Wednesday, January 05, 2011

Spot PET prices end the year on a rising trend as demand picks up in Asia

In Asia, spot PET prices ended the year on a rising trend, with most predicting that prices will continue to firm up in the days ahead, as per Chemorbis. In addition to finding support from stronger uupstream costs, PET sellers are also reporting improved demand inside Asia as beverage manufacturers within the region began ramping up their rates in the final week of 2010 in order to begin preparations for the Chinese New Year holidays, which will begin at the start of February.

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