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).
More free plastics news
Plastic resin (PP, LDPE, LLDPE ,HDPE, PVC, GPS; HIPS, PET, ABS) prices, polymer market trends, and more...- PVC rally roars back in Asia as supply worries mount
- China PP, PE markets join global rally after Lunar New Year holiday
- PE, PP and PVC supply crunch exacerbated on US absence, traditional trade flows upended
- European PP, PE markets set for 5th bullish month as shortage bites
- Turkey shattered as PP prices shoot up to surreal levels
- Polymer markets face one of most chaotic times
- Turnaround season set to get underway in Asia
- Crude oil heals COVID-inflicted wounds; now what lies ahead?
- Global shipping turmoil deepens, adding to the upheaval in plastic resins
- China’s post-holiday polymer outlook supported by supply limitations, crude oil
