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Cotton & MMF outlook-2020
World cotton production is projected to be lower than its consumption for the fourth year in row. This has marginally supported the cotton prices in CS19 despite the subdued demand.
Polyester intermediate prices rise
Polyester intermediate prices have continued rising in the very recent week,and are expected to further climb after Chinese holidays.
PET market affected by PTA & MEG prices
The global polyethylene terephthalate (PET) market will continue to be affected by upstream market volatility because of economic uncertainty. As PET pricing is partly driven by the upstream purified terephthalic acid (PTA) and monoethylene glycol (MEG) prices, margins are expected to remain thin.
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