PET polyethylene terephthalate prices China

PET prices in China fell less than the fall in commodity prices  PET polyethylene terephthalate prices China

PET polyethylene terephthalate prices China

MOSCOW – Domestic price offers for polyethylene terephthalate (PET) in China fell at the end of last week to USD1070-1,130 per ton, FOB China, ICIS reported.

According to market participants, the decline in prices recorded last week was not so large compared with the fall in commodity prices, as well as compared with an earlier decline in PET prices. PET polyethylene terephthalate prices China

Thus, spot PET prices for FOB China delivery terms were in the range of USD1 070-1 110 per tonne in the week ending November 16, which reflects the price level of most transactions. PET polyethylene terephthalate prices China

Then the quotes fell by USD35-40 per ton, while price proposals were USD1 085-1 150 per ton, FOB China.

Some sellers could sell fairly large volumes of material amid lower prices, while other sellers faced limited interest from buyers in the market due to a sharp drop in international oil futures in the middle of last week.

According to the ICIS-MRC Price Review , the spot prices for PET in the Russian market are gradually going down due to the expected decline in contract prices for the next month and low demand for material.

The fundamental factors that influence the global PET market remain unchanged so far – the prices of petroleum and PET raw materials continue to decline.

The cost of PET in China is constantly falling.

Author:                Margarita Volkova

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