Insufficient cost support, polyester filament manufacturers concentrate on offering discounts for shipment

According to the Commodity Market Analysis System of Shengyi Society, the price of domestic polyester filament decreased at the end of the month. Currently, the mainstream polyester filament factories in Jiangsu and Zhejiang offer POY (150D/48F) at a price of 7300-7600 yuan/ton, polyester DTY (150D/48F low elasticity) at a price of 8900-9100 yuan/ton, and polyester FDY (150D/96F) at a price of 7900-8100 yuan/ton.

 

Thiourea

Downstream and end customers have cautious expectations for the future, with a clear wait-and-see attitude. Polyester filament manufacturers are concentrating on offering discounts for shipments, while downstream users are buying at low prices. Today, downstream enterprises have basically completed inventory replenishment.

 

In terms of raw materials, as we entered August, demand and US economic data fell short of expectations, leading to global asset recession trading. The weak fundamentals of polyester raw materials were amplified by macroeconomic sentiment, with PX hitting a new low since its listing and PTA falling below the long-term support level of 5500 yuan/ton.

 

Overall, the recent market trend of polyester filament has shown a downward adjustment in prices, and the future development of the market will be influenced by various factors, including raw material prices, market supply and demand, export situation, and policy environment.

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