News Code : 42515

Petrotahlil:
PET firms up on rising costs, nearing high season in SEA
• PET markets start March on firm footing
• Import PET offers up $15-20 on week 
• High season boosts regional demand 
• Spot MEG up further by $15 on week 
• Offers from S. Korea flat for 3rd week
• Import PET ($/ton): 1095-1170 CIF

 

Export PET offers above $1100 appear in China
• Export PET from China up $25-30 
• MEG prices increase $15 on week 
• High season, firm costs support sentiment 
• China plans to reduce VAT for manufacturing sector 
• Korean PET offers stable for 3rd week
• Export PET ($/ton): 1095-1120 FOB China

 

PET suppliers seek cost-driven hikes, demand still subdued in Europe
• PET sees hike requests of up to €30 
• Initial March MEG is €15 higher 
• Demand is still calm, no supply issues in the region 
• Imports continue to arrive, covering buyers’ needs
• Local PET (€/ton): 1090-1170

 

Small increases start to pass on March PET in Italy
• Initial MEG contracts settled up by €15 
• €10-20 hikes are passing on deals, requests are up to €30 
• Sellers hope to receive support from awaited PX 
• Demand is slightly below players’ expectations in H1 March
• Local PET (€/ton): 1090-1160

 

Egypt’s import PET market heads north on firm costs
• Import PET prices up by $5-10 
• Hikes find support from higher costs 
• Liquidity issues continue pressuring sales in local market 
• Inquiries still limited despite approaching high season
• Import PET ($/ton): 1130-1175 CIF

 

Import PET prices pare losses in Turkey
• A domestic producer lifts offers after 5 weeks 
• Local PET surged by $45-50 on sellers’ firm stance 
• Players see further hikes on horizon 
• Egypt’s EIPET resumed operations at its second PET line
• Local PET bottle ($/ton): 1375-1400 cash | 1475 60/90 days 
• Import PET ($/ton): China 1140-1160 CIF

 

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