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Asian RPET: ASEAN currency strengthskeeps offers high / Standard, food-grade R-PET flakes spread narrows $15/mt / Pellet Buyers Wary of Widening Gap Between Virgin PET Prices

Asian RPET: ASEAN currency strengthskeeps offers high / Standard, food-grade R-PET flakes spread narrows $15/mt / Pellet Buyers Wary of Widening Gap Between Virgin PET Prices

Sep 12, 2024

FOB Southeast Asia recycled polyethylene terephthalateprices were stable to firm in the week ended Sept. 11, withrecycler offers largely unchanged amid mixed buying sentiment R-PET clear flakes (50-100ppm PVC) up $15/mt on the week at $870/mt, narrowing the spread with premiumflakes (less than 30ppm PVC) to reflect deals done at that level.Conversely, R-PET premium flakes andfood-grade pellets flat for the week at $950/mt and $1,320/mt,respectively, given unchanged fundamentals.Overall, deals and discussion for both flakes and pelletswere heard ongoing but buying sentiment appeared mixed,amid stronger currencies in the Association of Southeast AsianNations against the US dollar. "We had to raise our prices due to the rupiah currencyappreciation, but buyers [within Asia] struggle to accept this. [However,] we still managed to conclude deals," an Indonesianrecycler said.Another SE Asia recycler echoed their customers...

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