Prices of PET in the Gulf countries increased against the backdrop of limited supply – Manufacturers of polyethylene terephthalate (PET) in the countries of the Persian Gulf (GCC) increased their price proposals at the end of last week, as the supply of material in the region remains limited – Prices PET Gulf countries - Arhive

May 29, 2018

This content has been archived. It may no longer be relevant

Prices PET Gulf countries Prices PET Gulf countries Prices PET Gulf countries Prices PET Gulf countries Prices PET Gulf countries Prices PET Gulf countries Prices PET Gulf countries Prices PET Gulf countries

Prices of PET in the Gulf countries increased against the backdrop of limited supply

Prices PET Gulf countries MOSCOW – Manufacturers of polyethylene terephthalate (PET) in the countries of the Persian Gulf (GCC) increased their price proposals at the end of last week, as the supply of material in the region remains limited, ICIS reported.

In addition, the supply of PET in all world markets is currently also limited due to previous and current reductions in capacity utilization at PET plants, as well as the peak seasonal demand in the downstream market for the production of bottles in anticipation of the summer.

So, the price offers for PET, issued in the Persian Gulf countries, last week were in the range of USD1,440-1,460 per tonne, CFR / DEL GCC, compared to USD1,390-1,425 per tonne, CFR / DEL GCC, a week earlier.

According to market sources, so far no deals have been made on current price proposals, as buyers resist higher prices.

There are some volumes of material on the market in this region that traders offer at lower prices, because these PET lots were purchased earlier. However, these volumes of material are limited.

According to the Price Review of ICIS-MRC , the tension in the Russian PET-granulate market continues to increase. It is expected that in June material prices will reach maximum levels and the shortage of free volumes will be further exacerbated. From the middle of July, a break in the current trend and the beginning of the process of returning the market to a balance situation.

mrcplast.ru

Author: Margarita Volkova

-Thai Indorama completes acquisition of Brazil PET plant – Thai Indorama acquisition Brazil PET plant

-Judge approves sale of bankrupt M&G plant – A bankrupt plastics plant that had been under construction in Corpus Christi now might be completed and put into operation – Judge bankrupt M&G plant

-Buyer emerges for bankrupt M&G plant, but sale still not final – Italian plastics giant M&G USA files for Chapter 11 bankruptcy protection. The company will now have to sell the $1 billion plant it is building in Corpus Christi – Buyer Mossi Ghisolfi M&G plant

-Alpek, Indorama, Far Eastern consortium to acquire M&G Texas PTA-PET plant for $1.12bn – Alpek Indorama Far Eastern consortium Mossi Ghisolfi Texas PTA PET

-The bankruptcy nightmare on Mossi & Ghisolfi will decide the court – A glimmer opened when Eni had shown interest in Biochemtex, but in the end of February the cold shower arrived at the Ministry of Economic Development – Bankruptcy Mossi Ghisolfi court

-Indorama to buy M&G’s Brazil PET plant – Indorama Ventures Public Co. Ltd. (IVL), has entered into an agreement to acquire M&G Polimeros Brazil SA in Ipojuca Brazil for an undisclosed amount – Indorama Mossi Ghisolfi Brazil PET plant

-Indorama wants to buy M&G West Virginia PET plant – Bangkok-based materials company Indorama Ventures Public Co. Ltd. is bidding to buy the West Virginia PET plant and Ohio research and development site of bankrupt M&G Polymers USA LLC. –Indorama Mossi Ghisolfi West Virginia PET plant

-Indorama Ventures is considering buying a M & G PET plant in the US – Indorama Ventures Mossi Ghisolfi PET US

-Mossi & Ghisolfi, the group admits the difficulties: “Delays in the US, even for Hurricane Harvey” – Mossi Ghisolfi group difficulties US Texas

-M&G Resins to shed 100 jobs in Corpus Christi by Thanksgiving – Mossi Ghisolfi Resins Corpus Christi