According to the Commodity Market Analysis System of Shengyi Society, on September 27th, the mainstream polyester filament factories in Jiangsu and Zhejiang Province quoted POY (150D/48F) at 6900-7200 yuan/ton, polyester DTY (150D/48F low elasticity) at 8400-8800 yuan/ton, and polyester FDY (150D/96F) at 7400-7700 yuan/ton.

In mid to late September, the domestic PTA spot price stopped falling and stabilized. As of September 27th, the average spot price of PTA in East China was 4878 yuan/ton, an increase of 2.11% from September 23rd. The tense situation in the Middle East and the possibility of a resurgence in crude oil prices, coupled with a strong trend in international oil prices, have raised support for PTA costs. In addition, macroeconomic sentiment has improved, and the general rise in commodity markets has triggered resonance. Due to the unplanned shutdown of multiple PTA plants, prices have stopped falling and rebounded slightly.

In terms of demand, the market has improved significantly, but the cautious atmosphere continues. After the Mid Autumn Festival, there has been an improvement, and the order volume has increased significantly. Starting from September 26th, a strong cold air will depart from Xinjiang and affect most parts of China from west to east. The maximum cooling range in northern regions can reach 10-12 ℃. After the cooling, the national temperature will hit a new low after the beginning of autumn on a large scale. Cooling weather can effectively stimulate the sales of seasonal clothing. In addition, the central bank’s monetary policy has expanded its measures, lowering the reserve requirement ratio by 0.5 percentage points and lowering the interest rate on existing housing loans, which is also conducive to unleashing consumption potential.

Overall, analysts from Shengyi Society predict that the willingness of filament enterprises to ship still exists, and it is expected that the filament market prices will remain stable and fluctuate in the short term, with rigid demand. In the future, attention needs to be paid to the trend of the raw material market and the issuance of downstream orders.