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Taiwanese PET producer concludes higher deals in SE Asia

by ChemOrbis Editorial Team - content@chemorbis.com
  • 06/02/2017 (16:17)
A source from a Taiwanese PET producer reported that they concluded deals with increases of $20/ton when compared to their most recent done deal level before of the Chinese New Year holiday.

The source attributed their higher done deal level to firming upstream costs. According to him, the producer concluded deals at $1035-1045/ton on a CIF Southeast Asia, cash basis. “Demand from Malaysia and Vietnam is not bad as it is the high season now in the two countries,” he said.

In the upstream markets, both PTA and MEG prices were $10/ton higher on a weekly basis to be respectively quoted at $675/ton CFR China and at $960/ton at the end of last week.
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