21 March 2017
China Sourcing Update: Prices of Chemical Textile Materials (Feb 2017)
Prices of Chemical Textile Materials
- Price indices of polyester rise and then retreat in February
The price indices of polyester went up during early to mid-February and then dropped in late February (see exhibit 1). For example, the price index of polyester DTY rose from 10,200 on 23 January to a two-year high of 10,525 on 15 February, before falling to 10,400 on 28 February.
According to media reports, 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 rose markedly during early to midFebruary and declined afterwards.
Going forward, we expect the prices of polyester to drop further in the foreseeable future, as the prices of PTA continued to fall during late February to early March.
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