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This news about Trump's oil deal with Venezuela could signal shifts in global crude supply, directly impacting the price of petrochemical feedstocks such as PTA and MEG, key raw materials for polyester fibers. Any disruption or change in oil supply from Venezuela may cause volatility in energy prices, affecting production costs for synthetic fiber manufacturers. Downstream textile mills may face squeezed margins if raw material costs rise, while a potential oversupply could lower input prices, offering relief. Overall, the deal warrants close monitoring by textile producers exposed to syntheti
※ Opinion by KEFINE Insight