Sep 26, 2023
Close virgin PSF prices are relatively firm in Hebei and Northern Jiangsu and some plants have no inventory. Prices in Wujiang and Jiangyin are mostly stable, with some high inventory levels. The direct-spun PSF spread has widened, and traders have replenished intensively last week, performing overall better than PTA. Since Jul, polyester yarn inventory reduces somewhat, but overall, it still remains at a high level, with inventory levels slightly higher for about a month, while polyester/cotton yarn performing weaker than polyester yarn.
In summary, recently, driven by costs, some recycled PSF offers have increased, and sales diverge overall. Producers have a cautious outlook on the future market. Currently, the demand for home textiles and yarn is ordinary, and the market is still awaiting the peak season.