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Shouchuang Futures: Significant Increase in Costs, Strong Rebound in Short Fiber Futures Prices
On the supply side, Jiangyin Huahong and Fujian Shanli have returned to full production, Yuanfang’s output has increased by 90 tons/day, and Fuweier’s Yangzhou and Zhuhai production lines have gradually reopened. This week, market sentiment has somewhat improved, and short fiber inventories have decreased.
On the demand side, pure polyester yarn and polyester-cotton yarn have gradually resumed operation after the holiday, with overall demand slowly recovering. Downstream procurement efforts remain limited, with spot and trade merchants mainly offering discounts to sell.
In summary, the sharp rise in polyester raw material prices has driven the short fiber futures prices higher, with short fiber production recovery happening relatively quickly. Attention is on the follow-up situation downstream. (First Capital Futures)