During the weekend of July 11-12, trading activity in the polyester filament yarn market in Shengze and Jiaxing weakened noticeably. Major polyester mills maintained flat pricing to facilitate shipments, reflecting the inability of downstream demand to absorb upstream supply effectively. Semi-dull FDY 150D/96F and DTY 150D/48F were quoted at 9,050 RMB/ton and 8,150 RMB/ton, respectively, but transaction volumes contracted due to cautious buying triggered by typhoon weather.
This price level has remained stagnant for several weeks, indicating a typical 'high inventory, low turnover' market condition. Downstream weaving and texturing enterprises have adopted a 'small quantity, multiple times' procurement strategy to avoid accumulating excessive raw material stocks amid unclear direction. This suggests that inventory destocking pressure on polyester filament mills is increasing, and any weakness in upstream raw materials could quickly lead to price adjustments.
Product Divergence: Weakness in Commodity Grades, Support from Specialty Items
The market is not uniformly sluggish. Semi-dull FDY 54D/24F, 68D/24F, and 75D/36F maintained sales momentum, driven by warp knitting demand for apparel fabrics. Bright FDY 150D remained active, supported by demand for water-jet oxford fabric in luggage and nylon-polyester blended fabrics, with prices holding at 8,350-8,400 RMB/ton, indicating some resilience in luggage export orders.
Notably, FDY 75D/36F black yarn and DTY black yarn 75D showed active performance, used in memory fabrics and black satin lining, reflecting early pre-stocking demand for autumn/winter orders. DTY 75D/72F and 100D/144F network yarns found demand in both water-jet and warp knitting segments, while DTY 150D/144F saw chaotic pricing without clear guidance.
- DTY 150D/96F and 200D/96F network yarns were relatively active, primarily used for oxford fabric and satin, with the latter having broader applications.
- POY market was weak, with limited demand from texturing and low demand for parallel winding, suggesting a possible decline in downstream texturing capacity utilization.
Yarn Market: Cotton Yarn Steady, Rayon Yarn Driven by Fabric Demand
Cotton yarn prices remained stable, with 21s and J32s seeing slightly increased demand for air-jet cotton-nylon fabrics, but other specifications traded thinly. Polyester-cotton and polyester-viscose blends were stable with weak transactions, indicating a lack of highlights in the summer off-season.
Pure polyester yarn prices were in a stable adjustment phase, with 45s outperforming other specs, possibly due to workwear or lining orders. Polyester staple fiber (1.56*38 cotton type) was priced around 7,650 RMB/ton, with further adjustments expected. Rayon yarn gained traction due to demand for diamond cotton fabric, with 30s being particularly active. Viscose staple fiber was priced around 14,200 RMB/ton, showing a clear consolidation trend.