Polyethylene terephthalate PET China

Polyethylene terephthalate PET China

Price quotations PET in China went down amid declining quotations TPA

Polyethylene terephthalate PET China

MOSCOW – Polyethylene terephthalate (PET) price quotations in China fell last week amid falling terephthalic acid (TPA) quotes, ICIS reported.

For example, some buyers on July 23 reported lower price proposals for material at around USD930 per tonne, FOB China, although this was not confirmed by the producers, who noted that some price proposals, although they went down, were still on level USD960-975 per ton, FOB China.

Spot quotes in the week ending July 19 were in the range of USD950-970 per tonne, FOB China.

According to the ICIS-MRC price review , the demand for PET preforms in the Russian market in July was predictably lower than June.  In August, its further decline is expected.  The Chinese quotation continues to aggressively decline, so a significant increase in Russian contract and spot prices in the next two months is not expected.

mrcplast.ru

Author:   Margarita Volkova

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