Nylon DTY Price Trend and Forecast

Nylon DTY Regional Price Overview

Get the latest insights on price movement and trend analysis of Nylon DTY in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

Nylon DTY Price Trend for the Second Half of 2023

Nylon DTY prices were observed to be fluctuating within a narrow range throughout the said period of H2 2023. However, the overall market inclination was largely positive. The fiber industry relies a lot on nylon fibers because of their versatile downstream usages. This was reflected in the mostly unwavering downstream demand patterns of the said period.
 

Nylon DTY Price Chart

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Some occasional and short lived reverse fluctuations were seen in the fourth quarter, but that was majorly owed to the transportation hurdles of that time. The Houthi attacks in the Red Sea were rapidly rising, which made offshore trading very challenging. The long New Year holiday also limited industrial consumption. Conclusively, varying price trend was observed for nylon DTY in H2’23.

Analyst Insight

According to Procurement Resource, the Nylon DTY market is expected to rise again in the upcoming quarter; since the market demands are going up again, the prices are also expected to rise.
 

Nylon DTY Price Trend for the First Half of 2023

Nylon DTY fibres are directly drawn from Nylon POY fibres, which are, in turn obtained from Nylon chips and flakes. So, the Nylon DTY price trend also closely mimic that of Nylon POY. The first half of the year 2023 didn’t turn out to be very good for Nylon DTY fibre, as the market sentiments were dull throughout.

Bearish consumption patterns were largely responsible for such depreciating market behavior, as the downstream industries and end consumers didn’t show much interest in procuring new supplies. Also, overfilled inventories contributed heavily to these market trend as the suppliers discounted the prices, further attempting to vacate the inventories. Overall, Nylon DTY prices remained low swinging for the majority of the discussed period.

Analyst Insight

According to Procurement Resource, the price trend for Nylon DTY are expected to remain wavering in the coming months, given the feeble trading atmosphere amid rising inflation rates and overflowing inventories.

Procurement Resource provides latest prices of Nylon DTY. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.