After New Year’s Day, the rise in polyester yarns was out of control. This also drove the already sleepy textile market to a certain extent and gave the market a trace of enthusiasm again. So this rise will go up. When will the momentum come to an end?
The author believes that the upward momentum of polyester yarn will not stall in the short term. There are three main reasons: first, the cost-end support is very obvious; second, the equipment maintenance at the end of the year; third, the demand for replenishment of downstream positions is still Now, let’s talk about the reasons in detail below.
Obvious cost support
You must know that polyester yarn has been unable to push up the price in the past. A large part of the reason is that the cost side continues to plummet and the decline continues. As a downstream, we can only follow the market decline. Crude oil once fell below It hit the US$70/barrel mark, but now it has returned to US$80/barrel driven by several waves of price increases. This was followed by a sharp rise in PTA, which provided significant cost-side support.
The price of polyester yarn has increased by nearly 500 yuan after several price adjustments. / tons The price of polyester yarn should fluctuate within this range during the Chinese New Year. After all, any sharp increase will once again arouse the resistance of downstream weaving enterprises, and the gains outweigh the losses.
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The price of polyester yarn has increased by nearly 500 yuan after several price adjustments. / tons The price of polyester yarn should fluctuate within this range during the Chinese New Year. After all, any sharp increase will once again arouse the resistance of downstream weaving enterprises, and the gains outweigh the losses.
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The price of polyester yarn has increased by nearly 500 yuan after several price adjustments. / tons The price of polyester yarn should fluctuate within this range during the Chinese New Year. After all, any sharp increase will once again arouse the resistance of downstream weaving enterprises, and the gains outweigh the losses.
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