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Synthetic fiber prices fall in Asia as demand falls

With the passing away of the peak demand period in China for fibers, prices of synthetic fibers used in apparel have started to dip in the Asian market.

Spot price of polyester filament which is used in shirts was $1.12 to $1.13 a kilogram at the end of June, 2-3% less than that in April. Polyester staple, which is used in futon filler, was priced at 81 cents per kilogram at the end of June down 10% in two months.

Prices of ethylene glycol and high-grade terephthalic acid have risen due to some plant stoppages since June. But with orders expected to remain weak until around September when demand related to spring and summer clothing lines typically picks up, prices are likely to remain sluggish.

In addition, psychological unease about a sluggish global economy in the wake of the U.K.'s decision to exit the European Union could further weaken prices.

 
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