During the second half of 2024, the Nylon POY market showed a mostly soft pattern, with only short periods of support. At the start of H2, prices in Asia rose slightly as production costs increased for a brief time, but this strength faded quickly.
Demand from major textile areas remained weak, as weaving units continued to run at lower rates and relied on their existing inventory instead of fresh buying. Even when export activity improved for a short period in late Q3, downstream confidence stayed limited, and the market could not hold onto the early gains.
In Europe, the situation was similar. Slight cost-driven support appeared early in the period, but consumption in textiles and related industries stayed muted. Buyers ordered cautiously, and manufacturers hesitated to make firm upward adjustments. Any improvement in sentiment during Q3 did not translate into sustained growth, keeping the overall trend soft.
North America also experienced a cautious market. A short-lived boost appeared when logistics improved and some textile units increased activity, but this recovery was limited. As Q4 approached, downstream buyers cut back on purchases again due to soft demand, leading to a mostly stable-to-soft environment.