12 May 2011 02:18 [Source: ICIS news]
HOUSTON (ICIS)--US polyethylene terephthalate (PET) March exports fell by 43% year on year, according to US International Trade Commission (ITC) statistics published on Wednesday.
US PET exports for March 2011 were 25,280 tonnes, down by 19,031 tonnes from 44,311 tonnes in March 2010.
US demand has been strong in advance of the peak summer season for consumption of bottled drinks.
Domestic prices for bottle grade PET are currently assessed by ICIS at 100.50-104.00 cents/lb ($2,216-2,293/tonne, €1,529-1,582/tonne) DEL (delivered).
Prices were assessed up 1.00-2.50 cents/lb for April, following increases of 7.50 cents/lb in February and 5.29 cents/lb in March.
US PET imports for March 2011 were 33,513 tonnes, up by 6,379 tonnes (23.5%) from 27,134 tonnes in March 2010.
US PET producers include DAK Americas, Indorama, M&G Group and NanYa.
($1 = €0.69)
For more on PET visit ICIS chemical intelligence
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