Europe PET prices sky rocket but imports still not a threat

摘要

LONDON (ICIS)--The cost of polyethylene terephthalate (PET) in Europe has sky rocketed but prices remain below Asian offers, so domestic sellers are safe from competitive alternatives, sources said on Wednesday. “European producers know that Asia will not be competitive, so they are free to increase the prices,” a buyer said. Spot has risen steadily from ?1,040/tonne FD (free delivered) Europe in December to hit ?1,200/tonne, and offers keep surging because there is so little supply.