SunSirs: Chinese Polyester Staple Fiber Futures Fluctuate, Pure Polyester Yarn Sales Weaken

Spot market: Recently, the quotation of pure polyester yarn market has steadily declined, with some declines. 32S pure polyester yarn in Shandong area reported 14100.00 yuan/ton. The sales of pure polyester yarn weakened, and some discounts increased. Polyester/cotton yarn temporarily stabilized. Inventory is normal, and some are out of stock.

Upstream polyester staple fiber: In the near future, direct-spun polyester staple futures fluctuated, and the spot market remained sideways. The mainstream transaction center of semi-gloss 1.4D was 6600-6750 yuan/ton or short delivery. The basis of the futures was maintained. The downstream just needed to purchase. The factory Today's transactions are mostly just in demand, and some of the higher production and sales are 200-500%. Jiangsu and Zhejiang semi-gloss 1.4D mainstream is 6600-6750 yuan/ton, Fujian semi-gloss 1.4D mainstream is near 6700-6750, Shandong and Hebei mainstream is near 6650-6750.

In terms of downstream demand: the market for grey fabrics has risen month-on-month, and the price index has risen slightly. Recently, marketing has increased month-on-month, and the orders of grey fabric manufacturers have increased month-on-month, and the price of grey fabrics has risen slightly. However, the overall market for grey fabrics is still inadequate, some orders have increased, and the overall market is generally out of stock. Apparel fabrics fell month-on-month, and the price index dropped slightly. Recently, the sales of apparel fabrics in the fabric market of China Textile City fell from the previous month, and the sales in the mass fabric market fell month-on-month, and the price and volume fell slightly. Spot sales of spring fabrics dropped significantly, and orders for summer fabrics were partially insufficient, and prices fell slightly.

Recommendation: On the cost side, due to the reduction of PTA supply, there is certain support. On the demand side, there is a replenishment in the early stage, and the raw material reserves are generally large. Due to the high price of raw materials this year and the poor reception of new orders from downstream, downstream demand will be partially insufficient, and the market trend will be flat, and the enthusiasm of fabric subscription will decline; and due to partial reduction of orders by some traders and weaving manufacturers, the market outlook Insufficient supply of summer fabrics, spot transactions and order shipments declined month-on-month, local batch orders for summer fabrics declined slightly, autumn fabric orders were relatively limited, weaving companies' operating rate was partially insufficient, and printing and dyeing companies' production and sales were relatively limited. It is expected that the enthusiasm of mass product subscription will drop slightly from the previous month, and the overall market transaction will show a trend of volatility and a small drop.

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