Polyester prices down by 20% in China

11/07/2012
Polyester staple fibres have fallen in price in China amid weakening market conditions.

Industry reports have said the average price for Chinese polyester staple fibres in June 2012 was $1.58 per kilo, down by 20% compared to the price in June 2011.

Excess supply and weak demand have been the main contributing factors, industry commentators said.