SunSirs: Inventory Pressure Eased and Polyester Filament Prices Rose Partially on Augut 11th

Price trend

The commodity market analysis system of SunSirs shows that the center of polyester filament prices has been partially raised. As of August 11, the mainstream polyester filament factories in Jiangsu and Zhejiang Province quoted POY (150D/48F) at 6,600-6,800 RMB/ton, polyester DTY (150D/48F low elasticity) at 7,800-8,050 RMB/ton, and polyester FDY (150D/96F) at 6,900-7,200 RMB/ton.

Analysis review

Polyester filament mills saw a rebound in production and sales over the weekend, easing inventory pressure (factory inventory increased 8.84% week-over-week to 19.7 days), prompting manufacturers to tentatively raise prices. August, approaching the traditional textile peak season, saw a month-over-month rebound in transactions at downstream textile cities (with raw material prices in the Keqiao Textile Index rising 1.15% month-over-month), boosting market confidence. Major companies were showing strong willingness to jointly cut production to restore profits, supporting price stability. On the demand side, weaving utilization rates remained at 55.75%, while raw material inventory levels remained at 9.39 days, although autumn fabric orders have begun to increase slightly.

Market outlook

SunSirs believes the market is in a tug-of-war between weak realities and strong expectations, and is expected to remain stable but slightly stronger. Crude oil volatility has narrowed (Brent is $66.59 per barrel), weakening the impact of costs. If downstream stocking for the "Golden September and Silver October" season begins, polyester filament prices may see a slight upward trend.

If you have any inquiries or purchasing needs, please feel free to contact SunSirs with support@sunsirs.com.