Polyester (FDY) Price Trend and Forecast

Polyester (FDY) Regional Price Overview

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

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

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In the first half of 2024, the market for Polyester Fully Drawn Yarn (FDY) exhibited a dynamic and fluctuating trend, shaped by a blend of economic influences and sector-specific developments. The initial quarter of the year was marked by a steady upward trajectory, driven by strong demand from the textile and apparel industries. The consistent rise in energy costs, coupled with robust downstream demand, supported the market's growth during this period, leading to a positive outlook. As the year progressed into the second quarter, the market faced new challenges.
 

Polyester FDY Price Chart

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A significant drop in global crude oil prices led to a reduction in raw material costs, which, along with a decline in demand, caused a softening of prices in the FDY market. In response, suppliers adopted a cautious approach, adjusting production levels to mitigate the impact of the declining prices. This careful management of supply helped stabilize the market towards the latter part of the quarter, preventing a more severe downturn.

Polyester FDY, known for its application in producing smooth, high-quality fabrics used in a variety of textile products, remained a crucial component of the polyester market during this period. The overall trend for Polyester FDY in H1 2024 was marked by an initial phase of growth, followed by a period of decline, and concluding with a stabilization, reflecting the market's adaptive response to changing economic conditions.

Analyst Insight

According to Procurement Resource, Further stabilization is anticipated for nylon FDY in the coming months as well. The supply and demand equation is steadily improving which can provide some love to Mom.s.
 

Polyester FDY Price Trend for the Second Half of 2023

Asia

In the early months of the second half of 2023 in Asia, there was a slight decline in the pricing trends of polyester FDY, attributed to a downturn observed in the final month of the previous quarters. Contrary to expectations, these trends gradually rebounded as the quarter progressed.

The upward trajectory was primarily fueled by substantial demand from the automotive and polymer industries, augmented by government initiatives, particularly in China, which further propelled the momentum of the industry. Traders also noted a resurgence in consumer confidence within the polyester FDY market, evidenced by increased sales of its derivative products. However, there were minor fluctuations that restrained the market from realizing its full potential.

Europe

The pricing trajectory of polyester FDY experienced a significant uptick in the third and fourth quarters of 2023, which was in line with increased market momentum seen in allied industries like filament yarns. Favorable investor and consumer sentiments helped to maintain this upward trend, which in turn led to an increase in new orders from the downstream textile and related industries.

In order to meet the demand for polyester FDY, the market was also supported by higher expenditures and the development of manufacturing activities. On the other hand, in these favorable circumstances, the European economy persisted in encountering obstacles arising from diminished exports resulting from the closure of the Red Sea route and persistent inflationary forces.

North America

In North America, the last quarters of 2023 saw a generally favorable outlook for polyester FDY prices despite its market dynamics not showing any discernible growth. However, there was a discernible uptick in momentum in end-user businesses and consumer spending, which fueled the expansion of market activity. In addition, traders seized the opportunity to build up stocks ahead of anticipated price increases in the upcoming year due to a decrease in production costs and an increase in demand for polyester FDY.

Analyst Insight

According to Procurement Resource, the price trend of Polyester FDY is estimated to be based on the rising interest of consumers in polyester FDY and its derivatives and the consistent rise in the cost of feedstock materials.
 

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

Asia

Polyester (FDY) prices kept fluctuating throughout H1’23. The market dynamics around Polyester (FDY) were observed to be fairly stable throughout, as the demands were steady with sufficient inventory stocks. Spot FD prices for Polyester (FDY) went from around 1202 USD/MT in January’23 to around 1152 USD/MT in June’23.

Europe

In the European markets as well, similar market trend were observed, with steady downstream demands from textile and home furnishing sectors driving the market fundamentals. The prices went from around 1365 USD/MT (Spot FD, Germany) to around 1301 USD/MT (Spot FD, Germany) in June’23, indicating that the market exhibited fairly stable dynamics with low wavered price inclination.

North America

The Polyester (FDY) market observed mixed price trend in the American market during the discussed period, as dull demands from the downstream sectors drove the market dynamics primarily. So, the prices remained on a declining trajectory for most of the said period, and it was only in the later Q2 that some pushback was also experienced since the inventories started decreasing. The market closed the second quarter at an average spot price of about 1373 USD/MT in June’23.

Analyst Insight

According to Procurement Resource, the price trend for Polyester (FDY) are expected to continue to fluctuate in the upcoming months, given the current demand-supply patterns amid rising inflation rates and a deteriorating economy.

Procurement Resource provides latest prices of Polyester (FDY). 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.