Published on December 16, 2014

With every day crude prices reaching new lower levels, the prices for other downstream products has jolted down. Crude has tumbled 48% in this last six months. The other major concern of the industry is depreciation of Indian currency. Polyester market has been operating in sync with crude prices. Bearish demand sentiments continue to dominate the polyester industry.

PTA is one of the intermediates of Polyester has decline significantly for this week. The biggest market of Polyester and other related products is China. Even these markets have started witnessing weak demand and very enquiries being heard from this industry. With heavy glut in the Para Xylene prices and Ethylene prices for this week, industry players are not in a mood to place any fresh orders as their anticipation for further decline in the prices of raw material become more prominent. Polyester industry is operating at moderate levels as the availability of raw material is bounty. Again demand continues to remain slow and sluggish forcing the manufacturers to retain their current production rate.