Polyester staple fibre & filament yarns Prices, markets & analysis
ICIS offers trusted and reliable market intelligence for those buying or selling Polyester staple fibre & filament yarns or related products in the global Polyester staple fibre & filament yarns market.
Our reporters across Asia, Europe and the US keep in touch with local markets, bringing you price assessments, in-depth news and analysis which you can rely on to guide you in your commercial decisions.
Polyester staple fibre & filament yarns Overview Transcript
Polyester filament yarn or PFY products include partially oriented yarn POY and fully drawn yarn FDY and drawn texturised yarn DTY. Together with polyester staple fibre PSF and hollow conjugate fibre HCF, these products are used in textiles.
PFY is spun and knitted into fabric for upholstery, curtains, and garments. PSF is spun into yarn and then woven into fabric for clothing. HCF can be used as stuffing for toys and bedding.
The polyester products are made directly from feedstock terephthalic acid, PTA and monoethylene glycol MEG, or indirectly from fibre chips.
Polyester prices check closely the chain in feedstock PTA prices and are also affected by downstream textile demand.
As the primary substitute to natural fibre such as cotton polyester demand fluctuate with the supply and demand balance in the cotton market. Tight global supply of cotton is providing a boost in polyester usage in textiles
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Polyester staple fibre & filament yarns news and market information products from ICIS
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Polyester staple fibre & filament yarns: Market overview
Asia is the largest manufacturing and consumption hub for polyester staple fibre (PSF) and filament yarns (PFY) in the world. It produces more than 90% of global PSF and PFY, and 65-70% of the region’s output comes from China. These figures are supported by the region’s strong growth in the textile industry, which is expected to have a growth rate of around 6-7%/annum.
Asia’s polyester capacity growth, which is estimated at 17% in 2013, outstrips demand growth. This indicates lower operating rates and places constant pressure on prices.
The key factor to affect polyester prices is raw materials. Polyester prices moved closely with the prices of feedstocks purified terephthalic acid (PTA) and monoethylene glycol (MEG).
Looking forward, India’s polyester demand should remain strong amid the country’s peak textile manufacturing season, which started from early May and is expected to last until the end of September. However, a rapid depreciation of the Indian rupee is likely to curb the country's textile consumption.
In China, steep price increases of feedstock MEG and PTA in July and August have hurt polyester margins in China as polyester makers were not able to pass on cost hikes to the textile industry during the slow July-August textile manufacturing season. There are hopes that polyester margins will be recovered during the remainder of the year as it is the peak textile manufacturing season in the country.
Updated to mid-August 2013
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About Polyester staple fibre & filament yarns
The key use for polyester staple fibre and filament yarns is in textiles.
Polyester staple fibre (PSF) is of a short length and is derived either directly from the polymerisation of purified terephthalic acid (PTA) and monoethylene glycol (MEG) or from PET fibre chips.
Polyester filament yarn (PFY) is of a long length and is extruded directly from the polymerisation of PTA and MEG (this becomes spin drawn yarn) or indirectly from fibre chips (which results in fully drawn yarn).
Partially oriented yarn (POY) is derived from melting and spinning fibre chips. POY is then extruded and texturised into drawn texturised yarn (DTY).
PSF is spun into yarn then woven into fabric for apparel. Common lengths are 38 mm or 40 mm. It can also be used as stuffing for toys and pillows and as insulation and wadding for bedding and furniture. This grade is called hollow conjugate fibre, or fibre-fill. PFY is spun and knitted into fabric for upholstery and curtains. POY is a feedstock for DTY, which is in turn used for textiles.