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ShouChuang Futures: Raw material prices drop sharply, short fiber and bottle chip futures continue to adjust
Last week, some short-fiber production lines restarted. Short-fiber load increased month over month, but terminal negative feedback became evident, causing short-fiber production and sales to fall and inventory to rise. Bottle-flake factories mainly held firm on prices, and trading in the market became somewhat dull. The geopolitical risk premium fell back. Polyester feedstock prices dropped sharply. It is expected that in the near term, short-fiber and bottle-flake futures prices will mainly fluctuate in line with cost-side factors. (First Capital Futures)