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
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