With the Spring Festival approaching, only a few yarn mills maintained low operating rates to wrap up their work, resulting in an overall drop in yarn mill operations to near zero this week. Yarn mills plan to gradually resume operations between the eighth and tenth days of the Lunar New Year. Statistics show that as of February 12, the average operating rate of domestic pure polyester yarn mills was 14.40%, a decrease of 47.52% compared to the previous week.

Evaluation and Analysis

The average operating rate of domestic pure polyester yarn enterprises dropped to 14.40%, a month-on-month decrease of 47.52%, indicating a sharp reduction in supply, which may push up spot prices. Combined with polyester staple fiber futures data (e.g., contract 2604 closing price 6,622 RMB/ton, up 30.00 RMB/ton), rising raw material costs further support polyester yarn prices. Post-holiday resumption of work plans may alleviate supply pressure, but the short-term benefits are significant.

As an integrated internet platform providing benchmark prices, on February 12, the benchmark price of 32S polyester yarn on SunSirs was 11,266.67 RMB/ton, an increase of 0.60% compared with the beginning of the month (11,200.00 RMB/ton).

Application of SunSirs Benchmark Pricing：

Traders can price spot and contract transactions based on the pricing principle of agreed markup and pricing formula (Transaction price=SunSirs price + Markup).

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