Demand for polyester yarn is gradually declining, and with inventory accumulating, industry players are becoming increasingly pessimistic. Some companies have already reduced production ahead of schedule, leading to an overall decrease in operating rates. According to statistics, as of January 15th, the average operating rate of domestic pure polyester yarn enterprises was 70.32%, a decrease of 0.08% compared to the previous period.
Decreased demand for polyester yarn and high inventory levels indicate an oversupply, reinforcing pessimistic market sentiment. Although operating rates have decreased, the reduction is insufficient to effectively alleviate the oversupply pressure. Polyester filament spot prices are expected to fall under pressure.
As an integrated internet platform providing benchmark prices, on January 15th, the benchmark price for 32S polyester yarn, according to SunSirs, was 11,200.00 RMB/ton, unchanged from the beginning of the month.
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).
If you have any inquiries or purchasing needs, please feel free to contact SunSirs with support@sunsirs.com
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