The latest price of polyester staple fiber (4-3): 7876 RMB / ton, the market outlook is bullish

Key points of analysis: Over the weekend, several members of OPEC+ announced production cuts, and the center of gravity of crude oil prices moved up. At the same time, the domestic PX maintenance season is coming, the supply is expected to be tight, PTA continues to be strong, and the cost is favorable to promote the price increase of polyester staple fiber. Under the influence of the mentality of buying up and not buying down, the downstream speculative stocking was triggered, resulting in a slight decline in the inventory of staple fiber products.

At present, the operating rate of pure polyester yarn enterprises is at a high level, but the lack of orders is relatively light. The production of manufacturers is mostly domestic orders, and the foreign market has not improved substantially. The inventory of finished products in yarn factories continues to accumulate, and most of them are cautious about raw material staple , On-demand procurement model.

Forecast of the market outlook: In the short term, it is still supported by costs, and the price will remain on the high side.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.