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Local PET prices retreat in Indonesia

by ChemOrbis Editorial Team - content@chemorbis.com
  • 25/05/2015 (14:28)
A source from an Indonesian producer reported that they have reduced their local PET prices by $20/ton when compared to their previous offer levels. “Demand remains disappointing as buyers are electing to wait on the sidelines in anticipation of seeing lower levels. However, we believe that they will return to the market in the near term in line with the upcoming Lebaran holidays,” he said.

The producer’s domestic PET offers currently stand at $1140-1160/ton on an FD Indonesia, cash basis.
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