- Market is influenced by a cautious buying attitude- Supply remains strong



European virgin polyethylene Terephthalate
prices dropped in the week ending Sept. 14, as buyers continued to be cautious. Sources said that everyone
buys what they are required to. Another
source stated that while people will continue to consume, it is a matter of
people being cautious and waiting for the bottom. Customers are suffering. Another source said that customers are suffering because
they're holding onto new purchases and reducing their inventories. The supply is healthy and there was no impact from the
maintenance period. This is because producers' inventories were high. Imports from Asia and other regions continue to flow towards
Europe, which puts pressure on producers in a time of tightening energy prices. One source indicated that some import materials might not be
available due...