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PET: Prices mostly stable in April

May 12/2009
European PET prices remained mostly stable in April, with only the bottom end rising slightly, says the newsletter Plastics Information Europe (PIE, Bad Homburg / Germany; Driven mostly by higher feedstocks, film gained around EUR 10/t. Import pressure eased, but the market was nevertheless well supplied. Although slightly
improved against March, European demand was below the weak April 2008.

As the May PX contract was fixed EUR 90/t higher, PET producers hope to use this as a lever to hike polymer prices by EUR 100/t this month, PIE says.



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