Chemical Fiber Market 'Steady with Minor Adjustments': Industry Signals Behind Tightened FDY 150D Quotation Range

On June 26, the public quotation range for polyester FDY 150D/96F semi-dull AA grade products was locked between 8,500 RMB/ton and 8,750 RMB/ton, a spread of only 250 RMB. This narrow fluctuation is no coincidence; it is a typical signal of deep stalemate in the upstream-downstream game within the chemical fiber industry chain.

Price 'Monolithic Block': Pricing Consensus in Regional Clusters

From the quotation distribution, Zhejiang Province dominates, with six major enterprises including Rongsheng Petrochemical, Tongkun Group, and Zhejiang Juxing Chemical Fiber all located in the province, covering the two major industrial clusters of Hangzhou and Shaoxing. Notably, Rongsheng and Zhejiang Juxing both quoted 8,500 RMB/ton, at the lower end of the range, while Zhejiang Tiansheng Chemical Fiber quoted 8,710 RMB/ton, slightly above the middle. Notably, industry leader Tongkun Group quoted 8,750 RMB/ton, the highest in the range, yet the gap from the lowest quote is only 250 RMB, indicating a convergence in pricing strategy among leading enterprises.

This highly concentrated quotation range means there is neither strong upward momentum nor a need for deep price cuts in the current market. For buyers, this implies limited short-term price fluctuation risk but also minimal room for negotiation.

Supply-Demand Stalemate: Capacity Release vs. Weak Demand

From industry public data, polyester FDY 150D, as a conventional product, often reflects the overall supply-demand balance of the chemical fiber market. The current narrow quotation oscillation is driven by two opposing forces: on one hand, the polyester chain maintains high operating rates, especially in Zhejiang's large integrated refining-chemical enterprises (e.g., Rongsheng), which have stable raw material supply and ongoing capacity release pressure; on the other hand, downstream weaving and garment enterprises face sluggish order growth, particularly in export markets affected by global trade uncertainties, leading to conservative procurement intentions.

This 'strong supply, weak demand' pattern prevents prices from breaking upward, while cost-side support from PTA and MEG limits downside room. Ultimately, the market settles into a 'fragile balance' within the narrow band of 8,500-8,750 RMB/ton.

Enterprise Differentiation: Capacity Strategy Reflected in Quotations

Despite the overall narrowing of the quotation range, different enterprises' quotes still reflect their market positioning and capacity strategies. The higher quotes from Tongkun and Tiansheng are linked to their competitive advantages in differentiated fibers and high-end markets; the lower quotes from Rongsheng and Juxing may stem from cost advantages due to large-scale capacity. Quotes from Zhejiang Jiabao New Fiber (8,510 RMB/ton) and Hangzhou Kaisi Group (8,650 RMB/ton) sit in the middle, showing a follow-the-leader strategy among mid-sized firms.

For foreign trade enterprises, this price differentiation means better sourcing opportunities through comparison, but they must be cautious about potential quality or delivery cycle risks associated with lower-priced suppliers.

Practical Recommendations

For Buyers - The current price range is near the year's low; it is advisable for just-in-demand buyers to build positions in batches based on monthly needs to avoid production disruptions from short-term fluctuations. - Focus on supply sources in Hangzhou and Shaoxing, Zhejiang, where logistics costs are lower and quotation transparency is high, facilitating horizontal price comparison. - For higher-priced suppliers like Tongkun and Tiansheng, negotiate long-term contract discounts to leverage their quality stability against cost.

For Foreign Trade Enterprises - Given the minimal price fluctuation, offer overseas clients a 'fixed price plus floating freight' model to lock in raw material costs and hedge against exchange rate and logistics risks. - Consider directing procurement orders toward lower-priced suppliers like Rongsheng and Juxing, but verify their capacity to meet FOB delivery requirements for export orders. - Monitor inventory turnover at mid-sized firms like Zhejiang Jiabao New Fiber; if they accumulate stock, they may release lower quotes before month-end, providing an opportunity for additional purchases.