According to the Commodity Market Analysis System of Shengyi Society, domestic polyester filament prices fluctuated narrowly from July 15th to 21st. Currently, mainstream polyester filament factories in Jiangsu and Zhejiang offer POY (150D/48F) at 8030 yuan/ton, polyester DTY (150D/48F low elasticity) at 9300-9500 yuan/ton, and polyester FDY (150D/96F) at 8546 yuan/ton. During the week, the cost support of the polyester filament market gradually weakened, and there was a clear wait-and-see attitude in the market. The demand side was in the off-season, with average trading and stable quotes from polyester filament factories.

As of the close of July 18th in the crude oil market, the price of light crude oil futures for August delivery on the New York Mercantile Exchange closed at $82.82 per barrel, a decrease of 0.04%; The London Brent crude oil futures price for September delivery closed at $85.11 per barrel, an increase of 0.04%.

In terms of PTA, PTA prices have fallen this week, and currently the mainstream PTA quotation is around 5800-5900 yuan/ton for self pickup. As the operating rate rebounds and PTA fundamentals decline, it is expected that prices will remain volatile next week.

In terms of ethylene glycol, the price of ethylene glycol fluctuated this week, and the mainstream quotation is currently around 4600-4700 yuan. At present, the fundamentals of the ethylene glycol market are good, and prices may be strong in the future.

In terms of polyester filament, currently, the market generally adopts a wait-and-see attitude, and the industry’s procurement activities appear to be more cautious, resulting in a slight decrease in downstream demand and terminal production load while maintaining stability. This trend has exacerbated the inventory backlog problem of major polyester filament producers, while the weak performance of the raw material market has also created additional pressure.

Business analysts believe that PTA fundamentals are weakening. The scorching summer heat has led to an increase in production cuts and a decrease in demand for polyester filament, which has significantly weakened the market demand for polyester filament. In the short term, although mainstream polyester fiber manufacturers still adhere to a high price stance and show a strong willingness to maintain prices, all parties have adopted a more cautious wait-and-see attitude in the price game with downstream markets. Based on this, it is expected that the price of polyester filament will fluctuate within a relatively stable range in the future, and the market trend will show a characteristic of oscillating operation.