Price trend
On April 8, prices for polyester filament remained broadly stable. Downstream sentiment regarding production and sales showed some signs of recovery in response to macroeconomic news; however, demand remained cautious in light of high price levels.
Price Benchmarks: According to data from SunSirs, the benchmark price for Polyester DTY stood at 10,612.50 RMB/ton, remaining largely unchanged from the previous day. Mainstream quotes for Polyester POY 150D/48F ranged from approximately 9,000 to 9,500 RMB/ton, while mainstream quotes for Polyester FDY 150D/48F ranged from approximately 9,300 to 9,600 RMB/ton.
Market Performance: During the morning session, influenced by news of a ceasefire in the Middle East, crude oil prices retreated sharply. Consequently, raw materials such as PTA and MEG weakened, prompting most filament manufacturers to maintain stable pricing while adopting a wait-and-see stance. Some traders offered a window to sell at original prices to facilitate inventory replenishment; prices are expected to continue trending upward tomorrow.
Key Indicators: The Polyester Index ranged between 2,083 and 2,127 points. Last week, the production-to-sales ratio stood at a mere 10–20%, leading to some inventory accumulation; downstream market participants' "fear of high prices" has not yet fully subsided.
Influencing Factors
Cost Side: Upstream PTA and MEG prices had retreated in tandem with crude oil, resulting in a slight easing of cost pressures.
Demand Side: End-use weaving enterprises were primarily focused on small-batch replenishment orders; large-scale orders remain weak, and there was insufficient momentum to sustain further price increases.
Market outlook
In the short term, the market is exhibiting a pattern of high-level volatility; in the medium term, a return to lower price levels appears unlikely. Should oil prices stabilize or demand recover, prices are expected to undergo a corrective upward adjustment.
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