On August 12th, the benchmark price of polyester staple fiber in SunSirs was 7660.00 RMB/ton, a decrease of -1.08% compared to the beginning of this month (7743.33 RMB/ton).
A polyester staple fiber factory in Jiangyin will reduce production by 100 tons/day from today, mainly reducing cotton products.
A polyester staple fiber factory in Fujian Province plans to reduce production by 70000 tons per year from mid September 2024 for a period of 20 days.
On August 12th, the domestic polyester staple fiber market in East China remained stable, with mainstream factory prices ranging from 7600-7700 RMB/ton and narrow fluctuations in trader prices. Cost support is limited, downstream demand for essential purchases is maintained, and the focus of transactions is recovering.
On August 12th, the domestic polyester staple fiber market in North China remained stable, with mainstream factories offering prices ranging from 7600-7700 RMB/ton, and some manufacturers increasing production cuts to support prices. The price of raw materials fluctuates narrowly, with limited cost support and downstream on-demand procurement, resulting in few transactions.
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