Crude oil plummeted by 10% and the cost of PTA continued to plummet! The polyester industry chain is under collective pressure and the price of polyester yarn may drop

During the May Day holiday, the U.S. banking crisis continued to simmer and concerns about economic recession continued to dominate the market sentiment. Oil prices fell sharply, down more than 7% compared with before the holiday; as of May 3, the price of naphtha was 584 US dollars / ton , down $50/ton, or nearly…