PODCAST: Asia, Mideast PET markets see need-based buying, geopolitics weigh on sentiment
Damini Dabholkar
18-Apr-2024
SINGAPORE (ICIS)–Buying activities in the Asia and Middle East polyethylene terephthalate (PET) markets remained relatively need-based, with factors like geopolitical tensions and uncertainties in freight rates clouding sentiment.
- Asian market sentiment mixed, PET tracks upstream closely
- Uncertainty around freight rates leads to need-based buying
- Mideast buyers’ inventories high, but some replenishment expected post-Eid break
In this chemical podcast, ICIS editors Damini Dabholkar and Zachary Tia discuss recent market conditions with an outlook ahead in Asia and the Middle East.
ICIS will be at the Chinaplas conference in Shanghai from 23-26 April. Please get in touch with our team there for more discussion on the PET market.
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