China's recycled polyester filament yarn price may rise: TexPro

The price of the recycled polyester filament yarn in China was 5,996.43 CNY/metric ton in January 2021. It increased in the first quarter of 2021 to reach 7,242.39 CNY/metric ton in March 2021, recording a surge of 20.78 per cent owing to higher feedstock costs and enough orders.

However, the price decreased in the following months. It dropped by 9.02 per cent to reach 6,589.29 CNY/metric ton in May 2021 due to a decrease in the downstream demand, according to Fibre2Fashion’s market analysis tool TexPro.

The manufacturers were selling at discounted prices to boost sales, but after the prices started decreasing, downstream buyers began replenishing their stock.

Fibre2Fashion News Desk (KD)