Polyester Filament Yarn (PFY) Prices Overview

Market Overview

Quarterly Update on Global Polyester Filament Yarn (PFY) Market
 
For the Quarter Ending September 2020
 
Asia
 
Limited sales continued to hamper the Asian PFY market throughout July, but the overall demand rebounded entering the September month amid the peak festive season and boosted year-end sales. Seeing that complete revival might take longer than anticipated time, economies (like India) eyed on the relief packages provided by the government to revive the textile sector. Disruptions in the raw material supply chain further added to the producer’s worry. Offers were raised as China, the world's leading polyester producer reported improved operating rates on the back of rising export orders. However, the news of imposition antidumping duty over Chinese PFY by the Indian and Vietnamese governments kept the traded volumes relatively low. The news of a major Indian petrochemical player entering PFY production in the coming years kept the Indian markets in close proximity to the country’s ‘Make in India’ goal.
 
North America
 
The PFY industry remained deterred by constrained trade and macroeconomic fragility while the American textile industries remained cautious on account of rising COVID-19 cases in the several countries. The news of Hurricane Laura forcing several US polyester fiber units to shut their units in Bay Saint Louis and Mississippi, forced PFY players to stay non-operational for over a month. Major producers in the region reported subdued sales, struggling to transfer substantial gains observed in the feedstock Monoethylene Glycol (MEG) due to consistent material shortage. The news of several US producers filing petition in response to surging low-priced volumes of polyester yarns imports from Indonesia, Malaysia, Thailand, and Vietnam buzzed the U.S. markets.
 
Europe
 

The textile imports stayed muted during the quarter ending September as major European players were heard stocked with ample polyester yarn inventories. Production rates in the textile sector were heard pressured as some countries declared lockdowns to combat the second wave of infections which producers feared may affect the offtakes. PFY pries were heard tracing an uptrend aligning with the feedstock MEG and PTA. By the end of the third quarter, Europe was heard seeking more PFY volumes as the demand season began in the region.

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Services
Market Analysis

Company-wise installed capacity, production volume and plant operating efficiency is captured directly from manufacturers. Import and Export volume is captured from government sources and demand for Acrylonitrile is calculated considering the production, import, export and inventory-levels on the country and regional level markets.

Pricing Analysis

Acrylonitrile price is correlated with the price trend of crude oil, demand-supply gap, Propylene and with movement across the downstream derivatives such as acrylonitrile-butadiene-styrene (ABS), styrene-acrylonitrile (SAN) etc.

Company Profile

Basic details and information on financial performance of leading global players in the Acrylonitrile market is presented in a visually captivating manner. Expansion plans and the company’s strategy is also captured to understand the vision and mission of the company to help understand the areas where companies need to focus more.

News & Deals

Daily updates on industry-specific and product-specific news, exclusive primary-based news capturing plant shutdowns/outages/closures, capacity expansions, operating rates, insights on demand-supply situation, awarding of technology licenses, new product launch and deals specifying mergers and acquisitions, strategic investments and disinvestments, to help players capitalize on market opportunity.

Methodology

ChemAnalyst gathers information through primary research surveys conducted with various Polyester Filament Yarn (PFY) manufacturers, spread across the domestic and international market, suppliers and dealers/distributors to gain insights into value-chains and demand-supply scenario to assess the market situation. Thorough study of company’s annual reports and secondary sources such as exhaustive search on credible paid databases, including our internal database is done to verify the information. All the collected information is analyzed, evaluated and presented in chronological order to depict a meaningful and clear picture of the concerned market.
 
Our dedicated team of industry experts comprehensively monitors and analyzes various aspects of the Global Polyester Filament Yarn (PFY) market. The team analyzes various industrial segments, strategic viewpoints and provides an analysis of the industry’s performance in the long run. This would enable our clients in efficiently plan their future investments, mitigate risk, understand the cost dynamics and strike out a balance amidst market volatility.
 
Critical examination of the impact of COVID-19 pandemic on the global supply chains and shift in demand patterns with change in buying behavior of consumers across the globe.
 
Several ongoing development projects across industries are tracked, followed by the details of major projects in the development stage, which can positively or negatively influence Global Polyester Filament Yarn (PFY) market.
 
Pricing is captured through exhaustive primary interviews with domestic and international
manufacturers, traders and importers and customers on weekly, monthly and yearly basis.
 

Finally, region-specific markets for Polyester Filament Yarn (PFY) are analyzed and region-wise demand pattern is tracked.

About

The key utilization of Polyesters has been in the textiles for making Polyester Yarns such as Partially Oriented Yarn (POY), Polyester Drawn Textured Yarn (DTY), Polyester Fully Drawn Yarn (FDY), Polyester Staple Fiber (PSF), Polyester Spun Yarn (PSY), Technical Yarn, Mono filaments Yarn etc. The fabrics used in the apparel industry are composed of mainly three types of yarn including Polyester Filament Yarn (PFY), Polyester Staple Fiber (PSF) and Viscose (mainly cotton). PFY accounts for around 40 per cent of the global polyester consumption. While Polyester staple fiber (PSF) are polyester fibers of short length having a length up to few centimeters, Polyester Filament Yarns (abbreviated as PFY) are long length (more than 1000 meters) polyester fibers obtained either directly by the polymerization of Purified Terephthalic Acid (PTA) and Mono Ethylene Glycol (MEG) or indirectly through fiber chips. PFY is spun and knitted into fabric for customers and home furnishings like curtains, bed sheets, bedsheets and draperies.