Polyester (POY) Price Trend and Forecast

Polyester (POY) Regional Price Overview

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

Polyester (POY) Price Trend for Q1 of 2025

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China's POY polyester prices showed a gradual upward trend during the first quarter of 2025, influenced by rising raw material costs and production disruptions related to the Chinese Spring Festival. The monthly average price stood at approximately 989 USD/MT in January and around 1009 USD/MT in March in the Chinese market.
 

Polyester (POY) Price Chart

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At the beginning of the year, higher crude oil prices drove up polyester production costs, contributing to the upward movement in Polyester (POY) prices. Additionally, some manufacturers reduced production for maintenance, limiting supply and exerting further price pressure. The Polyester (POY) price trend reflected these developments, with producers adjusting prices to offset increasing costs.

During the Spring Festival period, supply shortages became evident as most factories either slowed or halted production temporarily, while logistics faced disruptions. Although demand remained moderate, as many buyers had already replenished stocks before the holiday, limited supply sustained prices at elevated levels. According to the Polyester (POY) price database, trading activity was subdued, but the market remained firm.

In the final month of the quarter, the market began to stabilize as production resumed and logistics operations normalized. The Polyester (POY) price trend indicated a more balanced supply-demand environment, with downstream consumers restocking steadily rather than making bulk purchases. By the quarter’s end, the Polyester (POY) price curve showed that while cost factors still supported prices, the sharp increases observed earlier had moderated.

Analyst Insight

According to Procurement Resource, the Polyester (POY) price curve is likely to display range-bound movements in the near future, influenced by the moderate demand from the downstream textile sector amid a stable production outlook.
 

Polyester (POY) Price Trend for the Year 2024

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In 2024, the Polyester Partially Oriented Yarn (POY) market in China experienced notable fluctuations. Monthly average prices were approximately 1093 USD/MT in January 2024 and around 972 USD/MT in December 2024. The year began with relative stability, as manufacturers managed supply effectively and demand from the textile industry remained steady. However, as the year progressed, prices increased primarily due to fluctuations in upstream crude oil prices and strong demand for polyester-based fabrics. Towards the end of the first quarter, prices normalized following adjustments in feedstock costs.

During the second quarter, prices became more unpredictable amid global uncertainties. Supply disruptions occasionally led to price increases, but steady demand prevented extreme price movements. Logistics difficulties and energy costs added to the uncertainty. In contrast, Polyester (POY) prices declined in the third quarter in Chinese markets. A slowdown in textile demand and an oversupply situation in China contributed significantly to this trend.

Manufacturers lowered prices due to the abundance of materials. Weak demand from major export markets made buyers cautious, intensifying price pressure. By the final quarter, the market showed signs of recovery as textile producers increased operations ahead of seasonal orders. Producers made supply adjustments to prevent further declines.

Analyst Insight

According to Procurement Resource, the polyester (POY) price curve is expected to show slight improvements if the upcoming months as the downstream demand picks up; however, feedstock price fluctuations will keep the prices in check.
 

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

Polyester (POY) witnessed diverse industrial drivers in 2023, significantly influencing its pricing patterns in the latter half of the year. Factors such as evolving fashion trends, technological advancements in textile machinery, and the growing demand for sustainable and recycled polyester played pivotal roles.

Additionally, fluctuations in crude oil prices, which impact the cost of raw materials, and changes in global economic conditions also influenced the Polyester POY market. Moreover, innovations in production processes and increasing emphasis on product quality and performance contributed to shaping the market dynamics by a great margin.

During the latter half of 2023, Polyester (POY) prices were observed to fluctuate within narrow boundaries. The market showcased strong sentiments in July, based closely on increasing demands, leading to a robust market performance. However, as the final quarter of the year approached, supply constraints began to impact demand in the Polyester (POY) markets.

These limitations in supply were mainly attributed to disruptions in shipping routes, particularly in the Red Sea amid the increasing tensions between Israel and Hamas. Consequently, the decline in global demand resulted in a subsequent decrease in Polyester (POY) prices in the later months of the year 2023.

Analyst Insight

According to Procurement Resource, the price of Polyester POY is expected to trace a downward trajectory as the demand from the downstream industries does not seem to be in favor of the polyester (POY) market.
 

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

The perpetuity in the feedstock Polyester chip market kept the Polyester (POY) ‘Partially oriented yarn’ market going as well because the demands from the consuming sectors were very steady. The spot prices averaged at around 1106 USD/MT in the first quarter while averaged at around 1094 USD/MT (Spot FD) in the second quarter.

Some upward wavering was observed at the time of quarter shifting; otherwise, the market momentum was fairly stable and consistent. Few temporary fluctuations were owed to the variation in demands from downstream Polyester (DTY) industries. High inflation and low customer interest in the end consumer markets also manipulated the market trend.

Analyst Insight

According to Procurement Resource, the steadiness in the Polyester (POY) market is likely to maintain itself in the coming months as well since not any big changes are anticipated in the end consumer behaviors.

Procurement Resource provides latest prices of Polyester (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.