After steady, although modest, increases in polyester raw materials beginning in September, 2016, costs began to change direction in March/April. Asia spot raw materials began to decline in March resulting in a quick response in polyester packaging resin and fibre prices, particularly in China. Contract polyester raw material changed more slowly delaying price reductions in the US and European downstream markets until April.
The trajectory change in polyester costs in March/April begs the next question. Will raw materials continue to decline in the next several months?
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