23 November 2010 00:03 [Source: ICIS news]
HOUSTON (ICIS)--Higher polyethylene terephthalate (PET) and feedstock prices in Asia pushed up resin prices in ?xml:namespace>
Two additional hikes were proposed for December, one at $70/tonne and another at $190/tonne, totalling $260/tonne for next month.
However, the second December nomination at plus $190/tonne would probably meet some resistance, and might be only partially successful.
Regional sources noted that price increase initiatives in
Market talk suggested an additional nomination for December at plus $120–150/tonne.
South American PET producers include Mossi & Ghisolfi (M&G) and DAK Americas.
($1 = €0.73)
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