News Code : 42843

•Buyers stick to sidelines upon price falls •Import PET broke below $1100 threshold •March PET imports were down 9% m-o-m; 58% y-o-y •Near-term outlook is under pressure from costs, demand •Local PET ($/ton): 1325-1375 cash | 1425-1450 60/90 days •Import PET ($/ton): China 1100-1140 CIF

Petrotahlil:

Import PET market continues to slide in SEA

• Import PET further down by $20 on week 

• Demand unresponsive to high season 

• Spot PX on FOB Korea loses 13.5% in past month 

• Crude retreats from 6-month high 

• Thai producer keeps local PET offers steady

• Import PET ($/ton): 1090-1165 CIF. 

 

PET offers at/above $1100 FOB China disappear

• Subdued demand weighs on PET market 

• Slightly limited supplies prevent larger price losses 

• Asian PX plunges to lowest level since Dec 2017 

• PTA flat on week, MEG edges higher 

• Crude oil drifts downward after seeing multi-month highs

• Export PET ($/ton): 1080-1090 FOB China. 

 

European PET market opens May with stability

• PET offers are stable for May 

• High season not started yet on bad weather 

• Spot PX prices are still lower 

• Buyers think that further softening may be possible

• Local PET (€/ton): 1070-1140 FD. 

 

PET prices see stable trend for early May in Italy

• Initial May offers emerge at rollover 

• Supply remains higher than demand 

• Spot PX still on softer side

• Local PET (€/ton): 1070-1140 FD. 

 

Egypt’s import and local PET markets follow divergent paths

• Import PET prices extend gains into 3rd week 

• Distribution market levels dip EGP100 on low end 

• EIPET’s offers remain unchanged 

• Demand still thin amid slow end business

• Import PET ($/ton): 1160-1205 CIF. 

 

Follow us on twitter @petrotahlil 

END

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