Asian Recycled PET Price: Prices remain
steady■ Hearing that processing costs are rising■ Falling virgin prices may cause
downward price revision: sourceAs fundamentals remained
largely unchanged, Asian recycled polyethylene Terephthalate prices remained
stable over the week. The market dynamism was low for the week that began June 26,
as producers decided to maintain stable offer levels. One recycler said that although local markets have not
changed, the only thing that might have been different was the fluctuations in
international exchange rates. Sources said
that bale supply has remained tight, but there are no major problems with
feedstock availability. However, prices for good quality bales were reported to
be between 60 and 65 cents per kg. Although
freight prices remain relatively stable, some recyclers are concerned about
shipment delays due to a slight shortage in containers. Processing...