Synthetic Resources Inc
Q3 Cost Trends That Impact the Textile Industry
Updated: Dec 2, 2020
There are a few notable points to draw your attention to from the above charts:
The US dollar loses buying power against Chinese and Taiwanese currencies as shown in the downward lines present in the first two figures.
Oil prices steadily rose throughout Q3, further contributing to the growing freight costs as mentioned in our logistics trends blog post.
Raw material prices stabilize due to reduced capacity in planned production creating a shortage in the global marketplace
For these reasons, we anticipate pressures for prices to move in the upward trend. Should you have any questions, please do not hesitate to connect with us.
Disclaimer: This post was prepared for informational purposes only based on data from Google Finance and is not intended to be used as a complete source of information, and data can vary slightly due to rapidly changing market conditions.