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China Sourcing Update: Prices of Chemical Textile Materials (Dec 2017)

Prices of Chemical Textile Materials

1. Price indices of polyester drop and then rebound slightly in December

The price indices of polyester went down during early to mid-December and picked up afterwards. For example, the price index of polyester DTY declined from 10,450 on 30 November to 10,150 on 18 December, and then edged up to 10,200 on 29 December.

The fall in the prices of polyester during early to mid-December was caused by a weak downstream demand. Afterwards, the slight rebound in the prices of polyester in late December was triggered by an increase in the prices of purified terephthalic acid (PTA), a major raw material of polyester.

Going forward, the upstream costs of polyester are likely to go up further in the near term. Thus, we expect that the prices of polyester will continue to rise.

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Content provided by Fung Business Intelligence
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