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On July 28th, the spot market for chemical fiber raw materials generally showed a trend of stability with a downward movement. The weak demand from the textile industry during the off-season was the main factor suppressing the market. The transaction atmosphere for each category of the polyester industry was rather dull.
Previously, polyester filament fibers had undergone multiple rounds of continuous inventory reduction. The factory inventories have dropped to the lowest levels of the year. Upstream polyester producers have a willingness to maintain prices, but the purchasing willingness from the downstream weaving sector remains persistently low. The operating rates of looms in Jiangsu and Zhejiang regions are at a low level, and the digestion speed of raw fabrics is slow. Weaving enterprises are all making sporadic replenishments based on demand and have basically halted large-scale bulk purchasing. The daily production and sales rate of polyester filament factories only maintains at a level of 20-30%. The market situation of viscose staple fibers remains stable. The market mainly focuses on delivering previous old orders, and there is no obvious fluctuation in price.
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