Polyester DTY Price Dips Below 9,300 Yuan: Short-Term Spot Market Gaming in Melt-Spun Low-Elasticity Yarn

On July 3, 2026, Kaishi Group, a major Chinese chemical fiber producer, adjusted its spot price for polyester DTY (specification 150D/48F, melt-spun, AA grade, semi-dull low-elasticity) to 9,300 yuan per ton. This figure is slightly below the previous day's benchmark of 9,318.75 yuan published by Shengyishe, and also lower than the average market price on July 1 and July 2. The quotation is valid for seven days, meaning it will serve as the reference for spot transactions over the coming week.

Price Signal Interpretation

The 9,300 yuan/ton quote is not an isolated event. From a time-series perspective, the benchmark price for polyester DTY remained stable at 9,318.75 yuan/ton from July 1 to July 2, while Kaishi Group proactively lowered its offer by about 0.2% on the 3rd. This minor adjustment, on the surface a single enterprise's pricing decision, actually reflects inventory pressure and cash flow management needs in the mid-upper reaches of the chemical fiber chain during the off-season. Melt-spun DTY, due to its concentrated capacity and continuous production characteristics, is more sensitive to price fluctuations than chip-spun varieties. As one of the most widely used conventional specifications in weaving, the price movement of 150D/48F directly impacts the operating rate decisions of water-jet looms and warp knitting machines in hubs like Shengze, Changxing, and Fujian.

It is worth noting that the current quote applies to AA-grade premium, semi-dull low-elasticity products. This category is primarily used downstream for imitation memory fabrics, linings, and some home textile warp and weft materials. For grey fabric mills, a price reduction means marginal improvement in raw material costs, but it may also reinforce a 'wait-and-see' sentiment in the market, as buyers tend to postpone purchases when prices fall.

Industrial Impact and Upstream-Downstream Transmission

From the upstream PTA and MEG perspective, cost-side support has been limited recently, with overall polyester plant sales-to-output ratios hovering at 60-70% and inventory days rising. As a major melt-spun direct spinning plant, Kaishi Group's price adjustments often serve as a bellwether. If other mainstream suppliers such as Xinfengming and Tongkun follow suit, it could trigger a phased bottoming of DTY spot prices. Conversely, if this is merely an individual company's destocking move, the 9,300 yuan/ton level may become a short-term support.

For downstream weaving enterprises, July is the traditional off-season, with terminal apparel orders entering a lull and grey fabric inventories generally high. With raw material prices softening, buyers tend to adopt a 'just-in-time' procurement strategy to minimize inventory, rather than bulk stockpiling. This 'short and fast' purchasing rhythm in turn suppresses the potential for DTY price recovery.

From a regional industrial belt perspective, draw-texturing plants in Xiaoshan and Shaoxing, Zhejiang, have begun adjusting operating rates, with some small-scale plants voluntarily cutting production due to squeezed profit margins. DTY traders in the Shengze market generally remain cautious, with quotes moving down in line with factory prices, but actual transactions often involve a 50-100 yuan/ton negotiation margin.

Practical Recommendations

For Buyers - Monitor whether major mills follow the price cut within seven days. If 9,300 yuan/ton becomes the industry average, consider moderately increasing raw material inventory by about one week to lock in the current low price. - For the 150D/48F specification, prioritize melt-spun AA-grade products, as their dyeing uniformity and strength indicators are superior to chip-spun grades, suitable for grey fabric orders with high quality requirements. - Avoid signing long-term fixed-price contracts during rapid price declines. Instead, adopt a procurement model combining 'weekly floating price + floor price'.

For Foreign Trade Enterprises - The current DTY price is at a relatively low point for the year. Proactively communicate the expectation of lower raw material costs with overseas clients to gain a quoting advantage for autumn orders. - Monitor the combined impact of RMB exchange rate fluctuations on export competitiveness. If raw material price cuts coincide with RMB depreciation, it would create a double positive for grey fabric exports priced in USD. - Maintain flexibility in DTY export quotes to Southeast Asian markets (Vietnam, Bangladesh), as local weaving mills are also waiting for Chinese raw material prices to stabilize.