Prices of polyethylene terephthalate (PET), a form of polyester that is used in the production of plastic bottles, have plummeted by 56% in recent days after sharp rise over the past few months, the secretary of Mineral and Potable Water Producers Association said.
Peyman Forouhar said prices that had climbed to a record level of 250,000 rials ($2.2) per kilo have now fallen to 110,000 rials ($1.2).
December 08, 2018 17:52
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PET Prices Decline in Iran
Following instability in forex market, the petrochemical sector has been in chaos, particularly PET, as most companies prefer to export instead of selling in the domestic market flooded with cumbersome rules, price restrictions plus corruption
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