PET prices slightly up in SEA despite weak costs
Petrotahlil-
PET prices slightly up in SEA despite weak costs
• Import PET stable to $15 higher on week
• Offers from China up on limited availability
• Offers from S. Korea flat for 6th week
• Spot MEG falls further by $30 on week
• Local PET in Indonesia, Vietnam slightly up
• Import PET ($/ton): 1110-1150 CIF
Egypt’s PET offers slide down on weaker costs
• Import PET market down further by $5-20
• Weaker local pricing on heels of softening imports
• Buyers hesitant to purchase
• Activity remains calm despite high season
• Import PET ($/ton): 1120-1180 CIF
Import PET erases slight losses in Turkey
• Feb PET imports down by 4% m-o-m; up by 4.3% y-o-y
• Demand slackened after buyers secured some stocks
• Sentiment remains firm, players brace for possible PET hikes
• Eyes on China, feedstock markets
• Local PET bottle ($/ton): 1375-1400 cash | 1475 60/90 days
• Import PET ($/ton): China 1140-1160 CIF
Demand to take central stage in setting April PET trend in Italy
• March deals concluded €10-20 up
• PET sentiment is not strong for April
• Slow demand, softer costs weigh on PET market
• Outlook for demand is blurry
• Local PET (€/ton): 1100-1150
European PET players approach April with cautious stance
• Spot and contract deals settled slightly higher in March
• Fresh April offers awaited mostly stable
• Demand remains calm, supply is comfortable
• Buyers: PET prices may decrease under current conditions
• Local PET (€/ton): 1100-1150
Chinese PET sellers take firmer stance on prices
• PET bottle gains $15-25 on week
• Limited stocks support price increases
• Demand gradually improves amid high season
• Spot MEG down $30 on week
• Korean PET offer stable for sixth week
• Export PET ($/ton): 1100-1140 FOB China