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South Korean producer decreases export PET prices

by ChemOrbis Editorial Team -
  • 28/04/2017 (10:28)
A source from a South Korean PET producer reported that they applied decreases on their export offers when compared to their latest levels due to weak demand from Europe along with weak upstream markets.

The producer cut its prices by $30/ton this week to $990/ton FOB South Korea, cash and concluded a deal at $980/ton with the same terms.

A source from the producer noted, “Despite the recent reductions on our prices, buyers are still pushing for lower levels.”
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