Malaysian producer lifts local PET prices
by ChemOrbis Editorial Team - content@chemorbis.com
A source from a Malaysian producer reported that they raised their local PET prices for May by MYR50-150/ton ($14-42/ton) when compared to their initial May levels.
The source stated, “Local demand is not strong as buyers are mostly sticking to the sidelines. We are operating our plant at full rates at the moment while we feel that prices may change direction in June.”
The producer currently offers PET at MYR4150-4200/ton FD Malaysia, cash ($1155-1169/ton).
The source stated, “Local demand is not strong as buyers are mostly sticking to the sidelines. We are operating our plant at full rates at the moment while we feel that prices may change direction in June.”
The producer currently offers PET at MYR4150-4200/ton FD Malaysia, cash ($1155-1169/ton).
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