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Shouchuang Futures: Raw material prices decline, and short fiber and bottle chip futures weaken accordingly.
Last week, some staple fiber plants restarted. Staple fiber load increased month-over-month, but negative downstream feedback emerged at the end markets, causing staple fiber production and sales to fall and inventories to rise. Bottle preform factories mainly held their prices, and market trading became somewhat more sluggish. The geopolitical risk premium fell, polyester feedstock prices dropped sharply, and it is expected that in the near term, prices for staple fiber and bottle preforms will mainly move in line with cost-side fluctuations. (Shouchuang Futures)