A price difference of 250 yuan per ton between 8,500 yuan and 8,750 yuan is not uncommon in the polyester FDY (150D/96F) spot market, but the quotation data on June 26, 2026, reveals unusual signals. Rongsheng Petrochemical and Zhejiang Juxing Chemical Fiber both quoted 8,500 yuan per ton, while Tongkun Group reported 8,750 yuan per ton, a high for the year. Such a clear price divergence among different chemical fiber enterprises in Zhejiang for the same specification and grade of FDY products indicates that the supply-demand balance in the polyester chain is subtly tilting.
Industrial Logic Behind Price Divergence From the data, all six companies in this quotation are located in Zhejiang Province, but with slight geographical differences: Rongsheng Petrochemical and Tongkun Group are in Hangzhou, Zhejiang Juxing Chemical Fiber and Zhejiang Jiabao New Fiber are in Shaoxing, Zhejiang Tiansheng Chemical Fiber is also in Shaoxing, and Hangzhou Kaisi Chemical Fiber is in Hangzhou. The quotation range in Hangzhou is 8,500 to 8,750 yuan per ton, while in Shaoxing it is 8,500 to 8,710 yuan per ton. On the surface, the price difference is larger in Hangzhou, but deeper analysis reveals that this difference is not simply due to regional factors.
Tongkun Group, one of the largest polyester filament yarn producers in China, sets a benchmark with its 8,750 yuan per ton quotation. In contrast, Rongsheng's 8,500 yuan per ton quotation is closer to the market bottom. This price gap reflects differences in cost control, inventory management, and sales strategies among enterprises. For downstream weaving companies, this means the optional space for procurement costs is expanding, but it also increases decision-making difficulty.
Dilemma of Upstream Cost and Downstream Demand Transmission The main raw materials for polyester FDY are PTA and MEG. Recently, PTA prices have been narrowly fluctuating under the influence of international crude oil volatility. Meanwhile, the operating rate of downstream weaving companies did not see the expected peak season increase in June but instead declined due to weak terminal apparel orders. This supply-demand mismatch between upstream and downstream is directly reflected in the spot quotations of FDY.
From an industrial belt perspective, Zhejiang, as China's largest chemical fiber production base, often leads the national price trend. The coexistence of low prices at 8,500 yuan per ton and high prices at 8,750 yuan per ton in this quotation indicates that the market has not formed a unified bullish or bearish expectation. For buyers, this represents both an opportunity window and a risk window—low-price procurement may offer cost advantages, but if prices continue to fall, there is a risk of inventory depreciation.
Increased Uncertainty in Foreign Trade Orders For foreign trade companies, the divergence in FDY prices means increased flexibility in export quotations, but they also need to be wary of exchange rate fluctuations and changes in shipping costs. Currently, the RMB exchange rate remains around 7.2 against the US dollar, while shipping rates have rebounded after a brief decline. These external factors, combined with FDY's own price volatility, make profit margins for foreign trade orders difficult to predict.
Notably, the FDY products in this quotation are all semi-dull, AA grade, which are conventional specifications. These products are typically used to produce imitation silk fabrics, oxford cloth, etc., and the downstream demand comes mainly from apparel and home textiles. If end-consumer demand continues to weaken, FDY prices may face further downward pressure.