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Export prices of bottle grade PET decreased in Asia

September 11/2019

MOSCOW (MRC) -- Export prices for bottled grade PET in Asia last week fell slightly to the range of USD840-870/tonne, FOB China, according to the ICIS-MRC Price Report.

Export prices of bottled grade PET in Asia in the previous week were in the range of USD855-880/ tonne, FOB China.

The margins of PET production in the region remains low. If the current price levels continue for some time, the level of capacity utilisation may be reduced.

Yisheng Petrochemical, the largest producer of terephthalic acid (PTA) in China, plans to launch a new plant with a capacity of 600,000 tonnes/year of PET in September-October. The plant will consist of two lines of similar capacity.
Author:Anna Larionova
Tags:Asia, PET-granulate, PET bottles, PET films, PET preforms.
Category:General News
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