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

Prices of Chemical Textile Materials

1. Price indices of polyester fall and then rise in February

The price indices of polyester [1] dropped in early February and then rose in late February. For example, after edging down from 10,250 on 31 January to 10,225 on 5 February, the price index of polyester DTY climbed to 10,325 on 28 February.

The increase in the prices of polyester in late February was triggered by a rise in the prices of purified terephthalic acid (PTA), the major raw material of polyester.

Looking ahead, we expect that the prices of polyester will fluctuate around the current high levels in the near term as upstream costs are likely to stay high.

Please click to read the full report.

[1] The indices are compiled by the China Chemical & Fiber Economic Information Network (CCFEI).

Content provided by Fung Business Intelligence
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