Iran's PET Market Stable

The local PET market has stabilized as the supply has increased compared to last year, secretary general of the Association of Petrochemical Employers Unions said.
Speaking about polyethylene terephthalate (PET), which is one of the products in the petrochemical industry downstream sector, Ahmad Mahdavi-Abhari said: “Shahid Tondgouyan Petrochemical Complex, the only PET company in Iran produces large volumes and the market is now stable,” IRNA reported.
Earlier he had said there is no concern about feedstock as production is high enough and can meet the market's need in summer when demand soars.