The public quotation for polyester FDY (150D/96F semi-dull) on June 26, 2026, ranged from 8,500 to 8,750 yuan per ton among six major producers in Zhejiang Province, revealing a clear divergence. This spread is not accidental but a direct reflection of the current supply-demand imbalance in the chemical fiber industry chain.
Structural Factors Behind Price Divergence
Looking at the quotation distribution, Rongsheng Petrochemical and Zhejiang Juxing Chemical Fiber led with a low price of 8,500 yuan/ton, while Tongkun Group reported the highest at 8,750 yuan/ton, a spread of 250 yuan. Zhejiang Tiansheng Chemical Fiber quoted 8,710 yuan/ton, in the mid-to-high range. This divergence is not simply a matter of enterprise scale—both Rongsheng and Tongkun are industry leaders, yet their prices differ by 250 yuan.
The key variable lies in each company's inventory cycle and raw material procurement pace. National Bureau of Statistics data shows that PTA prices fluctuated more in Q2 2026, with the monthly average falling about 3% in June. When raw material costs decline, companies with high inventories tend to cut prices to destock, while those with ample raw material reserves can maintain higher prices. Tiansheng's higher quotation suggests stronger cost control.
Lagging Effects of Downstream Demand
The 150D/96F FDY specification is mainly used in garment fabrics and industrial textiles. Industry data indicates that weaving mill operating rates hovered between 65% and 70% in H1 2026, 5 percentage points lower year-on-year. Slowing garment export growth has dampened intermediate inventory buildup.
This weak demand is reflected in pricing: small and medium-sized chemical fiber producers like Juxing and JiaBao Fiber (quoted at 8,510 yuan/ton) are forced to adopt low-price strategies to compete for orders, while Tongkun maintains high prices due to brand premium and long-term contracts. However, whether the 8,750 yuan/ton level is sustainable depends on downstream restocking in July.
Ripple Effects Across Regional Industrial Clusters
As Zhejiang Province is the main production area for polyester FDY, price differences between Hangzhou and Shaoxing also reflect regional logistics and customer structures. Shaoxing, home to the China Textile City, concentrates many small and medium weaving enterprises that are more price-sensitive. Juxing and JiaBao, located in Shaoxing, adopt low-price strategies to match local buying habits.
In contrast, Hangzhou-based Tongkun and Rongsheng cater more to large textile groups and export orders, with stronger customer loyalty and greater pricing flexibility. This regional divergence may intensify over the next month; if PTA continues to weaken, the Shaoxing low-price zone could drop to 8,400 yuan/ton.