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.
Trend Report
The average price of Polyester Filament Yarn DTY 150D/48F - FOB China has increased by 0.64% in the month of July 2024 as compared to June 2024. The price of Polyester Filament Yarn DTY 150D/48F - FOB China has been above its last six months average price by 1.14%. The price of Polyester Filament Yarn DTY 150D/48F - FOB China has reduced by a CAGR of -0.12% in last one year. The price of Polyester Filament Yarn DTY 150D/48F - FOB China in the month of July 2024 has increased by 0.72% as compared to the same month last year.
The average price of Polyester Staple Fibre 1.4D - FOB NE Asia has increased by 3.37% in the month of July 2024 as compared to June 2024. The price of Polyester Staple Fibre 1.4D - FOB NE Asia has been above its last six months average price by 4.21%. The price of Polyester Staple Fibre 1.4D - FOB NE Asia has grown by a CAGR of 0.59% in last one year. The price of Polyester Staple Fibre 1.4D - FOB NE Asia in the month of July 2024 has increased by 8.54% as compared to the same month last year.
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- Please register with your business email only.
- Trial access period will be allowed for 3 days for both modules combined - Textile & Apparel as well as Technical Textiles
- You shall be notified on your registered email once the trial is activated