Prices Hit A New Low in The Second Half Of The Year

  Buying low and selling high to earn a price difference is a common practice among business people, but some people go against the trend by constantly buying high and selling low despite knowing they are losing money. What secret is hidden behind this? With the reporting of the victim's unit, a scam involving the sale of cotton yarn was uncovered.
  Recently, the market price of polyester staple fibers has shown a trend of frequent fluctuations and weak bottoming out. As of November 28th, the market price of polyester staple fiber reached a new low in the second half of the year, also the lowest point in nearly 9 months. What is the current market situation and where is the way out?
  It is understood that the trend of insufficient terminal orders and weak industry supply and demand expectations has been consistent throughout the month. However, in the first half of the month, supported by factors such as a warm macro market atmosphere and strong international oil prices, the price of polyester staple fiber in the market showed a fluctuating trend in the range; After entering the latter half of the year, weak demand combined with poor performance on the cost side, the market was under attack and prices fluctuated to the bottom.
  As of November 28th, the average spot price of polyester staple fiber closed at 7225 yuan/ton, reaching a new low since the second half of the year and the lowest point in nearly 9 months. It is understood that the current weak downstream demand situation is difficult to change, and many yarn factories are shipping at low prices. With the gradual increase of inventory pressure, some yarn factories have now stopped production, and market expectations are bearish, which is bearish on the market price of polyester short fibers.
However, it is worth noting that although the market price of polyester staple fibers has gradually bottomed out recently, the industry's loss pressure has slightly repaired. But recently, the pressure of industry losses has slightly eased compared to the previous period. As of November 28th, the processing fee value of the polyester short fiber industry has closed at 1000.82 yuan/ton, and some new production enterprises have basically overcome the loss situation.