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Fresh drops on export PET prices from South Korea

by ChemOrbis Editorial Team -
  • 21/08/2015 (17:19)
A source from a South Korean producer reported that they implemented fresh decreases on their export PET prices in the face of slow demand. The producer reduced their prices by $20/ton from last week, bringing their new offers to $910-920/ton on an FOB South Korea, cash basis.

The source stated, “Despite our recent reduction, our customers are still placing bids at $890/ton FOB, cash. For now, we are not planning to accept these bids as we think that they are too low. However, we may consider giving some discounts if upstream costs keep declining. Export demand may worsen in line with the approaching autumn season.”
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