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China First Capital Futures: Raw Material Prices Surge Sharply, Short Fiber and Bottle Flake Futures Prices Rebound After Decline
Last week, some short fiber equipment was restarted, and short fiber load increased week-over-week. However, negative feedback from the terminal appeared, leading to a decline in short fiber production and sales, with inventory rising. Bottle chip factories mainly maintained their prices, and market trading has softened. But under geopolitical influences, polyester raw material prices surged significantly. In the short term, short fiber and bottle chip futures are expected to follow cost fluctuations mainly. (First Capital Futures)