9 Aug 2017
China Sourcing Update-Prices of Chemical Textile Materials (Jul 2017)
Prices of Chemical Textile Materials
1. Price indices of polyester rise and then retreat in July
The price indices of polyester went up during early to mid-July and then dropped in late July (see exhibit 1). For example, after rising from 9,350 on 30 June to 9,850 on 17 July, the price index of polyester DTY declined to 9,700 on 31 July.
In our view, the fluctuation in the prices of polyester in the month was largely influenced by the movement of the prices of purified terephthalic acid (PTA), a major raw material of polyester. The prices of PTA soared during early to mid-July and then fell in late July.
Looking ahead, we expect the prices of polyester to fluctuate around the current levels in the near term, as the prices of PTA have stabilized lately.
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