- June PX ECP split settles- Flat demand for domestic PET





The fundamentals of the European virgin
polyethylene Terephthalate market were relative stability in the week ending
July 20. This resulted in spot prices remaining unchanged. European market players are still waiting for
the June settlement of the feedstock paraxylene price. According to
market sources, the June European paraxylene contract price settled at Eur1,545-1,570/mt
FD Northwest Europe. This is an increase of Eur305-315/mt from the May
industry-settled price. The split settlement was an average of
individual settlements, at Eur1,490/mt or Eur1,600/mt. Sources said
that July's initial PX contract price settlement was Eur1,450-1,470/mt. Participants
in the PET market said that they will monitor the effect of the PX settlement
price settlements on their market. Sources say that the European market
has not been as hot as usual despite...