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

Prices of Chemical Textile Materials

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

The price indices of polyester went up in early January and declined afterwards. For example, the price index of polyester DTY climbed from 10,200 on 29 December 2017 to 10,550 on 9 January 2018, before retreating to 10,250 on 31 January 2018.

The main reasons for the rise in the prices of polyester in early January were an increase in the prices of purified terephthalic acid (PTA), a major raw material of polyester; and an improvement in the downstream demand for polyester. The prices of polyester dropped during mid-to late January as the prices of PTA fell and the downstream demand softened.

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Content provided by Fung Business Intelligence
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