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Sentiments improve in Turkey's PET market

April 19/2012
(polyestertime) -- Turkish players report that sentiment has improved in the PET market over the last week. Sellers started to receive an increasing number of inquiries from buyers in line with the opening high season for PET bottle applications amidst warmer weather conditions.

Most sellers reported achieving better sales compared to March, although, firmer sentiment has yet to affect import prices. This is mainly because spot feedstock markets followed a steady to slightly softer path recently. 

In Asia, where spot feedstock costs recorded gradual drops during March, MEG and PTA prices gained some ground during last week, while PX prices softened further.

Import PET offers into Turkey saw stable prices or relatively smaller decreases compared to the previous weeks when there were persistent price cuts during the the second half of March, owing to cautious purchases of buyers amidst their sufficient stocks as well as bearish feedstock markets. 

In the light of better sentiment, domestic PET producers have been following flat pricing strategies since the
start of April after issuing price cuts late last month. A source from a PET producer reported that their sales
performance improved. У
Author:Anna Larionova
Category:General News
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