In the United States market, PET prices remained stable during the early week of the month while it fell during the second week, notably by x.xx and prices reached at USD xxxx/MT FAS Houston. Demand for the PET remained steady during the period. However, the buying interest of the downstream market remained thin coupled with the existing trade tension, economic pressure stemming from the tariff related uncertainty.
While the supply remained ample in the region despite fluctuating feedstock prices and the rising logistics freight charges from the Asian market. Feedstock MEG prices rose during the period by x.xx while the prices for the feedstock PTA declined by x.xx only. Logistics freight charges rising from the Asian route since the early May xxxx coupled with the President Donald Trump’s pause on the import tariff led to the rise of the traffic. The change in...
