09 May 2011 15:56 [Source: ICIS news]
SAO PAULO (ICIS)--Supplies of polyethylene terephthalate (PET) in ?xml:namespace>
Although M&G announced an $80/tonne (€56/tonne) price increase for this month, buyers did not consider the hike implemented, as no fresh domestic resin would be available at least until the FM was lifted, probably around 23 May, according to the source.
PET demand in
Meanwhile, M&G was said to have purchased 5,000 tonnes PET from DAK. The imported material was expected to arrive sometime in May, according to the source.
Brasilplast is a major fair for the plastics industry in South America and is organised by Reed Exhibitions Alcantara Machado.
Brasilplast runs 9-13 May.
($1 = €0.70)
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