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Chinese PET offers competitive edge in SE Asia

by ChemOrbis Editorial Team - content@chemorbis.com
  • 14/09/2017 (10:53)
PET players in Southeast Asia report that offers for Chinese PET are more competitive than most of the regional origins nowadays in the midst of Indonesia’s awaited decision about imposing anti-dumping duty on Chinese PET. Japan, meanwhile, already started to impose a provisional anti-dumping duty on PET imports from China as of September 2.

A converter in Indonesia received a PET offer for a Chinese origin at $1030/ton on CIF, subject to 5% customs duty, cash basis. He said, “The offer for Chinese PET is more competitive than the prevailing price levels in our local market. We are planning to secure some cargoes as demand towards our end products has started to revive recently.”

A source from a Chinese producer noted, “We issued a slight decrease of $5/ton on our export PET offers from last week due to thin demand while keeping our local offers stable.”

In the meantime, a source from a Malaysian PET producer reported that they raised their offers to export outlets by $40/ton from last week to $1040/ton FOB, cash. Accordingly, buyers in Southeast Asia received PET bottle offers from the producer at $1060/ton CIF, cash.

In Southeast Asia, the overall range for import PET prices currently stands at $1010-1080/ton CIF, cash. Within this range, offers for Chinese PET are standing at or close to the low end to be quoted at $1010-1030/ton CIF, cash, offering a competitive edge.
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