Polyester Price Down to 12-Month Low in China
Polyester prices are now falling to a 12-month low in China, reflecting the lack of demand and the high level in inventories at fiber plants. An urgent need for cash is forcing producers in lowering prices while yuan's appreciation is depressing exports. Spun yarn prices are also declining at the same time. Source…
Egytex News Desk
Egytex
Polyester prices are now falling to a 12-month low in China, reflecting the lack of demand and the high level in inventories at fiber plants. An urgent need for cash is forcing producers in lowering prices while yuan's appreciation is depressing exports. Spun yarn prices are also declining at the same time.
Source: Emergingtextiles.com
From the Egytex news archive, first published on 22 April 2008. Figures and names are as reported at the time.
