- Domestic prices fall due to the influx of imported resin- The success of the West Coast
produce season is still unclear





Sources said that the demand for US
polyethylene Terephthalate is still below the average levels for this time
of year. Prices were lower for both domestic and imported resins,
following two consecutive months of stagnation. Sources indicate that there is a steady influx
of imported material and a lackluster downstream demand. The berry season
continues on the West Coast. However, it is still unclear how much a cold,
rainy winter affected crop yields. The PET thermoforms are used by
suppliers to package berries in clamshell containers. In northeast Asia
the PET FOB price is about $350/mt less than US delivered, which allows
for attractive arbitrage. This trade flow has been further
supported by the pre-pandemic freight rates. However, sources stated...