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News & Prices of PET - PolyEthylene Terpthalate |
For real time updates on News & Price Analysis Kindly contact us at info@polymerupdate.com
Tel: (91-22) 30408821 - 25
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PET Prices |
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PET prices - 4th, April 2011
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Denotes no change in Prices |
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Denotes a decline in Prices |
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Denotes an increase in Prices |
All prices are in USD per M/T CNF India **Indian producer prices are in Rs./Kg basic
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| Asian Market News of PET |
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A source comments on existing PET offers in Thailand - Mar 7, 2011[14:45 ]
A trader from Thailand while in conversation with a polymerupdate team member commented on the current offers for PET in the domestic markets of Thailand.
The trader said, "Indorama is offering PET resin at the THB 58/kg levels."
He said, "this offer is for delivery to be made in March 2011. This offer is without VAT."
RIL announces upward revision in its PET price - Jan 11, 2010 [06:30 ]
A domestic source informed the polymerupdate team last weekend that Indian petrochemical major Reliance Industries Ltd (RIL) had revised its price of PET with effect from Monday, Jan 11th, 2010.
The source said, " in keeping with gains in PET prices in the rest of Asia, coupled with strength in upstream costs and robust demand, RIL has hiked its prices of PET by Rs 2/kg basic.
The official price list confirming the change will be made available with distributors on Monday."
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| European Market News of PET |
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PET pricing undertone continues to remain firm in Europe - Mar 7, 2011 [14:35 ]
Availability of PET remained an issue in Europe allowing sellers to keep their spot pricing targets firm at the Euro 1650/mt FD North West Europe levels and higher.
A PET seller in conversation with a polymerupdate team member said while requesting anonymity, “ for smaller volumes we are able to achieve a price of Euro 1650/mt however the larger buyers are demanding lower rates. Overall, with input costs on the climb and with supply tight, near term outlook for PET remains bullish.”
He added, “ supporting the firm pricing undertone is the availability problem with PTA in Europe. There is a genuine lack of supply and this has resulted in reduced PET production in the region.”
Outlook for PET turns bearish in Europe - Sep 7, 2009 [11:55 ]
ABS general purpose and natural grade contract prices edged higher in Europe last week. Following an announcement by Dow Chemical that it was hiking its European, Middle Eastern, African and Indian contract prices of ABS by Euro 75/mt in September, producer confidence across Europe strengthened and price hikes followed.
ABS contract prices were assessed up at the Euro 1425/mt FD North West Europe levels. Supporting firmer ABS contract prices were steep gains recorded in upstream prices of ACN and butadiene.
SM prices in Europe last week decreased. Contract prices of SM for September were settled at the Euro 874/mt FD North West Europe mark a sharp Euro 84/mt drop from August levels.
In the spot markets, ABS prices last week were assessed at the Euro 1190/mt to Euro 1195/mt FD North West Europe levels.
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