Global PET prices have been losing ground in markets including Italy and China on the back of the weaker buying interest as well as the softer upstream costs, as per Chemorbis. In Europe, May MEG conttract prices indicate a decrease of €66/ton (US$94/ton) compared to April settlement mainly due to the higher euro/dollar parity.
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Tuesday, May 17, 2011
PET prices decline in Europe and Asia
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