The Nylon FDY market went through a mixed but mostly soft phase during the second half of 2024. In Asia, prices showed small rises at the start of the period because feedstock costs increased as crude oil strengthened. However, this support faded quickly.
Demand from key textile hubs, especially in eastern China, stayed weak as weaving and knitting units continued to run cautiously and relied on their existing raw material stocks. Oversupply in upstream materials such as PTA also kept pressure on the market, limiting any meaningful upward movement. Although there were moments of slight recovery late in Q3 as export orders looked steadier and some downstream sectors hinted at improvement, the momentum did not carry through strongly into Q4.
Europe followed a similar pattern. Early in H2, firmer raw material costs gave a mild push to FDY sentiment, but downstream demand remained soft. Manufacturers hesitated to raise offers because retailers and converters were still ordering small volumes. Even though confidence improved briefly in Q3 as the manufacturing sector stabilized, consumption in textiles and automotive did not fully rebound, which kept the region’s FDY prices from strengthening.
North America also saw a cautious market. The easing of logistical issues in Q3 helped create a short period of optimism, and some textile segments showed slight improvement. However, the recovery stayed limited. When heading into Q4, downstream buyers shifted back to minimal purchasing as broader textile demand remained weak, resulting in a largely stable-to-soft price environment. Overall, H2’24 for Nylon FDY was shaped by weak demand, cautious buying, and limited cost-driven support.