The trend of raw materials still plays a significant role

there is no doubt that the trend of raw materials still plays a significant role. Cotton price will fall back later as downstream uses non-cotton fibers increasingly which is also the reason why cotton-contained yarns are sold stagnantly. VSF remains dipping and rayon yarn also meets tough sales. Direct-spun PSF price has great influences on the sales of polyester yarn, but after this round of destocking, polyester yarn will be less sensitive to it. As a result, downstream weavers may change their mind and accept polyester yarn above 11,500yuan/mt.