, pre-sale orders are mainly completed before and after the Spring Festival. There are not many yarns available for additional sales in the short term. In addition, raw materials in recent days Large fluctuations, unclear direction, and companies' external quotations are not positive.
Upstream polyester staple fiber: The direct-spun polyester staple fiber is still negotiating. Yesterday, the mainstream transaction center of semi-light 1.4D dropped to 6900-7100 yuan/ton, which is around 6800 yuan. The downstream just needs replenishment, and the transaction is average. Crude oil fell sharply in early trading today, polyester raw materials and direct-spun polyester short futures fluctuated in the night trading, and the cost side fell. The market continued to wait and see.
Downstream demand: The domestic and foreign sales orders were lower than expected from March to May, the weaving factories' enthusiasm for yarn inquiries and delivery was significantly reduced, the demand for fabrics, clothing and other terminal quotations rose weakly, the wait-and-see sentiment continued to rise, and shipments were 2 Significantly faded in the middle of the month.
Suggestion: polyester yarn spot sales are weak, quotations and transaction prices peaked and fell, inventory accumulated, and prices will remain weak. It is recommended to continue to pay attention to further changes in the polyester staple fiber futures market and downstream orders.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.
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- 2024-03-21 SunSirs: Cost Support Enhanced, and Polyester Staple Fiber Prices Were Narrowly Upward
- 2024-01-30 SunSirs: Driven by Cost Benefits, Prices of Polyester Staple Fibers Continued to Rise
- 2023-12-13 SunSirs: The Market Situation of Polyester Staple Fibers in Jiangsu is Temporarily Stable
- 2023-11-22 SunSirs: Cost Support Weakened, Polyester Staple Fiber Prices Maintained a Downward Trend
