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Shouchuang Futures: Cost support, short fiber futures prices rise strongly
On the supply side, short-staple fiber plant operating rates increased markedly last week. Fujian Jingshi 200k tons, Zhejiang Huaxing 150k tons, Chuzhou Xingbang 200k tons, Zhejiang Times 60k tons, Zhejiang Zhuocheng 115k tons, and Ningbo Dafa 400k tons straight-spinning polyester short-fiber units restarted and began production. Sichuan Jixing restarted 200k tons, Yihua restarted 225k tons, and Shihua restarted 150k tons for maintenance shutdown and repairs.
On the demand side, pure polyester yarn and polyester-cotton yarn resumed starting up one after another after the holiday; overall demand is recovering slowly. Downstream buyers are taking a wait-and-see approach toward high-priced goods.
Overall, in the short term, short-staple fiber futures prices will track costs and maintain a relatively strong trend. Keep an eye on the price trend on the cost side. (Caitron Futures)