Yarn weakness is difficult to change, polyester staple fiber continues to consolidate and wait-and-see

This week (12.19-12.23), the domestic polyester staple fiber market stabilized after the first decline. At the beginning of the week, the domestic raw material market fluctuated, real orders were not many transactions, and cost support was weak. In addition, the market price of polyester chips declined, and traders delivered low prices. Affected by this, the polyester staple fiber market fell slightly, and the market in Jiangsu and Zhejiang was 1.4D. *38 The negotiated transaction price of direct-spun polyester staple fiber market is 11,200 yuan/ton. However, as the contract settlement price this month approaches, market participants have better expectations for the price of raw materials. The polyester staple market has begun to wait and see. Manufacturers' quotations have basically maintained, and there are still discounts in firm-offer negotiations. Approaching the weekend, boosted by the shocks of New York crude oil, fundamental support increased. Polyester raw materials PTA futures and spot prices rebounded slightly, but the delivery was stable. PTA and MEG sellers' quotations were firm. Because the downstream yarn market was stable, the replenishment was more cautious and the lack of effective procurement. The polyester short-term market maintained a consolidation and wait-and-see trend. It was stable at RMB 11,180/ton for three consecutive trading days, down RMB 50/ton from last weekend, or 0.45%. At present, the overall operating rate of the polyester staple fiber plant is around 60%, and the manufacturer's inventory is generally low.
With the approach of New Year’s Day and the Spring Festival, terminal yarn companies have increased their intention to take leave in advance, operating rates are declining, and market operation enthusiasm is reduced. On the whole, Longzhong Information Polyester Industry Chain Market Analyst Zhao Guizhen believes that demand Insufficiency is still the main factor restricting the current market of polyester products.