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Local PET prices dip to multi-year lows in Indonesia

by ChemOrbis Editorial Team -
  • 28/12/2015 (11:52)
The softening trend in Indonesia’s local PET market continued last week to hit the lowest levels seen since January 2013, when ChemOrbis Price Index for Indonesia’s local PET market was first launched. Fresh decreases were attributed to persistently slow demand.

A bottle manufacturer reported that he secured some PET from the local market with a $10/ton discount at $850/ton on an FD, cash basis. The buyer stated, “Demand remains slow and we are still limiting our purchases to our immediate needs.”

A source from an Indonesian producer commented, “The market is very quiet as most players have already left their desks for the year-end holidays. We are still offering PET at $900/ton FD, cash. However, we are willing to give discounts to buyers placing firm bids.”

In Indonesia, local PET prices are currently reported at a range of $850-900/ton on an FD, cash equivalent basis.
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