Global : Polyester prices on the decline

According to the sources the polyester prices and local polyester prices have come down from their October prices.

In India, local prices of polyester 1.4 Denier SD is unaffected from October in rupee per kilogram terms, but came down from the equivalent of 69.16 U.S. cents per pound to 66.70 in U.S. dollar terms because of rupee declines against the U.S. dollar.

In Asia, outside China, 1.4/1.5 Denier fiber is presently between 49.00 and 55.00 U.S. cents per pound; this shows a 2 to 3-cent drop from October prices.

Price of short staple polyester fiber in China is now averaging 10,575 yuan per ton, or equal to 59.33 U.S. cents per pound; this compares to the October average of 10,950 yuan per, ton or nearly 61.39 U.S. cents per pound.

US market continues to register the highest prices in the world; prices for the 1.4/1.5 Denier staple fiber in US market are averaging 83.00 to 89.00 U.S. cents per pound.

Prices are unaffected in Europe in euro terms at 1.30 - 1.50 euro per kilogram, but have come down from 1 up to 8 U.S. cents per pound in U.S. dollar terms due to dollar's strength against the euro.

Fibre2fashion.com