August and September saw poor demand for polyester industrial yarn in China. But polyester industrial yarn export growth expanded rapidly, far higher than that of 2015. Foreign buyers largely procured ahead of time. August/September exports may see negative growth rates. The G20 regulation did not affect PIY production much, only about 10 per cent of total PIY capacity in China.

Downstream plants widely stocked raw materials with expectations of higher prices in future. Foreign sales were brisk in the first half of 2016. The polyester textile filament market was heavily impacted as a lot of plants shut down and spot prices were pushed up. Downstream may need to replenish their stocks and polyester industrial yarn plants may cut inventory at the point. Their profits were very thin. Demand for downstream products, for geo-technique or car use, etc. too decreased.

Sales promotion is one way of stimulating downstream demand and improving the market situation. Polyester industrial yarn has been one of the most widely used yarns among all types of industrial yarns and it is known for its high tenacity, low elongation and high abrasion resistance. High tenacity yarns are required in a variety of industrial applications such as conveyor belts, ropes, geo-grids, lashings /slings, automotive seat belts and industrial fabrics.