On January 4th, a Fujian-based enterprise with an 80,000-spindle ring-spun pure polyester yarn production capacity announced an increase in its ex-works prices, inclusive of taxes. The prices for ring-spun T32s were quoted at 10,500 yuan/ton, up by 400 yuan/ton; T21s at 10,200 yuan/ton, up by 400 yuan/ton; and T40s at 11,600 yuan/ton, up by 400 yuan/ton. Actual transaction prices are subject to negotiation based on order volume.
PriceSeek's analysis of polyester yarn indicates a bullish-bearish score of 2. The Fujian enterprise's upward adjustment of polyester yarn spot prices, with T32s, T21s, and T40s all rising by 400 yuan/ton, reflects a significant increase. This suggests tight market supply or strong downstream demand, which constitutes a major positive factor for spot prices. The proactive price hike reflects the company's bullish outlook and may drive overall market sentiment, potentially leading to further strengthening of spot prices in the short term.
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