Mumbai market records low PTMEG prices – 21 Aug 2024

In the Mumbai market, Polytetramethylene Ether Glycol (PTMEG) prices have witnessed a decline recently. Prices of this essential commodity have dropped by Rs 2/kg from Rs 392/kg on August 14, 2024 to Rs 390/kg today. This decline has come after a few days of price stability and is mainly due to lower demand from key sectors such as spandex fibre manufacturing, elastomers and other applications.

Its impact on the industry is significant, as PTMEG is a key raw material in the production of spandex fibres, polyurethane elastomers and various other high-performance materials. The price drop is likely to impact the cost structure of companies dependent on PTMEG, potentially reducing production costs.