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PET: El mercado comienza bien y espera el regreso de la demanda

May 29, 2024, 11:58 AM
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During the Spring Festival, crude oil prices increased due to tensions in the Middle East, particularly on the Israeli-Lebanese border. WTI crude reached its highest since November 2022, while the polyester market reacted to rising raw material costs. Despite this, demand remains weak, limiting the overall profitability of polyester producers. As production gradually resumes post-holiday, the market outlook appears cautious amid high supply and low demand.