The global Polyester Filament Yarn (PFY) market experienced a downturn in early October, across all key markets, including Asia, North America, and Europe. In Asia, the overall decrease in PFY prices was primarily driven by a continued drop in feedstock Purified Terephthalic Acid (PTA) prices in late September xxxx, along with lower-than-expected demand following the National Week Holidays and rising inventories. Since North America and Europe heavily depend on PFY exports from Asia, these factors also affected PFY prices in those regions. September xxxx saw historically low PFY pricing across Asia, North America, and Europe, attributed to prolonged depreciation in production costs, largely influenced by the decline in feedstock PTA prices.
In Asia, PTA prices fell by approximately x.xx in late September xxxx before rebounding by about xx, attributed to maintenance turnarounds at PFY plants and seasonal demand related to the festive Golden October, which is expected...
