12 July 2012 22:11 [Source: ICIS news]
MIAMI, Florida (ICIS)--US polyethylene terephthalate (PET) prices in July will likely fall because of lower feedstock costs, although buyers and sellers disagree on the extent of the drop, sources said on Thursday.
A major producer said PET prices could fall by 1.50 cents/lb ($33/tonne, €27/tonne).
However, a buyer anticipated that prices could drop by 4.00-5.00 cents/lb.
According to the producer, the amount by which PET prices will drop in July depends on the settlement of the July PX contract, which remains unsettled globally.
Last week, a buyer said the PET drop in July will be following continued weak demand.
Meanwhile, June PET domestic prices are assessed by ICIS at 78.00-83.00 cents/lb ?xml:namespace>
PET producers in the
($1 = €0.82)
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