Polyester prices have stayed very stable in the past days, as China was very slowly returning to work. Prices have been frozen for weeks by lunar year holidays and they are not expected sharply moving in the coming period. A fall of PTA and MEG prices could however depress polyester prices.
Polyester fiber prices have stayed frozen in the first days after the end of lunar year holidays in China.
Demand from textile producers is slowly recovering whereas operating rates are being progressively raised at polyester plants.
The change in prices could come from the raw material costs, after PTA and MEG prices have today begun sliding.
Crude oil prices may eventually drop whatever production costs of OPEC producers.
The US output is rapidly rising, in line with a continuous fall of marginal costs at shale gas units.
As extraction costs decline, crude oil prices will follow whatever OPEC and Russian policies.
The global economic slowdown limiting the crude oil consumption is another bearish factor for crude oil prices.
On the polyester market in addition, the current fall of cotton prices below 70 cents in New York is leaving room for lower prices.
Source: Emergingtextiles
