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Malaysian producer raises local PET prices

by ChemOrbis Editorial Team - content@chemorbis.com
  • 27/04/2015 (17:58)
A source from a Malaysian producer reported that they have raised their local PET prices by MYR100-250/ton/ton ($28-69/ton) for May to MYR4000-4150/ton on an FD Malaysia, cash basis ($1105-1147/ton).

The source commented, “Buyers are still showing resistance to higher offers. The depreciating ringgit is also hampering buying appetite. However, PET prices have been increasing due to the explosion at China’s Nanjing Yangzi Petrochemical’s complex as well as reduced PTA production rates.”
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