The Price of Polyester Filament Yarn Has Been Continuously Declining

Since mid-October, the price of polyester filament yarn has been continuously declining, lower than the low point from the end of September by the end of November. The price of POY150D has dropped to a low of 6,600yuan/mt, marking a new low for the year. Looking at the longer-term trend, current price is roughly on par with the lowest point in November 2022, which was during the peak of the pandemic. Excluding the exceptional circumstances in early 2020, when oil prices were in the single digits or even negative, the current price is the second lowest in the past decade, with the previous low occurring at the end of 2015 when the average price of POY150D was around 6,000yuan/mt.