Mexico PET export prices fall by $150/tonne in April on Asian trend

16 April 2013 23:10  [Source: ICIS news]

HOUSTON (ICIS)--Mexico’s polyethylene terephthalate (PET) export prices for April are assessed down by an additional $50/tonne this week after the $100/tonne decline assessed last week, driven by the earlier resin and feedstock weakening trend in Asia, sources said on Tuesday.

Export prices from Mexico are assessed at $1,700-1,735/tonne (€1,309-1,336/tonne) CFR (cost and freight) Colombia for April.

PET prices in Mexico for March were flat from February.

Domestic prices in Mexico are assessed down for April by $90/tonne driven by the trend 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 high season for soft drinks is in its initial stages, and demand is projected to grow as the weather warms. However, rains expected in June could temper demand for bottled drinks, according to local sources.

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

($1 = €0.77)

By: Ron Coifman
+1 713 525 2653

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