Behind the Rising Price of Polyester

01/06/2011 at 9:09 am Leave a comment

For years, the primary indicator of polyester fiber or filament cost was the fluctuation in petroleum prices.  If the price of a barrel of oil increased, so did the price per pound of the base synthetic ingredient: polyester staple fiber (PSF).

“This last eight months has been different,” says Alasdair Carmichael, president of the Americas division of the U.K.-based PCI Fibres. “Oil has been increasing, but the rate of increase at the fiber level has been greater than the increase at the oil level.”  A new factor has come into play in the past year, and it’s surprised industry watchers.  The price increases this year are demand-driven, Carmichael says, and the additional demand is due, in large part, to a shortage of cotton.

CLICK HERE to read the full story in Specialty Fabric Review.


Entry filed under: Business, Economy, Environment, Farming, Textiles. Tags: , , , , , , .

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