The June 12, 2026 textile commodity price table sends a clear signal: raw material divergence is accelerating. Viscose yarn and cotton posted daily gains of 0.14% and 0.05%, respectively, while raw silk plunged 0.68%, and polyester staple fiber and PTA also weakened. The overall daily average decline of 0.06% seems mild, but the divergence between varieties has widened, reflecting sharp differences in supply-demand logic across different industrial chains.
Viscose Yarn and Cotton: Fragile Stability Under Cost Support
Viscose yarn led gains with a 0.14% rise to 17,850 yuan/ton, up 2.88% year-on-year. Viscose staple fiber prices were flat at 14,060 yuan/ton, up 6.84% year-on-year. This means upstream costs in the viscose chain remain relatively firm, but the viscose yarn price increase is far lower than raw materials, squeezing profit margins. For buyers, the narrow fluctuation of viscose yarn means short-term price risk is manageable, but they should watch for potential catch-up increases in viscose staple fiber.
Cotton edged up 0.05% to 17,350.67 yuan/ton, with a year-on-year increase of 16.85%, the second largest in the table. High cotton prices are mainly supported by global production cut expectations and low domestic inventories. However, downstream cotton yarn 21S and 32S prices were flat, with year-on-year increases of only 5.41% and 4.11%, far below cotton. This "cotton up, yarn flat" pattern indicates that spinning profit margins have been severely eroded, and some small and medium-sized mills may face production cuts or conversion pressure.
Polyester Chain Under Pressure: PTA Up 35% Year-on-Year but Daily Change Turns Negative
The polyester chain was the hardest hit on the day. PTA fell 0.18% to 6,619.08 yuan/ton, and despite a massive 35.62% year-on-year increase, the negative daily change is a warning sign. Polyester staple fiber fell 0.24% to 7,870.61 yuan/ton, up 20.43% year-on-year; polyester FDY fell 0.09% to 9,011.67 yuan/ton, up 21.71% year-on-year. Polyester POY and DTY prices were flat, with year-on-year gains of 18.43% and 15.24%, respectively.
As the upstream of the polyester chain, PTA prices typically lead downstream trends. The daily decline may signal a temporary peak in upstream raw materials. Given that year-on-year increases for polyester filament and staple fiber have both exceeded 20%, high cost pressure on downstream weaving and garment companies is accumulating. If end orders cannot keep up, the polyester chain may face "high cost, low demand" stagflation risks. Exporters should pay close attention to overseas market acceptance of polyester products.
Raw Silk: Biggest Decliner, Down Nearly 8% Year-on-Year
Raw silk fell 0.68% in a single day to 437,400 yuan/ton, with a year-on-year decline of 7.70%, the only variety in the table to fall year-on-year. The persistent weakness in raw silk prices reflects supply-demand imbalance in the sericulture chain. On one hand, global cocoon production recovered in the 2025/26 season, leading to ample supply; on the other hand, demand for high-end silk garments and home textiles has shrunk due to global economic slowdown and weak export orders.
The decline in raw silk prices is a positive for silk processing companies, as lower raw material costs help improve margins. But for upstream silkworm farmers and reeling mills, sustained low prices may reduce breeding intentions in the next quarter, potentially leading to supply contraction. In the long term, raw silk prices may already be near the bottom, but a short-term rebound still requires substantial improvement in demand.
Structural Opportunities Amid Divergence
Looking at the overall data, the textile raw material market presents a three-layer pattern: cotton and viscose stable, polyester weak, and silk falling. The slight upticks in viscose yarn and cotton are more cost-driven than demand-driven; the high-level pullback in the polyester chain indicates limited market acceptance of high prices; the continued decline of raw silk exposes structural challenges in the traditional silk industry.
For textile companies, the current strategy should focus on variety selection and inventory management. Viscose and cotton products are relatively safe in the short term, but watch for upstream raw material catch-ups; polyester products should limit raw material inventory to avoid hoarding at high prices; raw silk can be considered for opportunistic purchasing to lock in low costs.