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Export PET prices from China slightly up on firmer MEG

by ChemOrbis Editorial Team -
  • 30/06/2017 (15:57)
Export PET prices from China witnessed slight increases after maintaining their softening trend until the middle of this week. Most suppliers started the week with decreases on their offers, yet the market recuperated some of its losses on the back of higher MEG prices.

A producer applied a $10/ton increase on its export PET offers after cutting its offers by $20/ton at the start of the week. The producer’s PET offers currently stand at $940/ton FOB, cash. A source from the producer noted, “Our offers are slightly higher due to firming MEG prices. However, demand remains disappointing.”

Another Chinese producer also issued a $10/ton increase on its export PET offers on Wednesday, bringing its new prices to $920/ton FOB, cash.

The overall range for export PET prices is currently quoted at $905-940/ton FOB China, cash.
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