Overall, demand expectations remain subdued, restraining the intensity of stockpiling, with most enterprises still primarily focused on essential procurement. According to statistics, as of January 4, the average raw material inventory for pure polyester yarn enterprises stood at 7.21 days, a slight increase of 0.16 days compared to the previous period.
PriceSeek's analysis of polyester staple fiber assigns a bearish score of -1. The article notes that due to weak demand expectations, enterprises' stockpiling efforts are limited, with most adopting a demand-driven approach. The raw material inventory days for pure polyester yarn enterprises increased only marginally by 0.16 days to 7.21 days, indicating sluggish end-user demand and exerting downward pressure on spot prices of polyester staple fiber.
Combined with polyester staple fiber futures data, such as the closing price of the main 2603 contract at 6,456 yuan per ton, down by 66.00 yuan, and open interest increasing by 13,343 lots, market bearish sentiment appears to be strengthening. Weak demand may further drag down futures prices.
The score is -1.0 (generally bearish), as negative factors on the demand side dominate, though the slight increase in stockpiling provides a minor buffer, preventing it from reaching a significant bearish level.
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