The passage of a typhoon has significantly cooled the polyester filament market in Shengze and Jiaxing on July 11-12. Downstream weaving and texturing enterprises have notably reduced their purchasing appetite, leading to lower transaction volumes. This is not a reversal of demand fundamentals but a risk-averse response to short-term weather disruptions—logistics interruptions and inventory pressures are forcing buyers to adopt a 'small batch, frequent order' model.
Product Differentiation: Fine Denier and Network Yarns Show Resilience
Despite the overall low transaction volume, certain product categories have maintained momentum. Semi-dull FDY fine denier yarns, such as 54D/24F, 68D/24F, and 75D/36F, primarily used in warp knitting, have seen relatively stable demand. Bright FDY 150D, applied in water-jet looms for Oxford fabric luggage and polyester-nylon blended weft, has also sustained decent sales, with current quotes at 8,350-8,400 RMB/ton.
Black yarns have stood out: FDY 75D/36F black yarn and DTY 75D black yarn are both in active demand. The former is used in water-jet simulated memory fabrics, while the latter serves in lining materials like black spot silk and black twill silk, demonstrating the resilience of differentiated products in a weak market.
For DTY network yarns, the 75D/72F and 100D/144F specifications are in demand across both water-jet and warp knitting sectors. Notably, DTY 150D/144F has chaotic pricing, while DTY 150D/96F and 200D/96F network yarns, due to their wide applicability in Oxford fabric and satin crepe, have become relatively active varieties.
Raw Material Transmission: PTA and MEG as Key Variables
The current stalemate in polyester yarn prices largely relies on upstream raw material support. Semi-dull FDY 150D/96F is quoted at 9,050 RMB/ton, and DTY 150D/48F at 8,150 RMB/ton. Major polyester factories are primarily offering flat quotes and have not resorted to significant price cuts amid weak demand.
However, this balance is fragile. Industry data shows that demand for POY for texturing and POY for network is weak, with downstream buyers already compressing their purchases to the limit. Once PTA and MEG prices fluctuate, the pricing system of the polyester filament market will face adjustment pressure. In the medium to long term, raw material trends will be the key determinant of polyester yarn direction.
Yarn Market: Polyester Spun and Rayon Yarns Face Adjustment Expectations
The yarn market is generally stable, but differentiation is equally apparent. Demand for 100% cotton yarn 21s and J32s air-jet has slightly increased, mainly for air-jet cotton-nylon fabrics, while other varieties trade quietly. Polyester-cotton and polyester-viscose yarns are stable with thin trading.
Polyester spun yarn prices are adjusting steadily, with the 45s variety showing relatively better sales. The center price for polyester staple fiber 1.56×38 cotton-type remains around 7,650 RMB/ton, but the market generally expects polyester spun yarn prices to adjust subsequently. Rayon yarn 30s is moving due to diamond cotton fabric demand, with viscose staple fiber's latest center price at 14,200 RMB/ton. Rayon yarn is also expected to face moderate adjustments soon.