Polyester Filament Yarn (PFY) Price In USA
- United States: 1382 USD/MT (PFY 150D/48F)
Polyester Filament Yarn (PFY) prices increased in India after November 2023 due to the booming automotive paint industry and furniture segment during the festive season.
The latest report by IMARC Group, titled "Polyester Filament Yarn Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data," provides a thorough examination of Polyester Filament Yarn Prices. This report delves into the price of Polyester Filament Yarn globally, presenting a detailed analysis, along with informative Polyester Filament Yarn Price Chart. Through comprehensive price analysis, the report sheds light on the key factors influencing these trends. Additionally, it includes historical data to offer context and depth to the current pricing landscape. The report also explores the demand, analyzing how it impacts market dynamics. To aid in strategic planning, the price forecast section provides insights into price forecast, making this report an invaluable resource for industry stakeholders.
Polyester Filament Yarn (PFY) Price Anslysis:
- United States: 1382 USD/MT (PFY 150D/48F)
- China: 1126 USD/MT
- Germany: 1272/MT (PFY 150D/48F) USD/MT
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The study delves into the factors affecting polyester filament yarn (pfy) price variations, including alterations in the cost of raw materials, the balance of supply and demand, geopolitical influences, and sector-specific developments.
The report also incorporates the most recent updates from the market, equipping stakeholders with the latest information on market fluctuations, regulatory modifications, and technological progress. It serves as an exhaustive resource for stakeholders, enhancing strategic planning and forecast capabilities.
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Polyester Filament Yarn (PFY) Price Trend - Last Quarter
Polyester filament yarn (PFY) is a versatile, synthetic fiber made from polyethylene terephthalate (PET) and is widely used in the textile industry. Known for its high tensile strength, durability, and resistance to shrinkage, PFY is commonly used in the production of fabrics for clothing, home textiles, and industrial applications. Its properties of being lightweight, wrinkle-resistant, and moisture-wicking make it a preferred choice across various sectors. The global PFY market is witnessing strong growth, driven by increasing demand from the textile and apparel industries, particularly due to rising consumer preferences for synthetic fabrics. Technological advancements in yarn production and the growing adoption of PFY in automotive and home furnishing sectors are key trends propelling the market. Additionally, the shift towards more sustainable and recycled polyester yarn, coupled with the expansion of the e-commerce industry, is creating new opportunities for PFY manufacturers. The market's growth is further supported by the cost-effectiveness and versatility of PFY in diverse applications.
Polyester Filament Yarn (PFY) Industry Analysis
In Q2 2024, polyester filament yarn (PFY) prices in North America surged due to supply chain disruptions, elevated freight costs, and reduced production capacity from maintenance shutdowns. Several units operated below capacity to optimize profits, further tightening supply. The USA experienced notable price fluctuations, driven by limited imports from Asia and a rebound in manufacturing. Despite moderate demand, high transportation costs and supply constraints stabilized prices, even as downstream demand remained subdued, reflecting a positive but cautious market environment.
The Asia-Pacific region saw a significant decline in PFY prices during Q2 2024, driven by oversupply and weak downstream demand. Disruptions at feedstock facilities producing PTA and MEG, alongside global logistical issues, contributed to the surplus, dampening procurement activities. Seasonal slowdown further impacted the market, particularly in China, where prices followed a clear downward trend. Despite attempts to manage inventories, stakeholders faced persistent supply chain challenges and economic uncertainties, with market conditions remaining bearish throughout the quarter.
Europe's PFY market in Q2 2024 experienced a notable price surge due to global port congestion, increased freight charges, and supply chain disruptions from maintenance shutdowns at key plants. Strong demand from downstream textile sectors helped offset more severe shortages. Germany led the price increase, fueled by seasonal restocking and limited supply from major exporters. Despite initial price hikes, the market stabilized later in the quarter, maintaining upward momentum, supported by ongoing supply challenges and consistent demand across the region.
Regional Price Analysis:
- Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand.
- Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece.
- North America: United States and Canada.
- Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
- Middle East Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco.
Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.
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