Producers sit tight as raw material costs remain high

摘要

Recent uncertainty regarding volatile raw material costs has left some European polyethylene terephthalate (PET) producers adopting a 'wait and see' approach to ensure they don't build up high-value stocks.With many producers running on low capacity,some warn that any improvement in the market could mean a shortfall of material.'There's been no pre-buying and there's not much in the system,' says one supplier,'so as soon as the decent weather kicks in I think there will be a reasonable chance of margins improving towards the end of the first quarter (Ql) and into Q2.'