European PET: Market lull
continues amid low buyinginterest■  Prices
stable as market remains quiet■ Supply healthy with steady
production heardEuropean spot polyethylene teraphalate prices remained steady
onthe week to Nov. 16, as the market settled into a lull amid the
tensionbetween consumer and producer pricing expectations.Industry sources
reported that the PET market might have hit afloor for prices, with any further
possible reductions resulting in lossesfor producers.However, a source said,
"never say never in terms of prices falling,we just don't know."Spot
market activity remained quiet, with few deals being heard asconsumers continue
to report full inventories and lack of downstreamdemand for sheet
applications.Strong import material penetration continued to pressure
prices,while buying interest remains weak despite competitive pricing.European PET Weekly Rationale









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