The Nonwoven Fabric market in Asia remained relatively flat during the second half of November 2024, primarily influenced by insufficient cost support from feedstock prices and moderate consumption levels across key downstream sectors. The stability in prices reflects a balance between supply and demand, with manufacturers adjusting production rates to maintain equilibrium.

In China, Nonwoven Fabric prices remained steady, with the price assessed at USD 1400/MT FOB Wuhu during the second half of November. This stability was largely driven by balanced feedstock prices, particularly polypropylene (PP), which is a crucial raw material in Nonwoven Fabric production. Polypropylene prices remained stable across the Chinese market due to limited consumption and ample supply. In response to these conditions, regional manufacturers opted to lower operating rates to prevent oversupply, thereby contributing to stable Nonwoven Fabric prices.

Economic indicators further supported the stable trend in China's Nonwoven Fabric market. The country’s Purchasing Managers' Index (PMI) for October showed a slight improvement, rising from 49.8% to 50.1%, indicating a marginal expansion in manufacturing activity. This improvement suggested a steady output for Nonwoven Fabric, ensuring sufficient availability in the domestic and export markets.

On the demand front, Nonwoven Fabric consumption across key downstream sectors was mixed. Demand for woven bags used in packaging fertilizers, cement, and rice remained stable, though there was a slight cooling in market sentiment, with buyers showing reduced interest in holding large inventories. Meanwhile, demand from the hygiene and healthcare sectors remained moderate, reflecting average consumption levels.

However, the textile industry provided some positive momentum for Nonwoven Fabric demand. Data from the General Administration of Customs highlighted robust growth in China’s textile and apparel exports. From January to October 2024, total exports reached 1.76 trillion CNY, representing a 3% year-on-year increase. Textile exports surged by 5.8%, while apparel exports grew by 0.7%. In October alone, exports increased by 8.5% year-on-year, demonstrating strong demand that indirectly supported the Nonwoven Fabric market.

In India, Nonwoven Fabric prices remained stable, with minor fluctuations observed during the second half of November 2024. The market was characterized by subdued demand following the festive season, which typically sees a spike in consumption. However, post-festive consumption showed signs of cooling, leading to adequate inventory levels across the region.

Additionally, overseas imports of Nonwoven Fabric remained consistent, contributing to a well-supplied market. Demand from downstream sectors such as hygiene, healthcare, and textiles showed limited growth during this period. As a result, prices for Nonwoven Fabric in India experienced a marginal decline of 0.3%, with prices assessed at INR 136030/MT Ex-Mumbai.