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South Korean producer cuts export PET prices

by ChemOrbis Editorial Team -
  • 26/12/2014 (11:45)
A source from a South Korean producer reported that they lowered their export PET prices for January shipment. The producer cut their prices by $50-60/ton from their latest December levels to $980/ton FOB Busan, South Korea, cash.

The source commented, “Most buyers have already left their desks for the holidays. Hence, we are not feeling optimistic regarding the market outlook for the next two weeks.”
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