Polyethylene Terephthalate Asia

摘要

Asian PET prices fell a further $20-$30/mt week on week to $1,060/mt FOB Northeast Asia and $1,060/mt FOB Southeast Asia Wednesday, the fourth straight week of decline. A seasonal lull and the leadup to Ramadan continued to depress buying interest from regional PET bottle manufacturers for second half June and early July this week, market sources said. “Despite low inventory levels, buyers are unwilling to restock significant quantities now, preferring to wait until mid-July before placing orders for bigger volumes,” said a producer in Southeast Asia. “PET producers are faced with higher PTA and MEG feedstock costs and are unable to pass these costs on to buyers,” he added.