Polyester Yarn and Fiber Market: Trends, Prices & Forecast

Insights

• Polyester filament yarn prices nosedived between the second and third weeks of August, 2024, due to falling feedstock costs which weakened downstream purchasing and led to increased factory inventory.
• In the Chinese domestic market, the price for DTY (290 deniers) was assessed at US$0.956 per kg, while POY prices for 290 deniers were assessed at around US$1.116 per kg.
• Polyester filament yarn prices are likely to stay pressured due to inventory devaluation and weak demand, awaiting stabilization in raw material prices and improved demand in the short term.

• Polyester staple fiber prices decreased between August 12th and 23rd, 2024, driven by lower PTA prices as well as a sluggish feedstock market.
• Furthermore, downstream buyers were hesitant, contributing to lower prices and a focus on inventory control.
• In the Northeast Asia market, PSF prices were evaluated within the range of US$9.40 per kg to US$9.50 per kg.
• PSF market may remain range-bound with limited support from costs and average demand, pending stabilization of the feedstock market and improvement in demand.