With shipping conditions continuing to improve and major oil producers—including Iraq—planning to accelerate output increases, international oil prices have fallen, driving down costs significantly; coupled with limited follow-through on corporate orders, quotes for polyester yarn have continued to decline, and actual transactions remain subject to individual negotiation. Currently, the ex-factory price for T32S polyester yarn in the Changle market has dropped by 200 RMB/ton to 11,500 RMB/ton, while the transaction price for vortex-spun T30S polyester yarn has fallen by 100 RMB/ton to 11,400 RMB/ton (ex-factory).

Analysis and Commentary

Polyester Yarn

Regarding the spot market, a drop in international oil prices has driven a significant decline in upstream costs; meanwhile, downstream order intake remains limited, leading to continued downward adjustments in polyester yarn quotes. In the Changle market, the ex-factory price of T32S polyester yarn fell by 200 RMB/ton to 11,500 RMB/ton, while the ex-factory price of vortex-spun T30S polyester yarn dropped by 100 RMB/ton to 11,400 RMB/ton. With spot prices under pressure, the overall market outlook is moderately bearish.

Polyester Staple Fiber

As an upstream raw material for polyester yarn, polyester staple fiber faces downward pressure on costs due to falling international oil prices, while demand is constrained by insufficient downstream orders and lowered price quotes. On June 24, the settlement price for the dominant 2609 contract on the Zhengzhou Commodity Exchange closed at 7,110 RMB/ton, down 54 RMB/ton from the previous trading day; with both futures and spot prices under pressure, the overall market outlook is moderately bearish.

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