Stick short: holiday manufacturers accumulate inventory, after the holiday there is an order execution mentality, the quotation and market price to push up the will. The first working day after the festival, the market atmosphere bias wait-and-see.
At present, the yarn enterprises and downstream have not fully recovered, the start-up enterprises are affected by orders and employees, and the output is not high; Short fiber market lack of confidence, the price may be difficult, cost surface support strength is limited, material today pure polyester yarn market or temporary stability wait and see, to observe the upstream trend and downstream replenishment situation.
The US Federal Reserve continues to cut QE amid global market turmoil during the Lunar New Year holiday. Weaker-than-expected economic data from the US, UK and China will keep investors cautious about global growth forecasts. As for polyester factories, they control the construction around the Spring Festival so that their inventory is at a safe level. After the holiday, they can leave a stable and wait-and-see space, but the downstream mills still need to be patient and wait for replenishment after the holiday.
The rayon yarn market is calm after the festival. Due to the coming of the traditional season of rayon yarn, a few yarn factories with reasonable early inventory and abundant orders have started work ahead of schedule. Most mills are cautious about the market after the festival, starting time in the early ten to fifteen. Cotton yarn market is expected today stalemate consolidation. Later as the yarn enterprises gradually started, the market or will be changed.