polyester industrial yarn Pricing Assessment

Markets Covered:

China

United States

South Africa

Turkey

India

Polyester Industrial Yarn Price Trend, Analysis and Forecast

In the first quarter of 2024, 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.

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.

As of September 2024, PIY prices in China reported a slight decline to approximately USD 1,180 per metric ton, down from the previous quarter. This decrease can be attributed to several global factors, including falling Crude Oil prices and a general slowdown in demand due to economic challenges in key markets. The easing of feedstock costs also played a significant role in this price reduction, as manufacturers adjusted their pricing strategies amid shifting market conditions. Supply chain disruptions persisted, leading many manufacturers to adopt a cautious approach regarding inventory management.

Looking ahead to the fourth quarter of 2024, PIY prices are expected to experience fluctuations as manufacturers prepare for potential increases in demand during the festive season. Anticipated production ramp-ups may lead to price increases if demand surges significantly. Furthermore, any potential rises in feedstock costs could impact pricing dynamics during this period. Global economic conditions will continue to play a crucial role, with factors such as Crude Oil prices and international trade dynamics influencing market behaviour as manufacturers navigate through these challenges.

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is your trusted resource for tracking global polyester industrial yarn price trends. Our platform delivers real-time data and expert analysis, offering deep insights into the key factors driving price fluctuations in the polyester industrial yarn market. By monitoring critical events such as geopolitical tensions, supply chain disruptions, and economic shifts, keeps you fully informed of market dynamics.

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Track 's polyester industrial yarn price assessment on a weekly basis since 2015 onwards, along with short-term forecasts, and get access to the detailed report in a downloadable format.

Historically, several events have caused significant fluctuations in polyester industrial yarn prices

Supply Chain Disruptions and Inflation (2021-2022): In the wake of the pandemic, various global factors contributed to ongoing supply chain disruptions, including shipping delays, labour shortages, and rising inflation rates. These issues led to increased production costs for polyester yarn manufacturers as they faced higher prices for raw materials and logistics. For example, between June and July 2022, the price of PTA fell significantly, which subsequently impacted the price of polyester yarn. Despite this temporary drop, the overall trend remained upward due to persistent inflationary pressures and increased demand from recovering markets.

COVID-19 Pandemic (2020): The onset of the COVID-19 pandemic in early 2020 caused widespread disruptions in supply chains and manufacturing processes globally. Many textile factories were forced to shut down or operate at reduced capacity, leading to a significant decrease in demand for polyester yarn. This resulted in a substantial drop in prices during the second quarter of 2020 as manufacturers struggled with excess inventory and declining orders. As economies began to recover later in 2020 and into 2021, demand rebounded sharply, causing prices to surge again due to pent-up demand and ongoing supply chain challenges.

U.S.-China Trade War (2018-2020): The trade tensions between the United States and China led to the imposition of tariffs on various goods, including textiles and yarn. As the U.S. sought to reduce its reliance on Chinese imports, many manufacturers turned to alternative sources, which affected global supply chains. This shift created volatility in polyester yarn prices as demand fluctuated based on changing trade policies and tariffs. The uncertainty surrounding the trade war caused manufacturers to adjust their pricing strategies, leading to increased prices in some regions while others experienced declines due to oversupply.

Methodology and Specifications

polyester industrial yarn Pricing Assessment Research Methodology

Data Collection and Sources

Real-Time Market Data: aggregates real-time pricing data from a diverse range of sources, including global commodity exchanges, industry reports, and proprietary databases. This ensures that our assessments reflect the most current market conditions.

On-the-Ground Intelligence: Our team gathers insights directly from key market participants, including producers, suppliers, traders, and end-users, across major Polyester Industrial Yarn production hubs. This ground-level intelligence is crucial for understanding localized market dynamics.

Supply Chain Monitoring: We track the entire Polyester Industrial Yarn supply chain, from raw material feedstock Purified Terephthalic Acid (PTA) and Monoethylene Glycol (MEG) availability to production and distribution channels. This includes monitoring feedstock PTA and MEG prices, production capacities, and transportation logistics.

Event Tracking and Impact Analysis

Geopolitical Tensions: continuously monitors global geopolitical developments, such as conflicts or trade disputes, which can significantly impact Polyester Industrial Yarn prices. Our analysis includes potential disruptions to supply chains and their immediate and long-term effects on pricing.

Natural Disasters and Climate Events: We assess the impact of natural disasters, such as hurricanes or winter storms, on Polyester Industrial Yarn production facilities, particularly in vulnerable regions like the U.S. Gulf Coast. These events are factored into our price forecasts and supply outlooks.

Economic Shifts: evaluates macroeconomic trends, including global economic growth, inflation rates, and sector-specific demand (e.g., textiles, apparel), to predict shifts in Polyester Industrial Yarn demand and corresponding price movements.

Production Capacity and Supply Analysis

Current Production Monitoring: We maintain a comprehensive database of global Polyester Industrial Yarn production facilities, tracking their operational status, maintenance schedules, and output levels. This allows us to assess current supply availability accurately.

Future Capacity Projections: Our research includes detailed forecasts of upcoming Polyester Industrial Yarn production capacities, factoring in new plant constructions, expansions, and technological advancements. This helps in predicting future supply trends and potential price stabilization.

Demand Forecasting

Sectoral Demand Analysis: provides in-depth analysis of demand trends across key sectors, including textiles, apparel. We track year-on-year demand growth and project future consumption patterns based on economic indicators and industry developments.

Global Demand Dynamics: Our methodology considers regional demand variations and how they influence global Polyester Industrial Yarn pricing. This includes understanding the impact of shifts in manufacturing bases, trade policies, and environmental regulations.

Pricing Model Development

Dynamic Pricing Models: utilizes advanced econometric models to forecast Polyester Industrial Yarn prices, incorporating real-time data, historical trends, and projected market conditions. Our models are continuously refined to enhance accuracy and predictive power.

Scenario Analysis: We conduct scenario-based assessments to evaluate potential future market conditions. This includes best-case, worst-case, and most likely scenarios, helping our clients prepare for a range of market outcomes.

Reporting and Client Support

Comprehensive Reports: Our clients receive detailed reports that include current price assessments, future price forecasts, and in-depth analysis of market drivers. These reports are designed to be actionable, providing clear insights and recommendations.

Ongoing Support: offers continuous updates and personalized support to our clients, ensuring they have the most up-to-date information to make informed decisions. Our experts are available to discuss specific market developments and provide tailored advice.

This research methodology ensures that delivers the most accurate, timely, and actionable Polyester Industrial Yarn pricing assessments, helping our clients stay ahead of market trends and make informed business decisions.

Specifications

Molecular Weight[g/mol]

20000 to 100000

CAS No

80595-68-2

HS Code

54022090

Molecular Formula

(C₁₀H₈O₄) n

polyester industrial yarn

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

600 Kg Pallet

Grades Covered

2220D/ 384F

Incoterms Used

FOB Shanghai, Ex-Surat, CIF Houston (China), CIF Cape Town (China), CIF Mersin (China), CIF Nhava Sheva (China).

Synonym

Polyester High Tenacity Yarn

Quotation Terms:

15-20 MT

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.

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.

Disclaimer

Polyester Industrial Yarn price provided by is a base price and excludes VAT/Taxes, discounts, or offers. The information herein is accurate to the best of our knowledge as of the date indicated and is provided solely for the convenience of our customers as a reference for polyester industrial yarn. disclaims any warranties or representations regarding the accuracy of results derived from this information. It is the sole responsibility of the user to assess the suitability of the product for their specific application. This document does not constitute an endorsement to use the product in violation of any applicable patent rights.

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Frequently asked questions

What factors influence the pricing of Polyester Industrial Yarn? +

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.

How do pricing strategies affect the cost of Polyester Industrial Yarn? +

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.

How can procurement heads mitigate risks associated with Polyester Industrial Yarn pricing? +

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.