19 July 2011 18:15 [Source: ICIS news]
HOUSTON (ICIS)--Polyethylene terephthalate (PET) demand in ?xml:namespace>
PET buyers minimised purchases in June as resin prices declined in
PET domestic prices in
July demand was healthy even during the current off-season for bottled drinks, sources said. Declining prices and thinning resin stocks were driving participants to purchase in July.
The market is expected to improve further in August, as industry begins to prepare for the peak bottled-drink season in the fourth quarter, participants said.Local sources said the government natural gas rationing prioritising private consumption has not affected the PET industry.
DAK Americas produces PET in Argentina.
($1 = €0.71)
For more on PET visit ICIS chemical intelligence
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
Asian Chemical Connections