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In 2024, recycled polyester filament yarn (Re-PFY) and polyester filament yarn (PFY) prices experienced significant fluctuations. After steady increases early in the year, both yarn types saw sharp price drops in March and April. Re-PFY fell from *** yuan per metric ton in late February to *** yuan per metric ton by late March, while PFY declined from yuan per metric ton to ** yuan per metric ton during the same period. Although prices peaked in early July, with Re-PFY at *** yuan per metric ton and PFY at yuan per metric ton, they had declined again by mid-August, with Re-PFY at *** yuan per metric ton and PFY at *** yuan per metric ton.

Despite the weakening raw material prices in July, the polyester filament yarn market maintained stability in the first half of the month, driven by fixed-price policies from leading enterprises. However, by the end of the month, the pressure to reduce inventory and a general decline in raw material costs led to significant price reductions. Promotional pricing strategies by major factories resulted in a sharp drop in PFY prices.

Notably, Re-PFY prices mirrored the trends in virgin PFY, showing some weakness.