Polyester Yarn and Fiber Market: Trends, Prices & Forecast

Insights

• During the second and third weeks of May 2024, polyester filament prices declined in Jiangsu and Zhejiang provinces due to weakened operating rates in downstream texturing and weaving sectors, coupled with diminished market confidence and speculative activity.
• Despite filament factories implementing production cuts, the market was constrained by high inventory levels, leading some manufacturers to offer discounts to boost sales, thus causing price fluctuations within a narrow range.
• In the Chinese domestic market, the price for DTY (290 deniers) was assessed at US$0.964 per kg, while POY prices for 290 deniers were assessed at around US$1.133 per kg.
• Polyester filament prices will remained stable in short run.

• Between May 6 and May 17, 2024, PSF prices kept firm because of consistent direct-spun PSF spreads, enhanced transactions with reduced discounts, and sustained operating rates, despite fluctuations in feedstock and futures markets.
• In the Northeast Asia market, PSF prices were evaluated within the range of US$9.25 per kg to US$9.35 per kg.
• PSF prices may remain range-bound in the short run.