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Chinese PET chips market stays stable-to-up last week
02
Dec '14
PET fibre chips market improved somewhat and prices remained stable-to-up due to firm feedstock in the Chinese market during last week ending Nov 29.

PET fibre chips prices opened with firm sentiments initially, which however, moved down and gradually stabilised towards the end of the reporting week.

In the Chinese USD based market, polyester chips prices increased from a rebound in feedstock trends at the beginning of the week and were quoted around US$ 1110-1130/ton FOB North East Asia at end of the week.

PET bottle grade chips export market remained stable due to weak demand from the downstream buyers during the period.

Mainstream offers for PET bottle grade chips were around US$ 1140-1150/ton FOB CMP level and traded prices were around US$ 1120-1140/ton FOB basis.

In the domestic market, average prices of semi dull chips were assessed at RMB 7,645/ton and super bright chips were offered at RMB 7,645/ton last week.

CDP chips prices were quoted around RMB 9,150/ton during the previous week.

Fibre2fashion News Desk - India

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