SunSirs: Severe Loss of Polyester Staple Fiber and Increased Willingness to Rreduce Production
March 31 2023 09:50:42
On March 28, the benchmark price of polyester staple fiber in SunSirs was 7510.00 RMB/ton, an increase of 1.46% compared with the beginning of this month (7402.00 RMB/ton).
From the current point of view, the cost has boosted the price of polyester staple fiber, and the price of polyester staple fiber has remained firm. However, the poor performance of the demand side has suppressed market sentiment to a certain extent.
At present, staple fiber factories are suffering severe losses, and some will increase their willingness to reduce production. It is expected that the supply will gradually decrease. On the cost side, the recent concentrated maintenance of PX will still bring strong support, but the increased production reduction of downstream polyester factories and the increase in PTA's own production will bring a certain drag on PTA. In addition, the demand side is relatively light.
Under the long-short game, it is expected that the operation of polyester staple fiber will be stalemate for the time being. It is still necessary to pay attention to the trend of crude oil prices and the recovery of demand.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.
- 2024-04-26 SunSirs: The Market Had a Strong Wait-and-see Sentiment, and the Price of Polyester Staple Fiber Remained Stable
- 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
