Local PET Bottle offers on cash, FD basis (excluding 10% VAT in all terms)
Export PET Bottle offers on LC at sight, FOB Indonesia basis
An Indonesian PET producer mulls over price adjustment, backed by the shift in crude oil and monomer prices. As told to SSESSMENTS.COM, in the upstream market, monomer prices in Southeast Asia have been rallying following the rebound in crude oil prices. On a week-on-week basis, PTA prices inched up by $15/ton, while MEG prices went up between $24-27/ton. Due to the circumstances, the producer is planning to adjust the prices up by next week.
This week, the producer maintained a stable offer level for the local market despite the rally in crude oil prices. Overall buying sentiment for PET resins is still weak amidst tepid end-product demand and pessimistic economic conditions. To the export market, SSESSMENTS.COM was told that the producer is facing difficulties in selling to Vietnam due to competitive prices in the country.
Click below to view related stories and content on Indonesia PET:
MonthlySSESSMENTS: April Indonesia PET Prices
WeeklySSESSMENTS: Indonesia PET Prices Week Starting May 4
Tags: Asia Pacific,English,Indonesia,News,PET,SEA
Published on May 8, 2020 4:25 PM (GMT+8)Last Updated on May 8, 2020 4:25 PM (GMT+8)
