- Market is uncertain and needs clarity- Interest is expected to grow





The week ended Aug. 31 saw little trading
activity on the European virgin polyethylene Terephthalate market, with prices
continuing to fall. According to certain sources, European
producers refused to lower their prices despite facing stiff competition from
imports. Trade liquidity was still very limited, with
most deals being for immediate consumption. A trader
stated that customers are buying "hand-to-mouth". Market
activity has been affected by uncertainty regarding the PET spot price trend
and dynamics in the energy-and feedstock markets. According to
a converter, the market is currently in a "wait-and-see" mode. This
is because consumers are waiting for information on price dynamics and then
using their stocks. Sources said that the market is at a standstill
because most consumers are not willing to accept...