The inventory of most spinners reduced apparently despite fiercely volatile PSF

Operating rate of fabric plants has recovered since mid-Aug, which promotes the sales of spinners significantly. From then, orders of polyester yarn improved gradually and the price started to slightly rebound. The inventory of most spinners reduced apparently despite fiercely volatile PSF. The signs of peak season show up, but whether it can sustain still depends on the market in Oct. Currently, polyester yarn inventory stays at normal level. With National Day coming, some traders and end-users are likely to restock intensively for post-holiday use.

In short term, it may stimulate the sales. If the peak season comes as expected, the bearish market sentiment may be cheered up. Thus Oct may witness whether the market returns to normal status. However, it is noteworthy that even if the market improve, it will be still worse than previous years. In addition, 2019 Spring Festival will come in advance, so there is not much time left for the market to adjust. Therefore, the market is highly expected to improve and then tend stable.