Market Overview: According to the Commodity Market Analysis System of Business Society, as of February 2, 2024, the reference price for the pure polyester yarn market in Shandong Province was reported at 12475 yuan/ton, unchanged from last week; The reference price for polyester cotton yarn market is 17260 yuan/ton, unchanged from last week.

This week’s market situation: Downstream restocking has basically ended this week (1.27-2.2), yarn factory sales are coming to an end, trading is gradually stagnant, yarn inventory has dropped to a temporary low point, and the pressure on yarn factories has eased. The start-up of yarn enterprises has significantly decreased. Some enterprises plan to have a holiday in early February, while others plan to start around December 28th. After the new year, the start-up time will be concentrated after the eighth day of the first lunar month in Fujian. Due to rainy and snowy weather in many parts of the country in the coming week, some textile enterprises have not yet reached a unified holiday time, but many workers have returned home, resulting in a shutdown rate of 25%. The operating rate of large yarn factories is basically stable, with an average of 80% to 90% in Xinjiang and around 80-90% in Henan. The average operating rate of large yarn factories in the Yangtze River regions of Jiangsu, Zhejiang, Shandong, and Anhui is 80-90%.

Textile companies offer less, with the mainstream T32S ring spinning in the Jiangsu and Zhejiang regions at around 11800 tons, the mainstream of 50S at around 15450 yuan/ton, and the mainstream of 32S at around 10500 yuan/ton. The mainstream price for Fujian Changle T32S is 13000 yuan/ton.

Polyester cotton yarn is gradually coming to an end, with low trading volume. The price of polyester cotton yarn in Shandong region is stable. The mainstream price for ring spinning TC65/35 32S is 15800-16500 yuan/ton including tax for short delivery, while CVC60/40 32S is priced at 19200-19700 yuan/ton. The reference price for T/C 65/35 32S centers in the Jiangsu and Zhejiang regions is 16550 yuan/ton.

Market forecast: In the near future, downstream textile factories will begin to experience regional holidays, and there will be more shutdowns of textile and dyeing factories in the Jiangsu and Zhejiang markets, such as Shaoxing, with yarn shipments gradually stopping. At the end of January, the operating rate of the yarn factory accelerated its decline, orders came to an end, trading was light, and logistics basically stopped. The yarn price is running steadily, and the pre holiday market has basically ended. According to analysts from Business Society, overall, with the arrival of the Spring Festival next week, the prices of pure polyester and polyester cotton yarn in the market will remain stable, in a state of price without market.