According to the Commodity Market Analysis System of Shengyi Society, the price of polyester filament fell and rebounded in July. As of July 31st, the mainstream polyester filament factories in Jiangsu and Zhejiang, POY (150D/48F), quoted at 6600-6800 yuan/ton, polyester DTY (150D/48F low elasticity) at 7800-8050 yuan/ton, and polyester FDY (150D/96F) at 6900-7200 yuan/ton.

price trend
In the first half of July, the production and sales of polyester filament remained at 30-50%. The effect of enterprises offering discounts on shipments was not good, and inventory continued to increase while prices declined. In the middle and late of the month, downstream users concentrated on replenishing warehouses, resulting in increased production and sales. The effect of enterprises reducing inventory was good, and the focus of transactions fluctuated upwards.
Cost end
The price of raw materials has a significant impact on polyester filament. In the first half of the month, the narrow range fluctuation support of crude oil was limited. As of July 30th, the average price of PTA market in East China was 4889 yuan/ton, a decrease of 3.79% from the beginning of the month.
Supply and demand side
In terms of supply, the leading polyester filament production enterprises implemented production cuts in July, and coupled with the pressure of inventory in the early stage, the subsequent operating load of the enterprises is expected to continue to decrease, which has eased the supply pressure to some extent. In terms of demand, in the first half of the year, the effect of companies offering discounts on shipments was poor, cash flow was compressed, and manufacturers began to sell at low prices, resulting in relatively firm quotes. Starting from the middle of the month, although July is generally in the off-season, the concentrated replenishment behavior downstream has led to an increase in production and sales of polyester filament, a decrease in inventory, and an increase in prices. The effect of enterprise destocking has been good, and the willingness to support the market has increased, which has also played a driving role in the price increase.
Future forecast
According to Business News, under the atmosphere of macroeconomic sentiment recovery at the end of the month, the buying sentiment was stimulated, and the demand side increased slightly, causing prices to fluctuate upwards. In the medium to long term, price recovery needs to wait for peak season orders to be fulfilled and tariff risks to become clear,