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

1. Price indices of polyester trend further downward in November

The price indices of polyester trended further downward in November. For example, the price index of polyester DTY went down from 11,700 on 31 October to 10,200 on 30 November.

The marked fall in the prices of polyester in November was mainly caused by a plunge in upstream costs: triggered by a sharp drop in the global crude prices, the prices of purified terephthalic acid (PTA), a major raw material of polyester, went down considerably in November. Meanwhile, downstream demand was still weak during the period.

Recently, the PTA prices have rebounded amid the latest rise in the glocal crude prices. We therefore expect the prices of polyester to show a rebound soon.

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Content provided by Fung Business Intelligence
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