PET prices in the Middle East will either be stable or grow – Growing quotes in the markets of crude oil, paraxylene, purified terephthalic acid (TPA) and monoethylene glycol (MEG) should support PET prices – PET prices Middle East - Arhive

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PET prices in the Middle East will either be stable or grow

MOSCOW – The spot prices of polyethylene terephthalate (PET) in the Middle East are expected to be either stable or will go up, even though demand generally declines by the end of the year, ICIS reported.

According to ICIS, last week PET prices in the region were in the range of USD1,040-1,085 per tonne, FOB GCC (Gulf countries), which is USD15 per ton above the level of prices a week earlier.

There are some concerns that Chinese sellers can offer inexpensive quantities of material to the market, but this is unlikely to lead to lower prices in the Middle East, some market players believe.

Growing quotes in the markets of crude oil, paraxylene, purified terephthalic acid (TPA) and monoethylene glycol (MEG) should support PET prices in the Middle East at their current level.

According to the Price Review of ICIS-MRC , the price levels in the Russian PET market, in general, remain stable.

mrcplast.ru

Author:                Margarita Volkova

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