During the New Year holiday, the lack of terminal orders and weak overall purchasing willingness dragged down the market, leading to reduced production at some individual enterprises. As a result, the average operating rate of polyester yarn during the period experienced a slight decline compared to the previous period. According to statistics, as of January 4, the average operating rate of domestic pure polyester yarn enterprises was 70.4%, down 0.6% month-on-month.
PriceSeek's analysis of polyester yarn, with a long-short score of -1, points out that the lack of terminal orders during the New Year holiday and weak overall purchasing willingness led to reduced production at some enterprises, resulting in a month-on-month decline of 0.6% in the average operating rate of polyester yarn. Weak demand is the primary driving factor. Although supply has decreased slightly, the pressure from the demand side is greater, which may exert downward pressure on the spot price of polyester yarn, reflecting a generally bearish impact.
Comments
0