January 28Th Morning Market Report: Polyester Staple Factory Low Inventory On Price Support
Polyester staple fiber (1.21-1.25):
This week, straight spinning polyester staple prices rose first and then stabilized.
Crude oil prices rose last Friday, driving polyester costs PTA and ethylene glycol to rise. PTA was strong enough to reach a limit.
The cost side supporting effect is remarkable, and the price of PET staple fiber increases with the rising cost.
Global stock markets generally fell on Tuesday, and crude oil fell to drive raw materials down. However, due to the tight delivery and low inventory of polyester staple fiber factories, the price of polyester staple fiber has been supported, so the price of polyester staple fibers has remained stable after the first rally.
It is expected that short staple or stable finishing will be the main trend in the near future.
Prediction: the cost side supporting role is insufficient, under the pressure of storehouse there is a lack of further driving force.
Near the Spring Festival, the downstream of polyester staple will enter the finishing stage, and logistics will soon be closed. The atmosphere of trading is mainly light. However, the staple fiber staple factory's low stock will give the price of polyester staple fiber a certain support.
It is estimated that the price of polyester staple fiber will be mainly concentrated in the next week, or the price will be sorted in the vicinity of 8700-8900 yuan / ton.
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