Over the past few days, trading activity for polyester filament products in the Qianqing Raw Material Market of China Textile City in Shaoxing has remained sluggish. The overall market price has been under pressure due to weak transaction volumes. This downturn is largely attributed to the continued rise in polyester raw material costs, which has led to a decline in downstream demand. Fabric weaving and yarn businesses have seen a significant drop in orders, particularly as cotton fiber prices have pushed up the cost of polyester fabrics, but these increased costs have not been widely accepted by buyers. As a result, weaving enterprises have reduced their operations, further pressuring the final pricing of polyester products.
Recently, the price of FDY regular varieties, such as 75D/36F from Jiangsu Yizheng's top-grade products, has dropped sharply. It fell from around 18,600 yuan per ton to 17,700 yuan per ton in just a few days, marking a decrease of nearly 1,000 yuan per ton. Similarly, the 100D/72F product, produced by Shaoxing Far East, Shaoxing Vertical & Horizontal, and Jiangsu Yizheng, saw its asking price fall from 18,000 yuan per ton last week to as low as 15,800 yuan per ton recently, with some offers even below 15,500 yuan per ton — a drop of over 2,200 yuan per ton. Some products have fallen by more than 2,300 yuan per ton.
For the 150D/96F category, including products from Zhejiang Hengyi, Hangzhou Rongsheng, Tongxiang Fengming, Shaoxing Givin, and Shaoxing Far East, the asking prices have also declined significantly. The highest asking price has dropped below 14,000 yuan per ton, while the lowest is now under 13,800 yuan per ton. Compared to just a few days ago, this represents a drop of approximately 1,900 yuan per ton, with some products falling by as much as 2,300 yuan per ton.
The ongoing downward trend in prices reflects a broader slowdown in the polyester filament market, driven by weak demand and oversupply concerns. Buyers are becoming increasingly cautious, and sellers are forced to lower prices to attract interest. This situation is expected to persist unless there is a noticeable improvement in downstream demand or a shift in market sentiment.
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