The slow recovery of downstream spinning mills and the hard demand for goods will not drive the polyester staple fiber market in the short term. Even though the current chemical fiber mills have limited inventory, most of the overhaul factories will gradually heat up and restart on Friday and Saturday, worrying about the subsequent increase in supply and To measure the current cash flow situation, the mainstream polyester staple fiber enterprises make a narrow profit transaction and wait for the downstream periodic replenishment. The orders of the starting enterprises of the cloth factory are limited, and there is a certain amount of raw material inventory before the festival. In addition, the short fiber is low, and the enterprises are more cautious when purchasing pure polyester yarn. The volume of pure polyester yarn enterprises is naturally low. Low output, small output, and slow inventory increase, so the industry's operation idea is to wait and see with stable prices.
On February 12, the Asian PX market fell by 8 US dollars per ton, FOB Korea closed at 1301-1302 US dollars, and CFR China closed at 1325-1326 US dollars.
The price of viscose staple fiber continued to rise in a narrow range, but the support from the demand side was limited. The downstream performance of rayon yarn is also not optimistic. Affected by unfavorable factors such as market downturn and labor shortage, the operating rate of fabric factories is low, and the demand for rayon yarn is limited. Tomorrow's Lantern Festival, the cotton yarn market trading will gradually resume after the material festival. Today's rayon yarn may continue the stalemate and consolidate the market.
Sticky short: The downstream market is slow to recover, and there is insufficient support for sticky short after the holiday. Most of the raw material stocks of yarn enterprises can be used until the end of the month, and the market demand after the Lantern Festival is expected to decrease. The market is expected to remain flat today.