PET prices in Europe remain unchanged – PET prices Europe
PET prices Europe PET prices Europe PET prices Europe PET prices Europe PET prices Europe PET prices Europe PET prices Europe PET prices Europe PET prices Europe PET prices Europe
PET prices in Europe remain unchanged
MOSCOW ( MRC ) – Domestic prices of polyethylene terephthalate (PET) in Europe remained unchanged last week, while the supply level remains limited, ICIS reports citing sources in the market.
Thus, domestic prices last week remained at the level of EUR1,080-1,180 per tonne, FD Europe.
Conditions on the market remain unchanged from the end of August, while a limited supply remains, which leads to a wide range of prices.
European producers said they have already sold their September volumes or are selling, and imports are not expected until October.
The surge in buying activity after the announcement of force majeure Lotte Chemical UK for the supply of PET from a plant with a capacity of 165 thousand tons in Wilton remained behind.
Also in August, stimulated buying activity news that JBF RAK based in the United Arab Emirates, is experiencing financial difficulties. This news was of interest to European market participants, as JBF RAK is a subsidiary of Indian JBF Industries, which operates a PET plant with a capacity of 432,000 tons per year in Belgium.
According to the Price Review of ICIS-MRC , last week Russian producers have announced the lower limit of the cost of PET at 78,000 rubles. per ton. One of the Russian producers of PET expressed the opinion that prices in the near future will grow in line with the growth of the level of imported parity. In August, there were cases in the market where individual Russian producers sold PET lots at prices well below market prices.
Author: Anna Larionova