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China Sourcing Update: Prices of Chemical Textile Materials (Aug 2018)

1. Price indices of polyester soar in August

The price indices of polyester rose sharply in August. For example, the price index of polyester DTY shot up from 11,525 on 31 July to 13,600 on 31 August, the highest level in more than six years.

The surge in the prices of polyester in August was mainly triggered by a hike in upstream costs: the prices of purified terephthalic acid (PTA), a major raw material of polyester, went up markedly in the month. Moreover, an improved downstream demand and a tight supply of polyester also supported polyester prices.

Looking ahead, we expect the prices of polyester to stay high in the near future amid high upstream prices and a tight supply of polyester.

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Content provided by Fung Business Intelligence
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