On the 19th, international crude oil prices declined. As of the close of trading, light crude oil delivered by the New York Mercantile Exchange fell by 99 cents, settling at $74.43 per barrel for September contracts. Meanwhile, Brent crude oil in the North Sea, delivered in London, dropped by $1.17 for October contracts, closing at $75.30 per barrel. This decline in oil prices has started to impact the strong upward trend seen in upstream polyester products. With rising inventory levels among polyester yarn manufacturers and cautious purchasing behavior from downstream buyers, polyester yarn prices in Jiangsu and Zhejiang have been on a downward trend.
In the Jiangsu market, polyester prices fell sharply. The price of FDY, a key product from Shengze-based manufacturers, dropped by RMB 300–600 per ton. POY and DTY prices also saw declines of RMB 100–200 per ton. The market cash offer for FDY50D/48F is now at 17,300 yuan per ton, while the 50D/72F market is also quoted at 17,300 yuan per ton. The acceptance price for POY75D/72F is currently 14,100 yuan per ton, and the market acceptance for POY150D/144F stands at 12,100 yuan per ton. Another major manufacturer’s quote remains unchanged. Local slicing and spinning manufacturers have kept their quotations stable, but actual transactions are seeing larger discounts. In the Taicang area, polyester lines are also experiencing a downtrend. A local mainstream factory's FDY price has dropped by 200–300 yuan per ton, with FDY50D/24F reported at 16,900 yuan per ton. POY prices have fallen by 100–200 yuan per ton, with POY75D/72F now accepted at 14,000 yuan per ton and POY100D/36F at 11,700 yuan per ton.
In the Zhejiang market, polyester prices continue to fall. A major manufacturer in Xiaoshan reduced its POY offers by 300 yuan per ton, while others remained stable. The current market acceptance for POY75D/36F is at 12,600 yuan per ton, and DTY150D/48F low elasticity is offered at 12,800 yuan per ton. FDY66D/24F is now quoted at 15,800 yuan per ton. Other major manufacturers remain stable, with POY75/36 currently reported at 12,650 yuan per ton. In Tongxiang, polyester filament prices are also declining. A local mainstream manufacturer reduced its quotes by as much as 100 yuan per ton, with the current market acceptance for POY150D/288F at 11,800 yuan per ton.
Overall, the polyester market is showing signs of weakening demand and increasing supply pressure, which is leading to continued price declines across multiple regions. Buyers are becoming more cautious, and sellers are offering more flexibility to attract orders. This trend is expected to continue in the short term unless there are significant changes in global crude oil prices or demand from downstream sectors.
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