S. Korean producer’s export PET offers move back down
by ChemOrbis Editorial Team - content@chemorbis.com
A source from a South Korean PET producer reported that they applied slight decreases on their export prices again this week after last week’s cautious recovery.
Lower offers were mainly attributed to falling crude oil futures and weaker upstream markets.
On a weekly basis, the producer cut its prices by $10/ton to $1130/ton FOB South Korea, cash.
Lower offers were mainly attributed to falling crude oil futures and weaker upstream markets.
On a weekly basis, the producer cut its prices by $10/ton to $1130/ton FOB South Korea, cash.
More free plastics news
Plastic resin (PP, LDPE, LLDPE ,HDPE, PVC, GPS; HIPS, PET, ABS) prices, polymer market trends, and more...- PP, PE already back to 2020 lows in China; prices poised for further drops
- Local PE prices remain bearish, nearing multi-year lows across SE Asia
- European PP, PE buyers sideline ahead of further drops in June
- China’s April PE imports fall to around 1 million tons, lowest since 2018
- Vietnam’s polymer markets buckle under an influx of Chinese cargoes
- Divergence grows between Egypt’s import and local PP, PE markets
- PP markets in China, Vietnam hit 3-year lows, readying to test new lows
- African PE, PP markets extend slide into May
- Asian PS, ABS markets at 2½-3-year lows amid Chinese oversupply
- India’s Q1 PVC imports hit record-high; did buyers rush to stock up before expected restrictions?
