SunSirs--China Commodity Data Group

Sign In

Join Now

Contact Us

Customer
Service
Home > Polyester POY Polyester FDY Polyester DTY News > News Detail
Polyester POY Polyester FDY Polyester DTY News
SunSirs: The Weak Raw Material Side Combined with a Wait-and-see Attitude Had Led to a Decrease in the Price of Polyester Filament This Month
September 02 2024 15:15:33SunSirs(John)

Price trend                               

According to the Commodity Market Analysis System of SunSirs, the domestic price of polyester filament had decreased this month. Under the influence of PTA prices and insufficient terminal demand, the price of polyester filament continued to decline. As of August 30th, the mainstream polyester filament factories in Jiangsu and Zhejiang offer POY (150D/48F) at a price of 7,300-7,600 RMB/ton, polyester DTY (150D/48F low elasticity) at a price of 8,900-9,100 RMB/ton, and polyester FDY (150D/96F) at a price of 7,900-8,100 RMB/ton.

Analysis review                      

In terms of PTA this month, prices had declined, and as entered August, demand and US economic data had fallen short of expectations. Global assets had started recession trading, and the weak fundamentals of polyester raw materials had been amplified by macroeconomic sentiment. In 2024, PTA production capacity continued to show an increasing trend, with existing PTA enterprises expanding significantly and some downstream enterprises expanding their raw material facilities. PTA had fallen below the long-term support level of 5,500 RMB/ton. As of August 29th, the average price of PTA in China was 5,383 RMB/ton, a decrease of more than 7% from the average price of 5,830 RMB/ton in the East China market on August 1st, failing to provide effective cost support for the PET market.

Downstream and end customers had cautious expectations for the future, with a clear wait-and-see attitude. Polyester filament manufacturers were concentrating on offering discounts for shipments, with relatively loose supply of goods and sporadic buying. The spot basis still weakened. Insufficient cost support, coupled with the unwillingness of weaving enterprises to pay, has made polyester filament manufacturers unable to increase prices. As the traditional peak season for textiles approach, sales of autumn and winter clothing will also increase, which will also drive up the entire fabric market. Raw material prices may be boosted to some extent by market demand.

Market outlook

Overall, analysts from SunSirs predict that the traditional peak season is approaching, and for the future market of polyester filament, prices will remain stable with fluctuations and stronger operations.

If you have any questions, please feel free to contact SunSirs with support@SunSirs.com.

Exchange Rate:

8 Industries
Energy
Chemical
Rubber & Plastics
Textile
Non-ferrous Metals
Steel
Building Materials
Agricultural & Sideline Products