Asian PET: Flat bottle-grade prices; volatilty of fiber
and yarn prices- The PET bottle trade activity slows down towards
December- Upstream price volatility affects polyester fiber
and yarnThe Asian PET bottle-grade
price remained stable over the past week despite a tapering trade activity.
Both buyers and sellers opted to remain on the sidelines, while prices for PET
bottles remained stable. As
buyers remain cautious about the future, especially in light of volatility in
the upstream markets, the demand has been declining towards the end. According to market sources, bottle demand is seasonalally
lower in winter. Market sources also said
that sellers weren't in a rush to enter into trade negotiations, despite
slightly decreasing operating rates. Producers
have a manageable inventory and most have secured orders until January. Market participants stated that traders don't feel the need...