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Trader: Indian producer lifts local PET prices

by ChemOrbis Editorial Team -
  • 21/04/2015 (10:27)
A trader based in India reported that a local producer has issued an increase on their domestic PET prices. According to him, the producer raised their PET prices by INR2500/ton ($40/ton) to INR93500/ton ($1503/ton) ex-warehouse India, cash.

He attributed the producer’s recent hike to higher upstream costs as well as the current firm trend in China. In Asia, spot PTA prices have gained around $70/ton week over week to reach $715/ton CFR China while spot MEG prices climbed by $50-55/ton to be quoted at $935-940/ton with the same terms. Spot PX prices on an FOB South Korea basis were also up by $60-65/ton on the week to $935/ton.
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