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PET deals concluded with discount in China, SEA

by ChemOrbis Editorial Team - content@chemorbis.com
  • 31/12/2014 (11:10)
A source from a Chinese producer reported that they concluded some deals with discounts of $20/ton in China and Southeast Asia in the very last week of 2014. The producer sold material at $930/ton FOB China, cash and at $950-960/ton on a CIF SEA, cash basis.

The source commented, “We think that the direction of the market will mostly depend on the direction of crude oil prices and upstream costs as buyers are cautiously monitoring developments in energy and feedstock markets and postponing their purchases in anticipation of seeing further decreases. However, we believe that the reduction amounts will not be large if prices record further drops.”

In China, export PET bottle prices are currently reported at $930-950/ton FOB China, cash equivalent while import PET prices are standing at $950-1030/ton CIF SEA, cash equivalent basis.
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