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PET prices beat new records

April 01/2011

MOSCOW (MRC) -- Prices for PET beat new records that is caused by feedstock deficit in the Russian market and growing prices in Asia, according to MRC analysts. Now the prices for PET granulate from main Russian producers are within the range RUB 75.5 Ц 77 thous. At the end of last week Asian PET was traded within the range USD 1.880 Ц 1.920/mt, FOB. From the year start PET prices n the domestic market have grown by  RUB 12 thous.

Dollar rate against rouble has a lowering tendency in Russia that may neutralize growing prices in Asia. The tendency in the currency market may change in April since now dollar against rouble is at its minimum since last year.

Many market players now refuse from Asian PET, despite a higher level of prices from Russian producers. The main reason for that is high risks of long-term logistics.

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