MOSCOW (MRC) -- Market capacity of polyethylene terephthalate (PET) in Kazakhstan increased in 2014 by 5% year on year and totalled 54,400 tonnes, according to ICIS-MRC Price report.
To dat, there is no production of PET chips in Kazakhstan. Local bottlers and converters meet the needs of the Kazakh market by imported Chinese and Korean PET. China and Korea are the main PET chips suppliers.
At the same time, Chinese grades accounted for 59% of the total imports of material for the production of PET preforms in 2014, whereas Korean grades accounted for 41%. Last year's share of other countries-suppliers was low and was less than 1%.
The growth in consumption was achieved because of a surge in shipments in December, as the overall consumption of material in the market remained stable from January to November 2014 compared to the same period of 2013. December PET imports totalled 5,800 tonnes, up by almost 5 times than imports in November.
According to ICIS-MRC Price report, spot prices of Asian bottle grade PET fell again in the domestic Kazakh market last week. On the average, traders made discounts of Tenge 5,000-10,000/tonne to customers. The price range dropped to Tenge 240,000-260,000/tonne CPT Almaty, including VAT.
MRC