The Hx May xxxx, the Polyethylene Terephthalate (PET) market experienced a divergent price trend in the global market. The primary factor which influenced the price trend for PET is the seasonal factor, availability of material and the appetite of downstream market. The feedstock market also influenced the prices in some regions.
In the United States market, PET prices continued its stable trend during the month. The domestic market appetite remained limited during the period, as the downstream market players already stocked enough material from the overseas market. The downstream market activity remained steady during the period, coupled with the availability of inventory levels. Amidst the highly tension with China, and the imposition of consecutive tariffs. The import from the Chinese market remained dull, and the market shifted towards the other key manufacturers including Taiwan and South Korea. While the import from...
