SunSirs: Spot Supply Was Tight, the Price of Polyester Staple Fiber Was Stable

https://www.chemnet.com   Jun 14,2024 SunSirs

Price trend

According to the Commodity Market Analysis System of SunSirs, the domestic polyester staple fiber market remained stable on June 13th, with an average price of 1.4D * 38mm at 7,696 RMB/ton, which was unchanged from the previous trading day.

Analysis review

As of June 13th, traders had a shortage of spot goods and were reluctant to sell at low prices. In addition, short fiber factories in East China were changing their cotton production lines, resulting in a relatively tight supply of goods. The cost side support has weakened, and downstream wait-and-see sentiment was stronger, purchased mainly on demand, and market transactions were less.

Market outlook

It is expected that the spot supply will shrink in the short term, providing support for the price of polyester staple fibers, and the price is relatively resistant to decline

If you have any questions, please feel free to contact SunSirs with support@SunSirs.com.

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