OilChem: Record POY price hike masks deepening demand crisis

Source: Mysteel Mar 10, 2026 14:39

The Israel-Iran conflict has disrupted global energy markets, sending China's polyester filament yarn (POY) prices up by Yuan 3,000/t in just three days. However, the rally masks serious demand weakness and growing inventory risks.

Crude oil prices have risen steadily since hostilities escalated, with the Strait of Hormuz emerging as a key supply concern. Prior to the turmoil, polyester prices were increasing modestly by Yuan 50-150/t in early March. But on March 6, price hikes widened to Yuan 300-500/t, and by March 8,

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