Related Keywords: ethylene price, MEG price, monoethlene glycol price, paraxylene price, polyester fiber price, polyester fibre price, Polyester filament prices, PTA price, purified terephthalic acid price, textile price forecast
Everything in synthetic fibre markets, especially polyester, has been revolving around crude oil price, and hence the US$. The first signs of policy change in US, expectation of a hike in interest rates, have led to a flight to the US$, supported by other currencies being devalued. And with world powers reaching a framework agreement with Iran to curtail its nuclear program, the stage has been set to end the sanctions that have restrained Iran’s exports.
