Polyester chain prices seen crashing down rapidly last week

News Tags: ethylene price, MEG price, mono ethylene glycol price, paraxylene price, polyester filament price, Polyester price, polyester staple price, PTA price, purified terephthalic acid price, spun polyester price

Mumbai
Summary: 
As bearish sentiments continue to cast dark covering over the entire chemical fiber industry, prices of most varieties are hitting 11-year low. Producers are caught in great losses and the downtrend is predicted to extend for some more time. For immediate relief, manufacturers may successively start cutting production or plan turnarounds forcing supply tightness to support prices.

As bearish sentiments continue to cast dark covering over the entire chemical fiber industry, prices of most varieties are hitting 11-year low. Producers are caught in great losses and the downtrend is predicted to extend for some more time. For immediate relief, manufacturers may successively start cutting production or plan turnarounds forcing supply tightness to support prices.

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