Asian
Recycled PET: [Dynamic] ■ European demand remains high ■ Long-term outlook bullishDue
to low trading activity in many markets, Asian recycled polyethylene
Terephthalate prices remained stable on May 4. While Hari Raya Puasa was
celebrated in Indonesia and Malaysia, King Maha Vajiralongkorn's coronation was
being commemorated in Thailand. According
to sources, prices will likely remain stable or rise in the short term due to
European demand for premium-grade flakes. The
availability of feedstock is a constant problem, especially for small-scale
recyclers. Larger manufacturers tend to reserve feedstock months ahead. Due to the lack of tourism, post-consumer bottles supply has
been limited. One market participant
stated that this is changing as the countries in the region relax their border
restrictions. However, it will be a while before the market gets supply. Prices for FOB SEA PET...