US PET rises 4 cents/lb in August on feedstock costs
30 August 2012 23:08 [Source: ICIS news]
MIAMI, Florida (ICIS)--US polyethylene terephthalate (PET) prices rose by 4 cents/lb ($88/tonne, €70/tonne), following higher feedstock costs, sources said on Thursday.
August PET domestic prices were assessed by ICIS at 77-82 cents/lb ?xml:namespace>DEL (delivered), higher compared with 73-78 cents/lb in July.
Upstream, the US paraxylene (PX) August contract settled at 69 cents/lb, up by 6.15 cents/lb from July, following higher Asia PX prices, 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 = €0.80)By: Blanca Venegas713-525-2653
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