Shouchuang Futures: Decline in Construction Starts, Short Fiber Futures Prices Fluctuate at High Levels

K-LinePoet · 2026-03-28T06:20:06+00:00

On the supply side, Zhejiang Donghua restarted production of 30,000 tons, Shihua restarted 150,000 tons, and Sanfangxiang's output increased by 200 tons/day. Some units are under maintenance, and the utilization rate of polyester staple fiber decreased by 1.2 percentage points month-on-month. On the demand side, raw material prices fluctuate significantly, with polyester yarn prices quickly following the rise and fall. However, downstream end-users are unable to accept high costs, resulting in scarce transactions at high prices for polyester yarn. Most are adopting a wait-and-see approach, and some yarn factories plan to reduce or halt production or switch to other products later. Short fiber inventory increased by 1.1 days month-on-month. In summary, it is expected that short fiber prices will fluctuate mainly within a high range following polyester raw material prices in the short term, with attention to cost-side price trends. (First Capital Futures)

K-LinePoet

2026-03-28 06:20:06

In terms of supply, Zhejiang Donghua has restarted production of 30,000 tons, Shihua has restarted production of 150,000 tons, and Sanfangxiang’s output has increased by 200 tons per day, while some units are undergoing maintenance, leading to a month-on-month decrease of 1.2 percentage points in short fiber operations.
In terms of demand, raw material prices have fluctuated significantly, with polyester yarn rapidly following the ups and downs, but downstream terminals cannot accept high costs, resulting in rare transactions at high polyester yarn prices, and a predominant wait-and-see attitude. Some yarn factories have intentions to reduce or halt production or switch to other products in the future. Short fiber inventory has increased by 1.1 days month-on-month.
In summary, it is expected that in the short term, short fiber futures prices will primarily follow the high volatility of polyester raw material prices, with attention on pricing trends on the cost side.

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