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US producer nominates May PET increase

by ChemOrbis Editorial Team -
  • 23/04/2015 (14:45)
Market players in the US reported that a producer has nominated an increase of 3 cts/lb ($66/ton) on its PET prices for May. Nan Ya Plastics Corp reportedly sent the letter this week blaming higher costs for PTA and MEG. For the time being, players are awaiting the final settlement on April feedstock pricing in order to settle April PET contracts.

Spot PX prices, which are a feedstock for PTA, are reported to be up by $120/ton to $880/ton FOB USG since March 23, the date that the producer had made a similar announcement of increases for March. Spot feedstock costs in the Asian market are likewise up by over $100/ton for PX, PTA and MEG over the same time period.
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