Asian Recycled PET: Stable in thin trade- Low
demand due to economic uncertainty- Outlook
mixed cost-push and weak demandThe prices of recycled low-density,
high-quality polyethylene in Asia were stable. A trader stated that China
was the main buyer, as there was very little demand due to economic
uncertainty. The outlook was mixed. The market outlook was mixed for sellers. This was not
because of demand, but because they believe it is a cost-push. Sources indicated that rising oil prices were threatening
global margins and could have an impact on new startups. Some traders stated that the outlook was not good as
interest rates continue to rise while consumers are being curtailed by
inflation. Some observers suggested that
financing costs could rise further as certain countries in Southeast Asia have
less economic stability than developed countries. Producers stated that they...