Asian PET: Falls amid weaker upstream markets- Margins recovering slowly- The overall demand is tepidAsian PET fell in the week ended May 10 on
the back of weaker-upstream prices and muted demand.-Upstream PTA has been
under pressure due to falling-feedstock PX, which weighed on offers for
PET.-However, the fall in polyester fiber and yarn prices have been-more
gradual compared to the volatility in PTA prices, a trader-said, which helped
support the polyester market.-Margins were recovering slowly, according to a
trader and a-producer, which could help support market sentiment.-Overall inventory
levels in China were sufficient for around 20-days, according to a
producer.-Demand remained tepid amid slow global consumer spending,-and buying
interest was subdued due to low operating rates at-finished goods manufacturing
facilities.-Operating rates at polyester facilities in China were estimated-at
83.67% in the...