S Korean PET faces further discounts on competition from China
by ChemOrbis Editorial Team - content@chemorbis.com
A source from a South Korean producer reported that they implemented an additional discount of $10-15/ton on their export PET bottle offers this week since they receive weaker demand from their main export destination, Europe.
The producer’s PET offers currently stand at $1060-1065/ton on FOB Busan, cash basis.
Meanwhile, the overall range for export PET bottle prices from China is currently quoted at $1000-1020/ton FOB, cash. Players in Europe have started to show more interest in Chinese cargoes recently due to their competitive prices.
The European Union terminated the 13-year-long anti-dumping measures on China’s PET products in February this year. However, Chinese materials are still subject to customs duty in the Union while South Korean PET is exempted from any duties.
The producer’s PET offers currently stand at $1060-1065/ton on FOB Busan, cash basis.
Meanwhile, the overall range for export PET bottle prices from China is currently quoted at $1000-1020/ton FOB, cash. Players in Europe have started to show more interest in Chinese cargoes recently due to their competitive prices.
The European Union terminated the 13-year-long anti-dumping measures on China’s PET products in February this year. However, Chinese materials are still subject to customs duty in the Union while South Korean PET is exempted from any duties.
More free plastics news
Plastic resin (PP, LDPE, LLDPE ,HDPE, PVC, GPS; HIPS, PET, ABS) prices, polymer market trends, and more...- Middle East PP, PE outlook for 2025: A double whammy of low demand and new capacity additions
- China, SE Asia PE outlook for 2025: Oversupply dilemma deepens with new capacity surge
- Freight rates outlook for 2025: Another rocky year ahead after 2024 turmoil
- Türkiye PP, PE outlook for 2025: Q1 set for a firm footing, eyes on derivatives for a whole year
- Europe PVC outlook for 2025: Supply imbalance threatens price recovery targets
- India PP, PE outlook for 2025: Players eye brighter Q1 despite current bearishness
- Different pricing policies emerge in Europe’s PS, ABS markets in Dec
- Bearishness persists across China, SEA import PE markets as year-end nears
- PLAST EURASIA 2024: Shrinking margins emerge as a key topic among polymer players
- Lower parity, rising freight rates repel European polymer buyers from imports
