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India: R-PET prices rise due to stronger domestic demand and higher indications / Better domestic demand encourages export offers / Export demand queries continue

India: R-PET prices rise due to stronger domestic demand and higher indications / Better domestic demand encourages export offers / Export demand queries continue

Jul 22, 2024

The Indian recycled polyethylene terephthalate marketstrengthened on firmer domestic demand supportingexportoffers.FOB India R-PET flakes price up $11/mtonthe week at $941/mt and pellets were up $10/mt on the week at$1,250/mt July 17."Indian domestic R-PET pellets prices are much highercompared with the export offers," an Indian pellets producersaid. "Limited approved producers of pellets with appropriatecertifications catering to the Indian demand are keepingdomestic prices elevated."A Middle East buyer of Indian flakes said: "We are looking forthe flakes for our fiber usage and checking with Indian producersfor appropriate offers," adding, "Offers at the moment are wideranging, and we are hearing some uptick in the flakes' prices fromSoutheast Asia as well."Another Indian producer said: "Indian pellets prices are wellsupported from robust Indian demand, which is why selling atlower prices in [the] export market would be...

Exclusive market movement data, shipping lineups, demand signals and pricing rationale continue in full report.

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