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Chinese producer cuts local PET prices

by ChemOrbis Editorial Team -
  • 13/07/2015 (17:02)
A source from a Chinese PET producer reported that they lowered their local prices by around CNY200/ton ($32/ton), bringing their new offers to CNY7000/ton ex-warehouse China, cash inc VAT ($982/ton without VAT).

The source commented, “Demand is still limited as buyers remain on the sidelines in anticipation of seeing further reductions in the days ahead. Due to thin buying interest, we are running our plant at around 70% of capacity nowadays.”

In China, local PET prices are currently reported at CNY7000-7250/ton on an ex-warehouse, cash equivalent basis ($982-1018/ton without VAT).
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