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IndiaAs of March 2025, PIY FOB prices in China rebounded to around USD 1,175 per metric ton. This increase reflects a recovery in market sentiment, supported by improved demand conditions and stabilized supply chain dynamics, which helped offset earlier declines, even as manufacturers remain cautious of fluctuations in crude oil and feedstock prices.
In Q4 2024, prices in China further decreased by 5.83%. Despite preparations for potential production ramp-ups during the festive season, global economic uncertainties and possible increases in feedstock costs continued to exert downward pressure on the market.
In Q3 2024, PIY prices in China experienced a decline of 5.76%. This decrease was driven by falling crude oil prices, a general slowdown in demand amid economic challenges in key markets and easing feedstock costs. Additionally, ongoing supply chain disruptions prompted manufacturers to adopt a cautious approach to inventory management, contributing to the overall price reduction.
By the second quarter of 2024, PIY prices in China continued to rise, reflecting ongoing strong demand from both domestic and international markets. Manufacturers ramped up production in anticipation of seasonal spikes in demand, particularly for textiles and apparel. Additionally, improved export orders contributed to this upward trend, as brands sought to leverage China’s manufacturing capabilities. The overall economic environment showed signs of recovery, further fuelling demand for PIY and pushing prices higher.
In the first quarter of 2024, FOB prices for Polyester Industrial Yarn (PIY) in China experienced a notable increase of 9.28% compared to the previous quarter. This surge was largely driven by a rebound in demand from the textile industry, alongside rising production costs and supply chain disruptions that limited the availability of raw materials. The combination of these factors created upward pressure on prices, as manufacturers struggled to meet the recovering demand while managing increased operational costs.
As of March 2025, Indian PIY Ex-prices rebounded to around INR 130,000 per metric ton. This increase reflects improved market sentiment driven by recovering demand and stabilized supply chain conditions. Manufacturers remain vigilant to fluctuations in crude oil and feedstock prices, but ongoing domestic textile production and export activities support a positive outlook for the near term.
In Q4 2024, Ex-prices decreased by approximately 2.51% as global economic uncertainties and potential feedstock cost increases weighed on the market. Despite preparations for production ramp-ups during the festive season, subdued demand and cautious buying behaviour among downstream industries led to downward pressure on prices.
Q3 2024 saw a modest price increase of 0.78%, reflecting a more balanced market. While crude oil prices fell, easing feedstock costs, demand growth slowed amid economic challenges in key markets. Manufacturers adopted cautious inventory management due to ongoing supply chain uncertainties, which tempered price gains despite steady consumption in some textile segments.
In Q2 2024, Ex-prices continued to rise by about 6.57%, supported by strong domestic and export demand. The textile and apparel sectors ramped up production in anticipation of seasonal peaks, while improved export orders from global brands further bolstered market confidence. The overall economic recovery and increased manufacturing activity contributed to sustained upward price momentum.
The Indian Polyester Industrial Yarn (PIY) domestic market in Q1 2024 experienced a notable price increase of approximately 8.93% compared to Q4 2023. This surge was driven by a rebound in demand from the textile industry, which is a major consumer of PIY in India, alongside rising production costs and supply chain disruptions that limited raw material availability. Manufacturers faced increased operational costs and logistical challenges, which they passed on to buyers amid recovering demand.
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Molecular Weight[g/mol]
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Molecular Formula
Polyester Industrial Yarn (PIY) is a high-performance synthetic fibre known for its exceptional strength, durability, and versatility, making it ideal for a wide range of industrial applications. Produced primarily from Purified Terephthalic Acid (PTA) and Monoethylene Glycol (MEG), PIY is utilized in the manufacturing of products such as conveyor belts, geotextiles, hoses, tire cords, and various types of industrial fabrics. Its resistance to abrasion, chemicals, and moisture, combined with its ability to withstand extreme temperatures, makes it suitable for demanding environments in industries like automotive, construction, and packaging. Available in various forms—including high tenacity and low shrinkage options—PIY can be tailored to meet specific requirements, ensuring optimal performance across diverse applications.
Packaging Type
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Incoterms Used
Synonym
PriceWatch Quotation Terms:
Ex-Location: This incoterm refers to a shipping agreement where the seller makes the goods available at their premises, and the buyer is responsible for all transportation costs, including shipping, insurance, and any other fees.
CIF: CIF refers to the Cost, Insurance, and Freight (CIF) terms for goods. Under CIF terms, the seller is responsible for the cost of goods, insurance, and freight charges until the goods reach the port of destination.
FD: FD stands for Free Delivered where the seller takes full responsibility for delivering goods to the location/port. This ensures the buyer receives the goods at the designated port with all necessary costs, except import duties, covered.
FOB: FOB refers to the Free On-Board shipping term, where the seller is responsible for the cost and risk of delivering the goods to the port. Once the goods are on board the vessel, the responsibility shifts to the buyer for all costs, including shipping and insurance.
Technical specification for Polyester Industrial Yarn
| Property | Specification |
| Denier | 2231.6 dtex |
| Elongation | 15.3% |
| Tenacity | 8.28 cN/dtex |
| Breaking Strength | 184.7 N |
| Thermal Shrinkage | 4.9% |
Applications
Polyester Industrial Yarn (PIY) is widely utilized across various industries due to its strength, durability, and resistance to abrasion and chemicals. Key applications include the production of conveyor belts, which require high tensile strength for transporting materials; geotextiles used in civil engineering for soil stabilization and erosion control; and canvas and tarpaulin fabrics for outdoor and industrial uses. Additionally, PIY is essential in the manufacturing of seat belts and safety harnesses, where reliability is crucial for user safety. Other significant applications include industrial sewing threads, transmission belts, hoses, and ropes, all benefiting from the yarn’s robust mechanical properties and versatility in various environmental conditions.
The pricing of Polyester Industrial Yarn is influenced by several key factors, including the cost of raw materials such as purified terephthalic acid (PTA) and mono-ethylene glycol (MEG), which are derived from petroleum. Fluctuations in crude oil prices directly impact these raw material costs. Additionally, energy prices, labour costs, and shipping expenses play significant roles in determining overall pricing. Market demand and supply dynamics, including seasonal trends and global economic conditions, also contribute to price volatility. Understanding these factors can help procurement heads make informed purchasing decisions and manage their budgets effectively.
There are primarily two pricing strategies used in the market for Polyester Industrial Yarn: market (spot) pricing and indexed pricing. Market pricing involves negotiating prices based on current market conditions, which can lead to volatility as prices fluctuate frequently. In contrast, indexed pricing is typically used for larger volume contracts, where prices are adjusted quarterly based on a predetermined formula that considers raw material costs. While indexed pricing offers more stability over time, market pricing may provide opportunities for lower costs during periods of decreased demand. Procurement heads should evaluate their risk tolerance and purchasing volume to choose the most suitable strategy for their needs.
To mitigate risks associated with the fluctuating prices of Polyester Industrial Yarn, procurement heads can adopt several strategies. Establishing long-term contracts with suppliers can provide price stability and ensure consistent supply. Additionally, diversifying suppliers can reduce dependency on a single source and enhance negotiation leverage. Keeping abreast of market trends and maintaining flexibility in purchasing strategies allows for timely adjustments based on market conditions. Collaborating closely with suppliers to understand their production capabilities and challenges can also lead to better forecasting and inventory management, ultimately minimizing the impact of price volatility on procurement budgets.
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