Polyvinyl Chloride:US

摘要

PET margins were set to narrow in August following a 1.5 cents/lb increase in paraxylene contracts as domestic resin prices rollover from July at 59-60 cents/lb delivered for mid-sized buyers. The larger volume converters were heard buying PET in the mid-50’s cents/lb delivered. Typically PET makers have contracts that stipulate they need to give at least 15 days notice before raising resin prices. Since they did not issue an August increase back in July, producers are not able to push for higher prices until September when they will try to implement a 3 cents/lb price hike. A 1.5 cents/lb climb in PX translates to about a 0.87 cents/lb increase in cost for PET. This would be offset minimally by a 0.15 cents/lb drop in MEG costs, but with profitability in PET already strained; any loss of margin is difficult for producers to absorb.