This summer, polyester filament and polyester staple fiber manufacturers have launched a price model, but they have suffered inventory problems after a period of execution. In this regard, polyester staple fiber factories choose to reduce production, but whether the reduction can achieve the goal of price remains to be seen.

Since June 22, 2024, polyester staple fiber production plants in the context of processing fees, began to implement a price, when middlemen and downstream factories polyester staple fiber inventory is not much, so have to replenish at high prices, resulting in polyester staple fiber prices quickly climbed to 7890 yuan/ton, processing difference climbed to the highest 1,200 yuan/ton.

In early July, the price of polyester staple fiber began to fall, and the processing difference shrank to 1100 yuan/ton, mainly due to the large pressure on the supply and shipment of middlemen contracts, some of them gave priority to the storage of relatively low prices, the downstream factory finished product inventory pressure was large, the cash flow was tight, the enthusiasm for purchasing polyester staple fiber was low, and the polyester staple fiber factory accumulated inventory speed was accelerated. Equity inventory increased to 13.51 days, physical inventory increased to 18.49 days, inventory pressure highlighted, but at this time polyester staple fiber production factory adhere to the price model does not change, did not release the production cut news, the market without good news support, the price gradually move down with the cost.

Remove the seasonal accumulation of the Spring Festival, the current polyester staple fiber inventory is at a three-year high, and the current point from previous years is also in a short period of storage node; Although the processing fee of staple fiber rose from 900 yuan/ton to the current 1140 yuan/ton, but at the same time in the case of the fault in the downstream follow-up orders, the downward transmission of staple fiber prices is too slow, so the willingness of cotton mills to buy is also a decline, and the occurrence of staple fiber inventory is understandable.

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