06 July 2011 02:23 [Source: ICIS news]
HOUSTON (ICIS)--Polyethylene terephthalate (PET) prices in ?xml:namespace>
Prices continue to weaken and have been heard as low as $2,050/tonne DEL.
This is a reflection of prices in the Asia-Pacific region, where bottle-grade PET fell by as much as $40/tonne last week because of declines in the prices of feedstock purified terephthalic acid (PTA), heavily reduced Chinese offers, weak sentiment and the beginning of the seasonal lull.
PET prices in South America face additional downward pressure from soft demand during the current off-season, sources said, because of the unusually cold weather affecting
A source said that although the Argentinean market is following winter dynamics, it is gradually become more active.
PET prices in
($1 = €0.69)
For more on PET, visit ICIS chemical intelligence
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