US PET falls 2 cents/lb in April on lower feedstock
26 April 2012 20:39 [Source: ICIS news]
HOUSTON (ICIS)--US polyethylene terephthalate (PET) prices moved down by 2 cents/lb ($44/tonne, €33/tonne), following lower feedstock costs, sources said on Thursday.
April PET domestic prices were assessed by ICIS at 84-89 cents/lb ?xml:namespace>DEL (delivered), lower compared with 86-91 cents/lb from March.
Upstream, the US paraxylene (PX) April contract settled at 78.50 cents/lb, down by 3.50 cents/lb from March, following a lower April Asian Contract Price (ACP) for PX, sources said.
PX is a feedstock for purified terephthalic acid (PTA), which in turn is the principal feedstock for PET.
PET producers in the US include DAK Americas, Indorama, Mossi & Ghisolfi (M&G) and Nan Ya Plastics.
($1 = €0.76)By: Blanca Venegas713-525-2653
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial
to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free
trial to ICIS Chemical Business.