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South Korean producer cuts PET offers to export markets

by ChemOrbis Editorial Team -
  • 21/06/2018 (14:51)
A source from a South Korean PET producer reported that they implemented a decrease of $10/ton on their export offers when compared to last week. The source cited lower MEG prices as the main reason behind their decision.

The producer’s PET offers currently stand at $1410/ton FOB Busan, cash.

“We are now offering our August shipment cargoes. The market might see some further downward adjustments as buyers have started to show resistance to our offers by pointing to the softer upstream chain,” the source commented.
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