MOSCOW (MRC) - Polyethylene terephthalate (PET) imports in Kazakhstan were 30,500 tonnes in the first half of 2014, up 15% compared to January-June 2013, according to ICIS-MRC Price Report.
The share of Chinese PET chips occurred for about 58% from the total imports in Kazakhstan over the reported period. Total imports of PET from China in the first half of the year reached 17,900 tonnes. Chinese PET was popular among local converters first of all because of its lower prices compared with other Asian material.
However, demand for South Korean PET has improved this year. Imports of Korean PET reached 12,700 tonnes in the first half of the year, up 40% compared with the same time a year earlier.
Buying activity was seasonally strong in July. Traders have increased prices on price rise in China.
Spot prices for PET in Kazakhstan were heard in the range of tenge (Tenge) 350,000-358,000/tonne CPT Astana, including VAT.
MRC