Since the beginning of the month, polyester staple fiber has shown a fluctuating trend after rising, rising from 5,430 yuan/ton at the beginning of the month to 6,270 yuan/ton, an increase of 15.47%. According to Longzhong data, a comparison of short fiber production and sales and benchmark prices found that the correlation coefficient between the two was 1.49%, indicating a certain positive correlation.
Towards the end of the month and the Spring Festival holiday, companies take turns to stop for maintenance, and the market supply pressure is low, which “protects” spot prices. It is understood that the current corporate orders are oversold, and as of the 21st, the weekly inventory is -9.4 days.
It can be seen intuitively from Figure 2 that sticky- The price difference space has gone up, especially after the middle of the year, the price difference space has expanded. The reasons are as follows: 1. Currently, most viscose staple fiber manufacturers have pre-sold February shipments in advance. However, since March output cannot be guaranteed, orders can only be restricted. Therefore, the price of viscose staple fiber may continue to rise in the near future. 2. The price of spunlace polyester remains at a stable high level, and amid the frequent epidemics in various places, the demand for spunlace non-woven fabrics has increased, and downstream factories have accelerated the pace of stocking up. 3. As the Spring Festival is approaching, we are worried about restrictions on logistics and transportation. In order to ensure the normal production of the company in the future, we are more enthusiastic about stocking up.
Moreover, the market’s mid- to long-term expectations for oil are still optimistic. Taken together, there is no expectation of a decline in spunlace staple fiber prices in the first quarter.