PET polyethylene terephthalate supplies Europe improved - Arhive

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PET supplies in Europe improved   PET polyethylene terephthalate supplies Europe improved  

PET polyethylene terephthalate supplies Europe improved MOSCOW ( MRC ) – Supplies of polyethylene terephthalate (PET) in Europe have improved, but the market balance remains volatile, ICIS reports citing market participants.

Supplies have improved due to the end of force majeure circumstances for some manufacturers.  PET polyethylene terephthalate supplies Europe improved  

So, last week the Indian company JBF Industries withdrew force majeure in the manufacture of polyethylene terephthalate (PET) in Gel (Geel, Belgium), announced due to a shortage of supplies of raw materials to TFK. The company announced a force majeure for the supply of PET from this production facility with two lines with a total capacity of 432 thousand tons per year on May 16.

The prices fell below the maximum reached earlier at the level of EUR1400 per tonne, FD Europe. Asian imports are again seen as a relatively competitive option, especially for supplies in September and October.

“The market balance is still too fragile, with any change in circumstances, prices may rise again,” said one of the traders.  PET polyethylene terephthalate supplies Europe improved  

According to the Price Review of ICIS-MRC , the situation in the Russian injection molded PET market changed sharply in July.   PET polyethylene terephthalate supplies Europe improved  

The downward price trend in the domestic spot market of PET granules this week has intensified against the backdrop of a decline in peak demand for Russian granules.

The material prices of Chinese plants are going down for the fifth week in a row. The upper limit of the spot prices of the Ecopet plant for a lot of 20 tons dropped to 150,000 rubles. per ton, CPT Moscow, including VAT.  PET polyethylene terephthalate supplies Europe improved  

According to unofficial information, the Kaliningrad plant concluded a spot deal for the sale of 700 tons of PET at a price of 133500 rubles. per ton, CPT Moscow, including VAT. The plant still has some free July volumes.

mrcplast.ru

Author:                Anna Larionova

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