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Export PET prices below $1000/ton disappear in China

by ChemOrbis Editorial Team -
  • 07/09/2017 (18:25)
In China, export PET offers recorded a new round of modest increases so far this week, with the overall range for prices climbing by $30/ton from last week to be quoted at $1000-1020/ton FOB China, cash basis.

The $1000/ton threshold was last seen in mid-March, according to ChemOrbis Price Index.

A source from a domestic PET producer commented, “We lifted our export offers by $35/ton from last week. Demand is not bad as the weather is still warm in China while overall supplies remain tight. Higher upstream costs are also supporting the rising trend.”

An agent of a domestic producer noted, “Producers have turned to the European markets recently in order to export their material following Japan’s decision to impose a provisional anti-dumping duty on Chinese PET. Demand from Europe is not great either as buyers are cautious amidst surging offers.”
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