8 May 2017
China Sourcing Update: Prices of Chemical Textile Materials (Apr 2017)
- Price indices of polyester fluctuate in April
The price indices of polyester went up during early to mid-April and fell afterwards (see exhibit 1). For example, after rising from 9,350 on 31 March to 9,700 on 18 April, the price index of polyester DTY dropped to 9,500 on 28 April.
In our view, the fluctuation in the prices of polyester in the month was mainly attributable to the rise and fall in the prices of purified terephthalic acid (PTA), a major raw material of polyester. The prices of PTA picked up in early April and declined during mid- to late April.
Looking ahead, we expect that the prices of polyester will continue to fall in the near future, as the prices of PTA have dropped further lately.
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