Upstream Feedstock Prices Rapidly Rose for A Short Period in Early-October And Then Started Falling

Upstream feedstock prices rapidly rose for a short period in early-October and then started falling. Price of PFY was lower than the early-low in end-September by end-November. The downstream sector generally feels that polyester filament yarn prices are currently at a historically low level, but there are some differences in their willingness to stock up for the upcoming New Year. Some business owners in the downstream industry express a desire to stock up on more goods before the holiday or believe that maintaining a reasonable level of finished product inventory is not a big issue. Some hold cautious mindset in the market status next year, especially regarding the trend of oil prices and the uncertainty about the escalation of the trade war brought about by Trump after taking office. Some feel that the potential returns from stocking up on raw materials are small and are reluctant to accumulate inventory, preferring to wait and see after the holiday.