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PET prices down along with lowered quotations in Asia

May 06/2011

MOSCOW (MRC) -- Prices for PET in the Russian market have been lowering during April  that was stipulated by lowered quotations in Asia, according to ICIS-MRC Price Report.

By the first week of May the price offer for the Russian PET reached 70.000 Ц 72.000 RUB/t, VAT included, —–“ Moscow, which was, on average, by 5.000 RUB/t lower than in early April.

The prices peak for PET in Asia fell in late March when quotations reached their maximum over the recent years Ц USD 1.900/mt, FOB. Russian producers, fearing the increase of purchases of Asian material, started proportional decrease of  their prices in the domestic market.



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