MOSCOW (MRC) -- Mogilevkhimvolokno, the only Belarusian producer of polyethylene terephthalate (PET) chips, has announced to its customers a reduction in export prices for December shipments, according to ICIS-MRC Price report.
Export prices were reduced by EUR51-53/tonne FCA Mogilev, excluding VAT.
The producer is making concessions to buyers on the back of the overall downward price trend in Europe and Asia. The purchasing power of Belarusian PET consumers fell in the CIS countries. Consumers said they expect prices in foreign currencies to go down in December, following the November devaluation of the national currencies in Ukraine and Russia.
Open Joint Stock Company "Mogilevkhimvolokno" is the only Belarusian major producer of dimethyl terephthalate, PET polyester chips, food grade PET, polyester fibers and yarns and the main feedstock supplier for consumer industry of Belarus. The state's share in the company is 90.53%.
MRC