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Chinese PET chips market continues downtrend last week
07
Oct '14
The Chinese PET fibre chips USD market continued to follow a downward trend and prices went down due to subdued demand from the downstream buyers in the last week ending Oct 3.

PET chips market remained mediocre and prices moved down as downstream buyers were less active in purchase and stayed away from the market during the week.

Chinese polyester chips prices declined in the USD market and were quoted around US$ 1190-1210/ton (FOB North East Asia) during the week under review.

PET bottle grade chips trends fell further, initially in tandem with weak feedstock market and later slack demand from the downstream.

Mainstream offers for PET bottle grade chips were around US$ 1220/ton to US$ 1240/ton FOB CMP level and traded prices were around US$ 1210-1230/ton.

Fibre2fashion News Desk - India

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