Feb PET prices in Mexico rise by 2-3 cents/lb on global trend

12 February 2013 23:54  [Source: ICIS news]

HOUSTON (ICIS)--Polyethylene terephthalate (PET) domestic and export prices in Mexico rose in February by 2-3 cents/lb ($44-66/tonne, €33-50/tonne), driven by the regional and global trend, sources said on Tuesday.

Domestic prices are assessed up between 2.5-3.0 cents/lb to $2,180-2,280/tonne DEL (delivered) for February.

Mexico’s export prices for February are gauged at $1,850-1,870/tonne CFR (cost and freight) Colombia and $1,930-1,950/tonne CFR Venezuela, at increases of about 2 cents/lb into Colombia and about 3 cents/lb into Venezuela.

January prices for PET were up by 3 cents/lb for domestic material and by $110-120/tonne for exports.

PET demand in Mexico is assessed as moderate, in line with expectations for the low soft drink season.

PET producers in Latin America are DAK Americas, Indorama and Mossi & Ghisolfi.

($1 = €0.75)

By: Ron Coifman
+1 713 525 2653

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