11 July 2017
China Sourcing Update: Prices of Chemical Textile Materials (Jun 2017)
- Price indices of polyester rise in June
The price indices of polyester fell in early June and rose afterwards (see exhibit 1). For example, after dropping from 7,650 on 31 May to 7,540 on 6 June, the price index of polyester POY went up to 7,850 on 30 June.
The increase in the prices of polyester during early to late June was due largely to an improvement in the downstream demand for polyester from textiles manufacturers, in our view.
Looking ahead, we expect the prices of polyester to go up further in the near term, as the downstream demand for polyester is likely to remain strong and the prices of purified terephthalic acid (PTA), a major raw material of polyester, have risen since late June.
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