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Asian R-PET: FOB SE Asia stable amid freightchallenges / Demand from East Asia and the Middle East is robust / FOB Southeast Asia R-PET offers stable for the week

Asian R-PET: FOB SE Asia stable amid freightchallenges / Demand from East Asia and the Middle East is robust / FOB Southeast Asia R-PET offers stable for the week

Jul 22, 2024

R-PET pellets for food-grade were also assessed at $1,250/mt. According to market sources, import demand for FOB R-PETclear flakes (premium grade) remains robust. According to market sources the import demand for FOB RPETclear flake (premium grade), is still robust. Several recyclers have reportedly concluded deals for Julysales cycles. Demand is stillthere," a Southeast Asian recycler said.At the same time, buyers from Europe and North Americawere heard to be taking a wait-and-see approach, given thehigher availability of R-PET material during the summer seasonin those markets and lower East-West arbitrage due to highfreightrates.Freight quotes from Southeast Asia to Europe were heardunchanged, around the $9,700/FEU mark, while freight fromSoutheast Asia to the Middle East was heard to be stabilizing ataround $3,500-$4,000/FEU.On the supply side, Southeast Asian recyclers mostly retainedtheir offers this week, while...

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