9 Nov 2017
China Sourcing Update: Prices of Chemical Textile Materials (Oct 2017)
1. Price indices of polyester go up in October
The price indices of polyester rose during mid- to late October (see exhibit 1). For example, the price index of polyester POY climbed from 8,350 on 13 October to an eight-month high of 8,780 on 31 October.
The main reasons for the increase in the prices of polyester in the month were high upstream costs and an improved restocking demand from downstream manufacturers.
Looking ahead, we believe that the prices of polyester will stay high in the near future as upstream costs are likely to remain high and the restocking demand for polyester is expected to stay strong.
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