Mexico April PET export offers fall by $100/tonne on Asian trends

01 April 2013 23:23  [Source: ICIS news]

HOUSTON (ICIS)--Polyethylene terephthalate (PET) export offers from Mexico to South America for April are declining by $100/tonne (€78/tonne), driven by the weakening resin and feedstock markets in Asia, local sources said on Monday.

Export PET from Mexico for April shipment is being offered at $1,750-1,770/tonne CFR (cost and freight) Colombia.

March PET exports were gauged at $1,850-1,870/tonne CFR Colombia.

Domestic prices in Mexico have not yet been announced, but they are also expected to fall.

PET demand is weak in Mexico, as buyers are waiting for prices to reach bottom, sources said. However, participants are expecting that the forthcoming peak soft-drink season in Mexico and the US will provide some support to the market.

PET producers in Latin America are DAK Americas, Indorama and Mossi & Ghisolfi (M&G).

($1 = €0.78)


By: Ron Coifman
+1 713 525 2653



AddThis Social Bookmark Button

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.

Printer Friendly