Opening snapshot
China**;s domestic polyester filament yarn market closed the fortnight ending Friday June **, ****, sharply lower across all three reference deniers, with cumulative declines ranging from *.** per cent to *.** per cent. TexPro data shows the move was front-loaded and cost-driven: The upstream petrochemical complex unravelled as Brent crude shed more than ** per cent on the week after the US-Iran ceasefire reopened Strait of Hormuz traffic, dismantling the geopolitical risk premium that had supported feedstock pricing through early June.
Key price movement
FDY (Fully Drawn Yarn) ***D/**F led the slide, retreating from *.*** to *.*** CNY/kg a *.** per cent drop. FDY ***D/**F shed *** CNY/mt to close at *,*** CNY/mt (-*.** per cent), with the steepest single day move on June ** (-*.** per cent). Finer FDY **D/**F proved most resilient, easing *** CNY/mt to *,*** CNY/mt (-*.** per cent). The structural takeaway: **D/**F now trades *** CNY/mt above ***D/**F, flipping the typical denier price ladder and signalling that demand for finer, higher-value yarns held up while commodity coarse grades bore the brunt.
