20 December 2012 19:52 [Source: ICIS news]
NEW YORK( ICIS)--Prices for ?xml:namespace>
Producers and buyers confirmed the rollover, and some said they expected a slight decrease.
Meanwhile, producers DAK Americas and Nan Ya Plastics have announced 5 cent/lb ($110/tonne, €83/tonne) increases for PET in January, the companies confirmed. However, buyers said they expect prices in January to increase by 4 cents/lb, despite the 5 cent/lb announcement.
PET bottle grade prices are at 85.50-90.50 cents/lb SBM (stretch blow moulding)
Feedstock costs were also flat for the month, with the December paraxylene (PX) contract price settled at 76.50 cents/lb
The downstream US purified terephthalic acid (PTA) contract was assessed unchanged in the month at 64.54 cents/lb DEL. The monthly US PTA price is based on the contract settlement of feedstock paraxylene (PX) on a formula-based correlation.
December contract price ideas for feedstock ethylene glycol (EG) were heard lower by 3-4 cents/lb ($66-88/tonne, €50-67/tonne) amid softer demand. EG prices are expected to stabilise for the remainder of December in anticipation of the holidays, sources said.
PTA and EG are principal feedstock for PET, which is mainly used in plastic bottle production and in textiles.
PET producers in the
($1 = €0.75)
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