Home / Knowledge / News / Textiles / Polyester production under pressure as crude oil prices accelerate
Polyester production under pressure as crude oil prices accelerate
Jun '08
Sky rocketing crude oil prices have once again pushed up the spot prices of polyester raw materials like Ethylene Glycol (EG) and PTA. This in turn has driven June offer for polyester fibre up by 2 Taiwan yuan per kilogram. DTY prices from lower plants have also depicted an upward trend.

To add to the already chaotic situation, appreciation of NT dollar has nearly stagnated the inflow of orders for textile and garment manufacturers.

While EG spot prices in Far East area were at US $1,120 per ton, up by 2.5 percent from last week, PTA price rose by $20 to touch $1,075 per ton due to sudden price increases in Paraxylene (PX).

Market analysts believe that although EG prices are likely to remain stable at $1100 per ton this year, profits from PTA may not accrue due to soaring crude oil and PX prices. Moreover, Mitsubishi Chemical of Japan and Ningbo Sanling of China have also announced a cut in Asian production due to overhaul resulting in a 20-30 percent reduction in the two countries.

On the other hand, PTA production capacity in Indonesia is also likely to show a cut of 5-10 percent and a closure of manufacturing units if profits continue to get squeezed.

Fibre2fashion News Desk - China

Must ReadView All

Textiles | On 25th Oct 2016

Arvind to dilute 10% stake in brand business arm

Arvind Limited, one of India’s largest integrated textile and apparel ...

Courtesy: Commonwealth Bank of Australia

Textiles | On 25th Oct 2016

World’s first cotton shipment using Skuchain’s Brackets

The world’s first trade transaction involving shipment of cotton...

Textiles | On 25th Oct 2016

Cotton yield to increase to 568.29 kg/ha in 2016-17: CAB

At its first meeting for the cotton season 2016-17, the Cotton...

Interviews View All

Anvita Mehra
Confidential Couture

‘It is going to take some time for Indian buyers to get accustomed to...

Pratik Bachkaniwala
Palod Himson Machines

Fabric processing machines are picking up

Anshul Sood

‘Indian footwear market is nascent and largely a trend follower’

Eric Scholler

The Indian market has huge potential in technical textiles, and by far,...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Kevin Nelson

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Sonam & Paras Modi

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

October 2016

October 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


Advanced Search