Polyester yarn loss reached a new high

The processing cost of polyester yarn per ton was 3,500-3,700yuan/mt, and the cash flow of T32S reached -800 ~ -700 yuan/mt, which was the lowest in many years. In early-to mid September, PSF prices in Fujian once approached 8,000yuan/mt, and were at 7,700-7,800yuan/mt in Jiangsu and Zhejiang. The price spread between the two areas reached 300yuan/mt at the maximum. At that time, Polyester yarn mills in Fujian suffered greatest loss across the country, which was close to the current loss level. However, polyester yarn prices are similar among different places at present, thus polyester yarn mills nationwide were at huge losses, exceeding that of all other conventional yarn varieties. However, the silver lining was that due to the price rise, the appreciation of yarn inventory brought about certain short-term dividend, which could reduce the actual loss.