On July 8, 2026, polyester FDY (150D/96F semi-dull) prices from major Zhejiang producers ranged from 8,110 to 8,450 CNY/ton, a spread of 340 CNY/ton. This divergence is not random volatility but a microcosm of intensified competition within the industrial cluster.

Industry Logic Behind Price Divergence

On that day, Jiabao Fiber offered the lowest price at 8,110 CNY/ton, while Tongkun Group quoted the highest at 8,450 CNY/ton. Rongsheng Petrochemical, Juxing Chemical, Kaishi Group, and Tiansheng Chemical reported 8,300 CNY/ton, 8,250 CNY/ton, 8,350 CNY/ton, and 8,310 CNY/ton respectively. All these companies are located within a 150-kilometer radius in Zhejiang's core chemical fiber belt, yet their pricing strategies differ significantly.

What does this divergence mean? First, amid overcapacity, companies no longer price uniformly based on PTA feedstock fluctuations but adjust flexibly according to their own inventory turnover, customer payment terms, and capacity utilization. Jiabao's low-price strategy likely aims to quickly destock or grab orders from small and medium weaving mills, while Tongkun's high price reflects its brand premium and long-term contract stickiness.

Transmission to Downstream Weaving and Fabric Mills

For buyers, a 340 CNY/ton spread means a cost difference of over 4% per ton. A medium-sized weaving mill consuming 100 tons per month could see monthly cost variation of 34,000 CNY by choosing different suppliers. However, low-price sources often come with stricter payment terms or shorter credit periods, and the AA-grade quality standard may be compromised.

From a supply chain perspective, FDY price divergence will exacerbate profit volatility in the weaving segment. If raw material costs can be compressed through low-price procurement, fabric mills can gain a 2-3% gross margin advantage when finalizing orders; conversely, buying at high prices without corresponding order price increases may directly squeeze margins.

Short-Term Price Expectations and Operational Recommendations

Industry data shows the polyester FDY operating rate is around 78-82%, with inventory days of 15-20, indicating a generally loose supply-demand balance. Over the next month, the price divergence in Zhejiang's industrial belt is expected to persist, with the spread likely remaining between 300 and 500 CNY/ton.

For Buyers - Establish a multi-supplier comparison mechanism, focusing on quality inspection reports from low-price suppliers like Jiabao and Juxing to ensure breaking strength and dyeing uniformity meet standards. - Allocate 20-30% of monthly procurement volume to low-price suppliers while maintaining long-term contracts for the rest, balancing cost and supply stability. - Monitor PTA price trends; if PTA falls below 5,500 CNY/ton, FDY prices may drop further, allowing delayed large-volume purchases.

For Foreign Trade Companies - When quoting export fabric prices, use the midpoint FDY cost of 8,250 CNY/ton and build in a 5% buffer for raw material price fluctuations. - Emphasize the supply chain flexibility of Zhejiang's industrial cluster to European clients, noting that price divergence enables rapid adjustment of raw material structure and shortened lead times. - Beware of potential color deviation or shrinkage issues from low-cost FDY; specify raw material batch and testing standards clearly in export contracts.

资料来源:中国纺织报查看原始资料
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