- Staggerant prices point towards market balance- Rising Asia PTA Prices may close 



Sources indicated that the demand for US
polyethylene Terephthalate is still low. They also said that there was
increasing interest in import opportunities for intermediate chemicals. The US PET price has
remained stable since February's beginning, which indicates a balanced supply
and demand. Sources said that PET prices
in northeast Asia rose $60-65/mt between February 22 and March 29. However,
America's buyers weren't willing to pay higher prices until recently. Mexico's local producer has yet to announce any pricing
changes for April. This, sources claim, has resulted in an increase in Latin
American orders in anticipation of higher domestic prices. Sources said that buyers are still being cautious with their
inventories. One seller said that buyers
are trying to keep inventories as...