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China Sourcing Update: Prices of Chemical Textile Materials (May 2017)

Prices of Chemical Textile Materials

1. Price indices of polyester fall and then rebound in May

The price indices of polyester  went down during early to mid-May and rebounded afterwards (see exhibit 1). For example, after dropping from 7,785 on 28 April to 7,290 on 11 May, the price index of polyester POY picked up to 7,650 on 31 May.

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 declined during early to mid-May and rose during mid- to late May.

Going forward, we expect the prices of polyester to fall again in the near future, as the prices of PTA have dropped since late May.

Exhibit 1: Price indices of polyester, May 2016 to May 2017

Prices-of-Chemical-Textile-Materials-May-2017

 

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Content provided by Fung Business Intelligence
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