First-mover Research: Raw material prices stop falling and rebound, with short fiber and bottle chip futures prices rising accordingly

According to the latest research, raw material prices have stopped falling and rebounded, leading to an increase in the futures prices of staple fiber and bottle flakes.
Last week, some staple fiber facilities resumed operations, resulting in a week-on-week increase in staple fiber utilization. However, negative feedback from the end market has emerged, causing a decline in the production and sales of staple fiber and an increase in inventory. Bottle flake factories are mainly focused on maintaining prices, and market trading has somewhat cooled. The geopolitical risk premium has decreased, and the prices of polyester raw materials are fluctuating at high levels. It is expected that in the short term, the futures prices of staple fiber and bottle flakes will primarily follow the fluctuations of the cost side.

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