During the first half of 2023, Nylon POY prices were influenced by Nylon chip and flakes costs, as well as downstream demand. Prices remained stagnant due to surplus inventories from prolonged periods.
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Global inflation impacted consumer spending habits, leading to reduced Nylon POY consumption, particularly in DTY and slack fabrics, due to increased living costs. Economic challenges like China’s pandemic setback, Europe’s Russia-Ukraine tensions, and US bank collapses contributed to overall bearish market sentiment.
Definition
Nylon POY (Partially Oriented Yarn) is a type of synthetic textile fiber produced by partially aligning polymer chains during spinning. It serves as a precursor for fully drawn yarns (FDY) or textured yarns (DTY) through subsequent processing. Nylon POY is used in various applications, including apparel, home textiles, and carpets, due to its softness and bulkiness.
Key Details About the Nylon POY Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Nylon POY in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as Excel files that can be used offline.
The Nylon POY Price chart, including India Nylon POY price, USA Nylon POY price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting the Nylon POY Price Trend:
Nylon POY (Partially Oriented Yarn) finds significant industrial application as a precursor in textile manufacturing. It is further processed to create fully drawn yarns (FDY) and textured yarns (DTY) for applications in apparel, home textiles, and carpets. Renowned for its softness and bulkiness, Nylon POY enhances fabric texture and comfort, catering to diverse consumer preferences.
Key Players:
- Koninklijke DSM N.V.
- Evonik Industries AG
- Ascend Performance Materials
- Reliance Industries Limited,
- Zig Sheng Industrial Co., Ltd.
- DuPont de Nemours, Inc.
- BASF SE
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