Polyethylene Terephthalate: Europe

摘要

June Northwest European PET contract prices were being settled at a decrease of Eur20-30/mt, according to producers this week—the first monthly fall since November 2009. “The situation is that the market has turned around on a sixpence. Demand has not picked up and customers are cautious. Raw materials have fallen away and people say the downstream pipeline is full—supermarkets are overstocked,” a producer said. “This has been working its way back upstream, and we accept that we will have to go down in price. We will end up giving the raws away, which is around Eur30/mt ($38/mt).