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NewsSSESSMENTS: Chinese PET Producer Adjusted Local And Export Offers To Match Current Demand

Author: SSESSMENTS

A Chinese PET producer contacted by SSESSMENTS.COM informed on adjusting PET Bottle offers for the local and export market to match current demand. Despite the relatively stable MEG and PTA prices, the producer decided to lower PET Bottle offers by CNY50/ton ($7/ton) for the local market and by $5/ton to the export market, since offers in both markets are generally on a downtrend owing to slow demand. All changes on the week-on-week comparison.

Local PET Bottle offers on cash, EXW China basis (including 13% VAT in CNY term, excluding VAT in USD term)

OriginTransaction TypeOffers (CNY/ton)Equivalent in USD/ton
ChinaOffer Given5,400682

Export PET Bottle offers on LC at sight, FOB China Basis

OriginTransaction TypeOffers (USD/ton)
ChinaOffer Given665-670

Tags: Asia Pacific,China,English,NEA,News,PET,SEA

Published on July 29, 2020 12:33 PM (GMT+8)
Last Updated on July 29, 2020 12:33 PM (GMT+8)