On January 16, the market price of polyester staple fiber in Shandong region ranged from 6,500 to 6,560 yuan per ton for short-distance delivery. Insufficient cost support and downstream enterprises maintaining only essential demand have led to subdued market quotation sentiment for polyester staple fiber. PriceSeek's analysis of polyester staple fiber indicates a bearish score of -1.5. The article shows that the spot price of polyester staple fiber in Shandong region is between 6,500 and 6,560 yuan per ton. Insufficient cost support has increased production cost pressures, while downstream enterprises are only maintaining essential procurement, resulting in weak market quotation sentiment. It is expected that spot prices will face downward pressure. Combined with futures data, the main contract for polyester staple fiber on the Zhengzhou Commodity Exchange (e.g., contract 2603) has recently experienced a continuous decline in prices (closing at 6,394 yuan per ton on January 15, down 62 yuan). The decline in trading volume and open interest indicates insufficient market confidence. Futures prices may further decline due to weak supply and demand, with overall bearish sentiment being significant.

Polyester yarn, with a bearish score of -1, as a downstream product of polyester staple fiber, may see reduced production costs due to weak raw material prices. However, the article points out that downstream demand remains limited to essential needs, and overall market quotation sentiment is subdued, reflecting weak terminal consumption. The spot price of polyester yarn is expected to face dual pressures from declining raw material prices and sluggish demand, showing a neutral-to-bearish trend, with prices likely to experience a slight decline.