Veteran Textile Trader Sees Chinese PTA Costs Rising, Polyester Fabrics Pushed Ten Percent Higher

SHANGHAI — The Chinese home textile and fabrics industry is losing support from the Chinese government and prices are expected to go dramatically up, according to Roland Henao, a veteran trader of Chinese textiles with 20 years experience. "Without a question, the customer will be paying as much as 10 percent more for their Chinese-made goods immediately,” says Henao, principal...