Views:0 Author:Site Editor Publish Time: 2019-09-26 Origin:Site
During previous surge, the market seemed calm-buying moderately at low price and staying on the sidelines at high price. Then with the slump of polyester feedstock, direct-spun PSF was discounted for sales after staying high only for three days. It completed the process from rise to fall within one week.
For coming National Day, there are divergences on the market, but participants agree that there is restocking demand before the holiday as the transportation will be affected during the holiday, but considering external uncertainties, the restocking will be limited.
The overall demand from producers in South China and North China also differs. The market in southern China has been more vigorous than in northern China since Aug. Especially in Fujian, polyester yarn sales improve and the price moves up with inventory lowering within 10 days. Currently, the spinners mostly run at full capacity and have no plans to cut or suspend production during National Day holiday. In North China is mainly polyester/cotton yarn. Its inventory ranges in 2-3 months previously, showing large pressure despite small decrease recently. Some spinners intend to take holidays to reduce inventory pressure.