With costs remaining at elevated levels and downstream demand yet to show any substantial improvement, enterprises have become less inclined to build up inventory; consequently, the overall trading atmosphere in the market remains relatively subdued. According to statistics, as of March 26, polyester yarn manufacturers held an average raw material inventory sufficient for 8.05 days of production—a month-on-month decrease of 0.06 days.

Analysis and Commentary

While costs remained elevated, downstream demand had not seen any substantial improvement; consequently, enterprises had scaled back their restocking efforts, resulting in a subdued market trading atmosphere. The raw material inventory days for polyester yarn manufacturers declined by 0.06 days month-on-month, settling at 8.05 days. This indicates persistently weak demand and a potential relative oversupply in the spot market, placing downward pressure on prices. Given the pronounced—though not yet extreme—weakness on the demand side, spot prices are likely to experience a slight decline in the short term.

As an integrated internet platform providing benchmark prices, on March 27, the benchmark price for 32S polyester yarn, as reported by SunSirs, stood at 12,600.00 RMB/ton—an increase of 11.83% compared to the beginning of the month (11,266.67 RMB/ton).

Application of SunSirs Benchmark Pricing：

Traders can price spot and contract transactions based on the pricing principle of agreed markup and pricing formula (Transaction price=SunSirs price + Markup).

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