US May PET exports fall 22% year on year

12 July 2011 20:08  [Source: ICIS news]

HOUSTON (ICIS)--US polyethylene terephthalate (PET) May exports fell by 22% year on year, according to US International Trade Commission (ITC) statistics published on Tuesday.

US PET exports for May were 27,852 tonnes, down by 7,887 tonnes from 35,739 tonnes in May 2010.

US demand has been strong in recent months in preparation for the peak summer consumption season for bottled drinks.

Domestic prices for bottle grade PET are currently assessed by ICIS at 98-102 cents/lb ($2,161-2,249/tonne, €1,534-1,597/tonne) DEL (delivered).

US PET imports for May were 35,705 tonnes, up by 7,396 tonnes, or 26%, from 28,309 tonnes in May 2010.

US PET producers include DAK Americas, Indorama, M&G Group, NanYa and Wellman.

($1 = €0.71)

For more on PET visit ICIS chemical intelligence

By: Samuel Weatherlake
+44 20 8652 3214

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