Mexico April domestic PET falls $90/tonne on Asian trends

09 April 2013 22:45  [Source: ICIS news]

HOUSTON (ICIS)--Polyethylene terephthalate (PET) domestic prices in Mexico are assessed down for April by $90/tonne (€69/tonne) driven by trends in Asian markets, according to input from local sources on Tuesday.

Domestic prices for bottle-grade PET in Mexico are assessed at $2,090-2,190/tonne DEL (delivered) after the April decrease.

Mexico’s PET export prices in April were assessed down by $100/tonne from March, after a rollover from February.

Resin demand in Mexico is rising with the start of the peak season for bottled drinks. The market is projected to improve in April and May on seasonality, but demand could taper in June if heavy rains fall, as is expected for that time of year, sources said.

Domestic PET prices in other Latin American countries have largely rolled over for April, but are expected to decline in May, regional sources said.

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

($1 = €0.77)

By: Ron Coifman
+1 713 525 2653

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