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South Korean producer cuts export PET prices

by ChemOrbis Editorial Team -
  • 19/12/2014 (14:41)
A source from a South Korean producer reported that they lowered their export PET prices by $50/ton to $1030-1040/ton FOB Busan, South Korea, cash.

The source stated, “We are receiving counter bids at $960-980/ton, although we are not willing to accept these levels for now. We expect buying interest to remain weak through the end of the year.”

According to data from ChemOrbis Price Index, export PET prices from South Korea are currently hovering around the lowest levels seen since August 2010.

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