Monday, December 12, 2011

PET prices firm up on higher upstream costs in China

In China, the domestic PET market stabilized last week, while export offers also followed a steady trend supported by crude oil prices which crossed the US$100/barrel threshold, as per ChemOrbis. Chiinese PET producers raised their prices this week on the back of stronger upstream markets in the wake of high energy prices, with recent hikes leading to expectations of a stable to firmer trend in the near future.

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