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

Prices of Chemical Textile Materials

1. Price indices of polyester rise in April

The price indices of polyester [1] went up in April. For example, the price index of polyester DTY climbed from 10,400 on 30 March to 10,850 on 28 April, the highest level since October 2014.

The increase in the prices of polyester in April was mainly triggered by a rise in upstream costs: the prices of purified terephthalic acid (PTA), a major raw material of polyester, went up in the month. A strong downstream demand for polyester from textiles manufacturers also supported polyester prices.

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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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