Polyester Fiber price falling due to weak PTA and MEG
- 06-Jun-2019 9:00 PM
- Journalist: Patrick Knight
In past two weeks, the polyester fiber prices have declined sharply. This decline can be attributed to lower PTA and MEG prices, which are raw materials of polyester polymer. The decline in raw materials is in turn due to the weak prices of crude oil.
The PTA prices have decreased to about INR 2,380 per metric ton in past two months, while the MEG prices have decreased to INR 4,060 per metric ton in the international market.