Supply for the PET remained ample during the period in region, amid steady feedstock flow, optimistic operation and ample inventory. On the feedstock side, prices for the key feedstock PTA remained stable during the period while another crucial feedstock MEG price declined by x.xxx amid weak upstream support and limited market demand. Though the PET overseas imports remained influenced during this period after rising trade tensions. Following the President Trump Oath, trade and tariff war with China erupted and US imports from the China weakened due to high tariff prompting domestic marketers to explore other Asian market including Taiwan and South Korea.
Market sentiment was further influenced when US administration implemented tariffs on all imported PET and rPET. On September x, US authorities imposed a tariff on all imports for PET and rPET, to strengthen the domestic market....
