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In February Ukrainian converters doubled PET imports

March 29/2012

MOSCOW (MRC) -- In February import supplies of PET significantly grew in the Ukrainian market. Last month converters and trading companies imported about 20,600 tons of PET granulate that was by 14,600 more than in January, according to MRC DataScope.

At the beginning of the year many local companies announced their intention to increase purchases of the granulate on the back of a more attractive price in the external markets as well as preparation for the season. As one converter said, preforms producers that have available circulating assets decided to use the moment for making purchases.

The growth of contracts from the Ukrainian companies was stipulated by the growing price for the components and PET that allowed to forecast a higher price in March.

Gatronova supplies became record over the whole period of the Ukrainian imports. The biggest Ukrainian converter purchased  about 10,000 tons of PET grade A-80 of Pakistani production. There was also a sharp increase in supplies of the Belarusian PET. In general, about 2,300 tons of bottle PET were shipped to Ukraine. Imports from Lithuania doubled. The Ukrainian converters resumed polymer imports from UAE. Supplies of the Chinese PET decreased, mainly at the expense of shifted purchases in favor of the Middle Eastern material. Imports of the granulate from China made about 2,000 tons that was by 500 tons less than last month.

Author:Marina Ivanova
Category:General News
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