Terminal weaving and most polyester yarn enterprises have experienced a decline in operating rates. Coupled with substantial promotional discounts offered by some companies, the average inventory of enterprises has shown a destocking trend. According to statistics, as of February 5, the inventory in the pure polyester yarn industry stood at 21.96 days, a decrease of 0.65 days compared to the previous week.
PriceSeek's analysis of polyester staple fiber indicates a bullish-bearish score of 1.5. The article highlights that while terminal weaving operations have declined, companies have driven destocking of pure polyester yarn through promotional activities (inventory decreased to 21.96 days, down 0.65 days week-on-week). This suggests an improvement in demand-side absorption capacity, providing support for the spot price of polyester staple fiber. As polyester staple fiber serves as the raw material for polyester yarn, reduced inventory is favorable for expectations of tightening upstream supply.
Combined with futures data, the main contract for polyester staple fiber (e.g., the 2604 contract settled at 6,612 yuan/ton, up 54 yuan week-on-week) continues to rise, with an increase in open interest (e.g., the 2604 contract open interest reached 131,163 lots, up 13,762 lots), reflecting strengthened bullish sentiment in the market. It is expected that both spot and futures prices will maintain an upward trend in the short term.
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