20 Sept 2017
China Sourcing Update: Prices of Chemical Textile Materials (Aug 2017)
1. Price indices of polyester drop and then rebound in August
The price indices of polyester went down in early August and then picked up during mid- to late August (see exhibit 1). For example, after falling from 9,700 on 31 July to 9,475 on 10 August, the price index of polyester DTY rebounded to 9,700 on 31 August.
According to the local media, in early August, the prices of polyester declined on soft upstream costs. However, a rise in the restocking demand from downstream manufacturers has pushed up the prices of polyester since mid-August.
Going forward, the downstream demand for polyester is likely to remain strong in the current high season. Thus, we expect the prices of polyester to go up further in the near future.
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