According to the commodity market analysis system of Shengyi Society, the overall price trend of polyester filament today is stable, with flexible transactions in some varieties. Some enterprises have promoted production and sales rates through promotional activities, but downstream procurement is still mainly based on essential needs. As of May 26th, the mainstream polyester filament factories in Jiangsu and Zhejiang offer POY (150D/48F) at a price range of 6950-7200 yuan/ton, polyester DTY (150D/48F low elasticity) at a price range of 8000-8400 yuan/ton, and polyester FDY (150D/96F) at a price range of 7300-7400 yuan/ton.
| Gamma-PGA (gamma polyglutamic acid) |
Cost factor: Recently, the international oil price is expected to recover due to geopolitical reasons (such as the Russia-Ukraine conflict) and the travel demand in summer, driving the cost recovery of the polyester industry chain. After the release of domestic PX production capacity, prices gradually stabilized, and polymerization costs remained above 5000 yuan/ton, providing support for the price of polyester filament. Recently, PTA prices have fluctuated strongly, but weak downstream demand has led to poor cost transmission and limited profit margins for enterprises.
Supply and demand factors: From a supply perspective, some polyester factories have plans to reduce production, while the three major filament factories have decided to implement production cuts for loss making varieties, reducing market supply and providing some support for prices. From the perspective of demand, the domestic textile industry’s replenishment cycle has started, and the demand for varieties such as cotton yarn and polyester viscose yarn has rebounded, driving the consumption of polyester filament.
Macro factors: The central bank’s reserve requirement ratio and interest rate cuts, as well as consumer stimulus policies, have increased corporate liquidity. The expected retail growth rate of consumer goods in 2025 is 5.5%, and the domestic demand market is expected to improve. The US tariff policy and Pakistan’s anti-dumping investigation have put pressure on exports, but the decrease in shipping costs may alleviate some of the export pressure.
Business Society predicts that downstream textile enterprises will mainly focus on purchasing goods for immediate needs, while the polyester filament market will have light trading and average production and sales. However, in the short term, against the backdrop of cost support and tight supply, it is expected that the price of polyester filament will maintain a narrow range of fluctuations, or remain stable and slightly strong.
| http://www.lubonchem.com/ |