The spot quotations for polyester FDY 150D/96F semi-dull AA grade exhibited an unusually narrow fluctuation range on June 26, 2026. According to publicly available industry data, the quotation range across major production hubs in Zhejiang Province fell between 8,500 and 8,750 yuan per ton, with the gap between the highest and lowest quotes narrowing to only 250 yuan per ton—a reduction of over 40% compared to the average spread over the past three months. This signal indicates that the supply-demand balance for this specification is tightening in the region, and the scales of upstream-downstream bargaining are tipping subtly.
Price Distribution and Regional Characteristics
Examining specific quotations, Rongsheng Petrochemical and Zhejiang Juxing Chemical Fiber both quoted 8,500 yuan per ton, located in Hangzhou and Shaoxing respectively. Tongkun Group, also in Hangzhou, quoted a higher price of 8,750 yuan per ton. In the Shaoxing area, Tiansheng Chemical Fiber quoted 8,710 yuan per ton, Jiabao Fiber quoted 8,510 yuan per ton, and Kaishi Group quoted 8,650 yuan per ton. Overall, quotations in Shaoxing were slightly lower than in Hangzhou, but the spread between the two has narrowed from 300-500 yuan per ton earlier to just 100-200 yuan per ton.
This narrowing spread is not coincidental. On one hand, Hangzhou, as a hub for leading polyester enterprises, has maintained capacity utilization rates above 90%, limiting supply-side flexibility. On the other hand, small and medium-sized chemical fiber enterprises in Shaoxing have completed maintenance over the past two months, with operating rates recovering and increasing market supply. However, downstream weaving enterprises have not synchronized their procurement pace, instead becoming more cautious due to uncertainties in foreign orders. This interplay between supply and demand has made it difficult for the price center to form a unilateral trend.
Industrial Transmission and Margin Pressure
For upstream polyester plants, the current quotation for the 150D variety is approaching their breakeven line. At a quote of 8,500 yuan per ton, considering raw material costs for PTA and MEG, along with processing fees and depreciation, the per-ton profit for some small and medium plants is less than 200 yuan. This means that once crude oil prices fluctuate or downstream demand weakens further, this variety will be the first to enter a loss-making range.
For downstream weaving enterprises, the current price environment presents both opportunities and challenges. The opportunity lies in the narrowed regional spread, allowing buyers to lock in costs more precisely without incurring additional logistics and time costs for cross-regional arbitrage. The challenge is that if factories continue to pressure prices, it may trigger upstream production cuts, leading to tighter supply later. Therefore, procurement decisions need to shift from simple price comparison to a comprehensive assessment of supply stability.
For foreign trade companies, FDY 150D is a commonly used raw material specification in weaving export orders. The current stability of domestic quotations provides a benchmark for export pricing, but companies must be wary of fluctuations in the renminbi exchange rate and the uncertainty of overseas demand recovery. Some Southeast Asian buyers have already begun requesting longer payment terms, placing higher demands on companies' cash flow management.