Asian Recycled PET Prices Lower■ Feedstock Prices Lower in Thailand■ Concerns remain over global belt-tighteningAsian recycled polyethylene Terephthalate
prices fell $5/mt on the week due to a weakening upstream price and a poor
buying market. As
the rainy season continues its dampening effect, Thailand's demand for RPET
resin has declined. According to
Thai-based sources, sheets and non food packaging have seen their selling
prices drop. One source from Thailand said
that bale inventories are now healthy due to slower business and the market
being over-inflated. "A correction is needed," he added. For normal quality bales, with labels, bale prices in
Thailand were estimated to be between 47-48c/kg. Bale prices in Indonesia were slightly higher at 50-60c/kg. Regional suppliers stated that although offer levels are
stable, they expect price drops in the next few weeks. "Both supply factors and...