- Low Polyester Sales- is built to meet cost pressures



Market sources reported that Asian mono ethylene glycol imports fell on Aug. 31, as a result of bearish sentiment,
as energy futures fell. October
ICE Brent crude oil futures fell $7.13/b over the Asian close of $97.41/b at
approximately 4:30 PM Singapore time (0830 GMT). According to regional suppliers, they were anticipating
further declines in demand. Textile prices were also low. Domestic demand for PET resin downstream was healthy in
Indonesia, however. Although some industry
professionals noted that demand-side fundamentals should be stable over the
long-term as PET prices were not tied to upstream movements, recyclers
expressed concern about continuing cost pressures due to soaring transport
costs and manpower. According to a market
source, minimum wages have increased along with petrol costs. This means that
PET...