Raw Material Staple Fiber Drops Slightly, Pure Polyester Yarn Rises Steadily

Spot market: in the near future, the market quotation of pure polyester yarn has been rising steadily. As of July 9, the price of 32S pure polyester yarn in Shandong was about 11680 yuan / ton, which was the same as last week; Jiangsu Nantong Suzhong 32S pure polyester yarn reported 15000 yuan / ton, up 700 yuan / ton compared with last week. This week, pure polyester yarn market is weak, sales continue to be flat, goods are still relatively light, industry mentality is still cautious, confidence is still insufficient, trade merchants mainly wait-and-see, spinning manufacturers to ship mentality.

Upstream polyester staple fiber: in terms of futures, polyester raw materials were affected by crude oil, and staple fiber also weakened. On July 8, the contract price of polyester staple fiber 2109 closed at 7166 yuan, down 1.86% from the previous trading day; In terms of spot, staple fiber futures price went down, and last weekend's centralized purchase of cotton mills resulted in poor production and sales of staple fiber, and the market was cold. The overall production and sales of the factory were about 17.27%. East China staple fiber quoted 6975 yuan, down 100 yuan from the previous trading day. Short fiber futures are still mainly in shock adjustment state, but the possibility of significant sustained decline is not large, and the market will still be stable and volatile.

In terms of downstream demand: due to the summer off-season, some clothing manufacturers purchase less cloth, and the orders of downstream clothing manufacturers and home textile manufacturers decrease month on month, resulting in a strong wait-and-see mood in the textile market. Due to the decline of downstream demand, some traders and weaving manufacturers still have insufficient orders for mass products. The start-up rate of weaving enterprises has gradually decreased, the output of printing and dyeing enterprises has declined month on month, and the market trend is partial weak.

Suggestion: it is expected that the overall market will be in a volatile trend, pay attention to the trend of raw materials and downstream market demand.