15 June 2011 02:57 [Source: ICIS news]
HOUSTON (ICIS)--Polyethylene terephthalate (PET) domestic prices in the ?xml:namespace>
Feedstock paraxylene (PX) contracts have fallen significantly in the
The drop in PET prices was marked in
June PET prices as low as $2,150/tonne
Despite the softer demand, Mossi & Ghisolfi’s (M&G) PET facility in
Strong summer demand for PET in
BP declared force majeure on feedstock purified terephthalic acid (PTA) on 28 April following power outages at its plants in
A company source said the restoration of PTA production is proceeding on schedule. All units should be on line by 20 June.
Following BP’s declaration of force majeure on PTA, two US PET producers declared force majeure on PET supply.Indorama’s 432,000 tonne/year Decatur PET plant was also affected by the power outage and the company imposed a supply allocation of 35% on its customers. US-based Wellman declared force majeure on PET on 1 June from its 375,000 tonne/year plant at
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