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In Asia, the world’s largest fiber-producing region, the prices of synthetic fiber witnessed decline by 2.5% in the month July compared to the same month last year after rising during a few weeks in June. Though an improvement compared to June’s 4 percent drop, there is no indication that demand has return to normal in Asia.
However, in China rationalization of polyester supply has kept prices from dropping further. Polyester prices are being pressured by falling cotton prices and a lack of strength in mill demand.
