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

Prices of Chemical Textile Materials

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

The price indices of polyester [1] went down during early to mid-March and rose in the second half of the month. For example, after dropping from 10,325 on 28 February to 10,150 on 13 March, the price index of polyester DTY climbed to 10,400 on 30 March.

The main reasons for the decline in the prices of polyester in the first half of March were soft upstream prices and a weak downstream demand. Afterwards, the prices of polyester increased as upstream costs rebounded and restocking demand from downstream manufacturers improved.

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

Content provided by Fung Business Intelligence
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