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Chinese producer cuts local, export PET prices

by ChemOrbis Editorial Team -
  • 11/12/2014 (11:37)
A source from a Chinese producer reported that they implemented reductions on their local and export PET prices while complaining that they are still struggling to conclude deals. He said, “Everyone is waiting to see where oil prices will settle before making their next move. Demand is weak as buyers are postponing their purchases in anticipation of seeing lower prices.”

The producer reduced their export PET offers by $50-60/ton to $1030-1050/ton FOB China, cash while their local prices are down CNY250-300/ton ($40-48/ton) from last week to CNY7500-7550/ton ex-warehouse China, cash including VAT ($1045-1052/ton without VAT).
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