PET prices in the early half of January xxxx鈥俽emained stable in the US as steady supply and limited demand momentum. Sentiments turned鈥俠earish in the downstream market because of slow consumption in major downstream sectors which led to weak purchasing power and mild pricing demand. It was also noted that trade was flat with subdued demand and鈥俿mall margins preventing prices from moving significantly. Buyers continued to wait on the sidelines and hold inventories鈥俽ather than support the market with fresh spot purchases. MEG prices rose by x.xx in the feedstock complex as鈥俛 whole, owing to tight supply and persistent geopolitical tensions. On the contrary,鈥倀he price of PTA was stable and thus no significant cost-driven fluctuation appeared in the US PET market during the month.
In Europe, PET prices also followed a bearish trend, with prices on the German鈥俶arket falling by x.xx in the first...
