For several days, the trading volume of polyester filament products in Qianqing Raw Material Market, part of China Textile City in Shaoxing, has remained sluggish. The overall market price has been under pressure due to weak transaction activities. The continued rise in polyester prices has led to a decline in downstream demand, with fabric weaving and yarn businesses experiencing a significant drop in orders. Particularly, the impact of cotton fiber price fluctuations has caused downstream polyester fabric producers to struggle with passing on increased costs, resulting in limited acceptance from buyers. This has led to insufficient orders for weaving enterprises, making it difficult for polyester prices to remain stable over the long term.
Recently, the price of FDY regular main varieties, such as 75D/36F from Jiangsu Yizheng's top-grade products, has dropped sharply. It fell from around 18,600 yuan/ton to 17,700 yuan/ton in just a few days, marking a decrease of nearly 1,000 yuan/ton. Similarly, the 100D/72F variety, including products from Shaoxing Far East, Shaoxing Vertical & Horizontal, and Jiangsu Yizheng, saw its asking price fall from 18,000 yuan/ton last week to as low as 15,800 yuan/ton recently, with some offers even below 15,500 yuan/ton—a drop of more than 2,200 yuan/ton. Some products have seen a decline of over 2,300 yuan/ton.
In addition, the 150D/96F category, including products from Zhejiang Hengyi, Hangzhou Rongsheng, Tongxiang Fengming, Shaoxing Givemore, and Shaoxing Far East, has also witnessed a sharp price drop. The highest asking price for these products has fallen below 14,000 yuan/ton, while the lowest is now under 13,800 yuan/ton. Compared to a few days ago, the price has declined by approximately 1,900 yuan/ton, with some cases seeing drops of up to 2,300 yuan/ton.
Overall, the market remains bearish, with sellers struggling to maintain pricing power amid weak demand and increasing price competition. Buyers are showing hesitation, waiting for further downward movement before committing to purchases. This trend is expected to continue unless there is a significant shift in demand or supply dynamics.
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