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
PET Prices Decline in Iran PET Prices Decline in Iran

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).


Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

Add new comment