Supply and Demand - The supply of direct-spun polyester short fibers remains stable at a utilization rate of 97.5% as of November 21 [3] - Downstream prices for pure polyester yarn and polyester-cotton yarn are maintained, with domestic sales being average and inventory levels stable [4] Pricing and Profitability - As of November 26, the processing fee for short fiber spot prices is around 1,041 CNY/ton, while the processing fees for PF2601 and PF2602 contracts are 984 CNY/ton and 946 CNY/ton respectively [2] - The mainstream trading range for semi-dull 1.4D short fibers is between 6,200 to 6,400 CNY, with factory sales declining and average sales-to-production ratio at 44% as of 3:00 PM [1] Market Outlook - The overall supply and demand for short fibers continues to show a weak trend, with recent processing fees being compressed but still maintaining profitability for short fiber factories [5] - Seasonal weakening of terminal demand is expected in November, leading to limited price drivers for short fibers and a primary focus on fee compression [5]
短纤：供需预期偏弱 短纤加工费压缩为主
Jin Tou Wang·2025-11-27 02:11