Price trend

According to the Commodity Market Analysis System of SunSirs, on December 27th, the mainstream polyester filament factories in Jiangsu and Zhejiang Province quoted POY (150D/48F) at 6,850-7,200 RMB/ton, polyester DTY (150D/48F low elasticity) at 8,100-8,500 RMB/ton, and polyester FDY (150D/96F) at 7,300-7,500 RMB/ton, with a partial adjustment in focus.

Analysis review

In terms of cost: The domestic PTA spot market had maintained an upward trend this week, but the increase had narrowed compared to the previous period. According to the Commodity Market Analysis System of SunSirs, as of December 26th, the average price of PTA market in East China was 4,831 RMB/ton, an increase of 0.37% compared to December 18th. Geopolitical concerns, despite the unstable demand outlook, had limited the upward potential due to expectations of an excess of crude oil.

In terms of production and sales, in terms of terminal weaving, some spring orders had been issued, but new orders continued to perform poorly. The polyester filament market was in a long short game, and recent new inquiries and orders h continued to narrow. Downstream users had a strong wait-and-see attitude, and market participation enthusiasm was not high. On December 27th, the average production and sales of polyester were at 33.3%.

Market outlook

SunSirs’ analysts believe that overall, the polyester filament market is expected to show a volatile trend, with weak fundamentals that may suppress price increases. The price fluctuation range may be between 50-100 RMB/ton.

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