Polyester (DTY) Price Trend and Forecast

Polyester (DTY) Regional Price Overview

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

Polyester (DTY) Price Trend for the First Half of 2024

During the first half of 2024, Polyester Drawn Textured Yarn (DTY) experienced a fluctuating market trend influenced by a combination of economic factors and industry-specific dynamics. The initial quarter of the year saw a consistent upward movement in the market, driven by steady demand from the textile and apparel sectors. The rising energy costs and strong downstream requirements contributed to a gradual increase in prices, creating a positive market sentiment. However, as the market entered the second quarter, the landscape began to shift. A significant decline in global crude oil prices led to a decrease in raw material costs, which, coupled with a dip in demand, caused prices to soften.
 

Polyester (DTY) Price Chart

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The market reacted cautiously to this downturn, with suppliers adjusting their output to avoid a sharp decline in prices. This strategic management of supply helped stabilize the market towards the end of the quarter, allowing for a slight recovery.

Polyester DTY, widely used in fabrics for clothing, home textiles, and other applications requiring stretch and texture, remained a key product in the polyester market during this period. The overall market for Polyester DTY in H1 2024 showed variations similar to broader polyester markets.

Analyst Insight

According to Procurement Resource, polyester FDY prices are likely to remain similarly motivated since the market drivers are not projecting much change.
 

Polyester (DTY) Price Trend for the Second Half of 2023

Polyester (DTY) is a popular option for many applications in industries such as home furnishings, textiles, and car interiors. In the past few quarters, manufacturers have started looking for long-lasting products and efficient production processes, and polyester DTY has become an apparent choice due to its affordability.

Throughout the latter half of 2023, polyester DTY prices showed a narrow range of fluctuations amidst challenging market dynamics but achieved an overall positive market trajectory.

The fiber industry's heavy reliance on polyester fibers, owing to their versatile downstream applications, was evident in the consistent demand patterns observed during this period, keeping an upturn in the prices of polyester DTY. However, month-on-month and short-lived avalanches occurred in the fourth quarter, primarily due to transportation and trading challenges.

The escalating Houthi attacks in the Red Sea hindered offshore trading, while the extended New Year holiday dimmed industrial consumption. Despite these challenges, the industry's feedstock prices and the enduring demand for polyester fibers remained on the higher end of the spectrum, resulting in an upward movement of polyester DTY prices.

Analyst Insight

According to Procurement Resource, the price trend of Polyester DTY is estimated to keep on oscillating on its current market trajectory as the demand from the downstream industries and the economic indicators are still under the red zone.
 

Polyester (DTY) Price Trend for the First Half of 2023

Polyester DTY (Draw Textured Yarn) experienced market fluctuations throughout the discussed period of H1’23. Prices first rose by the middle of the first quarter, then declined by March 2023, and then rose again by the end of it. However, the second quarter was relatively slow.

Coinciding fluctuations in the feedstock POY polyester yarn primarily drove these market sentiments, but uncertainty in the consumption patterns also influenced price tribulations. The average spot price in the Chinese domestic market was about 1274 USD/MT in June’23. Overall, market sentiments were mixed with adrift trade exchanges.

Analyst Insight

According to Procurement Resource, not much change is projected in the Polyester (DTY) price trend. With similar trade conditions, the supply and demand dynamics are not likely to shift substantially. Minute fluctuations can be observed.

Procurement Resource provides latest prices of Polyester (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.