Geoff Krasnov offers apparel/clothing/garment manufacturing and sourcing news.

Thursday, November 18, 2010

Polyester Prices Surge on New Demand- Cotton May Have Peaked?

Recent news from China has all petroleum based fibers, especially PET, polyester, nylon and urethanes, increasing in price from 20-45% over the past two months due to increased demand and rising petroleum costs.

In the meantime, cotton may have peaked, as recent signs of a drop off in pricing could be either a telling sign of an eventual return to normalcy or a hiccup in the forward trend. Regardless, cotton bought at all time highs is in process or in the field and it will take many months for it to be converted to apparel and reach market, so we are facing serious price increases in apparel for spring and fall seasons of 2011. A new article on Bloomberg can be read here


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