As the Spring Festival approaches, market demand is gradually declining, and industry participants' bearish sentiment has intensified. Most enterprises are operating at reduced capacity, leading to an overall decrease in the operating rate of pure polyester yarn enterprises this week. According to statistics, as of February 5, the average operating rate of domestic pure polyester yarn enterprises was 61.92%, down 5.12% month-on-month.
PriceSeek's analysis of polyester staple fiber indicates a bearish score of -1. The article highlights that with the approaching Spring Festival, market demand is gradually declining, and industry participants' bearish sentiment has intensified. The operating rate of pure polyester yarn enterprises decreased by 5.12% month-on-month to 61.92%, indicating that while supply has decreased, weak demand remains the dominant factor, exerting downward pressure on spot prices.
Combined with polyester staple fiber futures data (e.g., the settlement price of the main contract 2604 was 6,594 yuan/ton, down 18.00; the settlement price of contract 2605 was 6,590 yuan/ton, down 28.00), changes in open interest reflect a strengthening bearish sentiment in the market. It is expected that futures prices will continue to face downward pressure.
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