Nylon POY Price Trend and Forecast

Nylon POY Regional Price Overview

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

Nylon POY Price Trend for the First Half of 2024

Nylon Partially Oriented Yarn (POY) experienced a dynamic price trend throughout the first half of 2024. The market began the year on a stable note, with prices gradually increasing in the first quarter due to rising raw material and energy costs. Demand remained steady, allowing for a consolidated price movement. However, as the second quarter commenced, a sharp decline in crude oil prices led to a noticeable dip in the market.
 

Nylon POY Price Chart

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This decrease in prices was further exacerbated by a drop in demand, prompting suppliers to carefully manage supply levels to prevent further price erosion. By the end of the second quarter, the market saw some stabilization as supply adjustments helped correct the earlier price decline. Overall, Nylon POY experienced a fluctuating price trend, reflecting the mixed market conditions of the first half of 2024.

Analyst Insight

According to Procurement Resource, current stability, and borderline stagnancy are expected to continue similarly in scoming months as well. Supply and demand dynamics appear stable.
 

Nylon POY (Partially Oriented Yarn) Price Trend for the Second Half of 2023

Nylon POY prices were found to be teetering within confined limits during the given span of the second half of 2023. The market started on a strong note at the beginning of the third quarter in July.

The prices were in direct alliance with the rising demands, and a healthy market run was witnessed. However, as the last quarter started, the supply restrictions started to yield demand depreciation in the Nylon POY markets. This supply situation was primarily attributed to the shipping interruptions in the Red Sea. This dip in international demand pushed the Nylon POY prices down in the later months.

Analyst Insight

According to Procurement Resource, Nylon POY price trends are expected to make a rebound in the coming months going forward; demands are likely to escalate and pull the prices up along.
 

Nylon POY Price Trend for the First Half of 2023

Nylon POY prices were readily impacted by any fluctuations in its feedstock Nylon chip and flakes prices. Prices remained in a slump as the unused stocks from a long time were still lying in the inventories. As global inflation altered the purchasing power and patterns across the world, Nylon POY’s consumption subdued considerably as the DTY and slack fabrics gained a lowered interest from end consumers since the costs of living skyrocketed.

Chinese economy struggled severely as the Covid-19 pandemic gave it a serious pushback, while Europe was facing the consequences of the Russia – Ukraine conflict and the collapse of 2 major US banks disrupted the economic exchanges there. Overall, bearish market sentiments were observed.

Analyst insight

According to Procurement Resource, the price trend of Nylon POY are expected to remain in a slump in the upcoming months, given the unsettled demands and volatile economic conditions.

Procurement Resource provides latest prices of Nylon POY. 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.