SunSirs: Domestic Polyester Filament Prices Fell last Two Week

https://www.chemnet.com   Aug 14,2024

According to the commodity market analysis system of SunSirs, domestic polyester filament prices fell this week. At present, the mainstream polyester filament factories in Jiangsu and Zhejiang offer POY (150D/48F) at 7600-7800 RMB/ton, polyester DTY (150D/48F low elasticity) at 9100-9400 RMB/ton, and polyester FDY (150D/96F) at 8100-8300 RMB/ton.

In early August, polyester factories started a new round of promotions. Compared with the previous price, the price of polyester filament was lowered, with a profit of 100-200 RMB/ton. The increase in inventory pressure of polyester factories is the most important reason for the promotion. The overall inventory of the polyester market is concentrated in 11-24 days. Secondly, in terms of raw materials, the domestic price of PTA has dropped from the highest point of 6110 RMB/ton to the current 5600 RMB/ton, a drop of 510 RMB/ton; the domestic price of ethylene glycol has dropped from the highest point of 4820 RMB/ton to the current 4596 RMB/ton, a drop of 224 RMB/ton. The downward trend of raw material prices has given polyester factories a greater profit margin, which has also prompted polyester factories to cut prices and make concessions.

Overall, the recent market of polyester filament has shown a price reduction, and the future market development will be affected by many factors, including raw material prices, market supply and demand, export situation and policy environment.

If you have any questions, please feel free to contact SunSirs with?support@sunsirs.com.

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