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Spot PET prices climb in Europe

Petrochemical industry | 03 Dec 2021 14:30 IST | Polymerupdate.com

This week, PET bottle grade spot prices gained in Europe. Prices climbed, mainly on account of bullish demand trends and persistent constrained product availability in the region.

In the spot markets, FD North West Europe PET prices were assessed at the Euro 1595-1605/mt, a week on week gain of Euro (+15/mt).

In the contract markets, bottle grade PET prices were assessed at the Euro 1560-1565/mt FD North West Europe levels, unchanged from the previous week.

Upstream MEG spot prices were assessed at the Euro 925-930/mt FD North West Europe levels, a week on week drop of Euro (-15/mt).

Meanwhile, in Asia, PET prices were assessed at the USD 1070-1120/mt FOB North East Asia levels, a fall of USD (-10/mt) from last week.
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