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IRAN WAR HITS ASIA'S POLYESTER SUPPLIERS TO GLOBAL FAST FASHION

  • NEWS Desk Global
  • Apr 24
  • 1 min read

A surge in fossil fuel prices since the Iran war is squeezing polyester suppliers and garment makers across India and Bangladesh, threatening to raise costs for fast-fashion retailers like Zara and H&M.

Filatex, one of India's biggest polyester yarn producers, ​is paying nearly 30% more for the petroleum-derived feedstocks - purified terephthalic acid (PTA) and monoethylene glycol (MEG) - that it needs to make yarn, as Chinese suppliers raise prices and Middle East supply is disrupted.


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