12 July 2011 23:39 [Source: ICIS news]
HOUSTON (ICIS)--Polyethylene terephthalate (PET) prices in Mexico were set to decline later this month or in early August, driven by global trends and by gradually improving supply in the US and Mexico, buyers said on Tuesday.
Easing resin availability as the peak season slowed with the beginning of the rainy season in ?xml:namespace>
PET suppliers had resisted downward price pressure from other regions, citing strong demand in the US and Mexico during the peak season, as well as snug PET resin supply in North America as a result of BP’s declaration of force majeure on feedstock PTA supply and Indorama’s on PET.
Domestic PET prices in
($1 = €0.71)
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