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S. Korean producer considers further cuts on export PET prices

by ChemOrbis Editorial Team -
  • 22/05/2015 (16:52)
A source from a South Korean producer reported that they lowered their export PET prices by $30/ton week over week in the face of decreasing upstream costs. The producer’s export PET prices are currently standing at $1140-1150/ton on an FOB Busan, South Korea, cash basis.

The source stated, “We are considering implementing a further reduction of $20/ton on our current offers as buying appetite has been hindered by the recent losses in the upstream markets.”
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