The continuous decline in upstream raw material prices is transmitting down the supply chain to the weaving sector, clearly reflected in the weekly data from Changxing Textile City (June 23-29). The polyester filament yarn market is sluggish, with insufficient transaction volumes and a general drop of 150-200 yuan/ton in transaction prices, with some premium varieties seeing even larger declines. Behind this price adjustment is the continuous weakening of polymerization raw material cost support and the strong wait-and-see sentiment among weaving enterprises.
Polyester Yarn Under Pressure, Clear Variety Divergence
Looking at specific varieties, the price adjustment is not uniform. Bright FDY 75D maintains some rigid demand, mainly used for satin lining printing fabrics, but its transaction price has fallen to around 8,600 yuan/ton, and market requirements for raw material grade have lowered, reflecting downstream cost-driven downgrading procurement strategies. DTY prices are also weak; for example, DTY 150D/144F (mini-draw textured) center price is around 9,000 yuan/ton, down 100-150 yuan/ton from last week.
Notably, DTY 75D/72F network yarn sees relatively good trading volume. When interwoven with DTY 75D/144F or DTY 100D/144F to produce fully elastic pongee printed sanded grey fabrics, these end products have wide applications and high sales volume, leading to increased production on looms and thus boosting sales of related DTY specifications. This constitutes one of the few bright spots in the current market, revealing structural divergence in end demand: differentiated fabrics for fashion and home textiles still have support, while traditional plain linings face shrinking demand.
Lining Fabric Market: Uneven Performance, Plain Varieties Sluggish
The lining fabric market also confirms this divergence pattern. This week's fabric transaction volume is acceptable, but quotes are stable to weak. Satin sells well with low inventory, cotton velvet sales have slightly recovered, with jacquard cotton velvet becoming the first to enter active sales. Twill lining has also seen a rebound in trading volume. The popularity of these varieties is often linked to specific demand from downstream apparel orders, such as linings or trims for mid-to-high-end garments.
In contrast, sales of conventional plain linings like jet taffeta, lightweight pongee, and semi-elastic pongee remain persistently weak. Sales of jet fully elastic pongee sanded grey fabrics are also slow. This uneven phenomenon means that the inventory structure of weaving enterprises is diverging: factories with differentiated and functional product lines have relatively healthy inventory turnover, while those with single, conventional product ranges face greater inventory and cash flow pressure.
Short-term Outlook and Procurement Cycle Expectations
Currently, upstream polymerization raw material prices remain in a downtrend, and their impact on polyester filament yarn is not over. Weaving enterprises generally adopt a wait-and-see attitude with weak restocking intentions, further exacerbating the market's thin trading. Industry public data shows that pure polyester yarn 32s and 45s have some sales but prices are falling; polyester staple fiber prices continue to oscillate weakly, with the average price of 1.56*38 cotton-type around 7,550 yuan/ton.
Despite the pervasive sluggishness, essential demand still exists. As polyester yarn prices continue to bottom out, the cost-effectiveness of some varieties begins to emerge. Historically, downstream weaving enterprises cannot postpone procurement indefinitely. When prices fall to psychological levels or inventory depletes below safety lines, a concentrated procurement cycle will occur. It is expected that next week's lining and fabric trading will continue weak adjustment, but polyester filament yarn prices, after further declines, may gain short-term support from phased restocking demand.