ShouChuang Futures: Raw material prices surge significantly, short fiber and bottle chip futures continue to rebound

Some short-fiber facilities restarted this week. Short-fiber demand increased month-over-month, but negative feedback from downstream became apparent. Short-fiber production and sales fell, and inventory increased. Bottle-flake factories mainly hold prices firm, and market trading became somewhat dull. The geopolitical risk premium rose again; polyester feedstock prices surged significantly. It is expected that in the near term, short-fiber and bottle-flake futures prices will mainly fluctuate along with the cost side. (China First Futures)

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