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Chinese PET chips prices climb during this week
27 Feb '15
1 min read
The Chinese domestic PET chips market showed strong outlook and prices climbed due to bullish demand from the downstream market coupled with improved in trading activity during this week.
Average prices of semi dull chips were around RMB 6,360 per ton and super bright chips were around RMB 6,360 per ton.
CDP chips prices were assessed around RMB 7,500 per ton during the period in the Chinese domestic market.
PET bottle grade chips export market increased in tandem with poor market fundamentals during the week.
Mainstream offers were around US$915-920 per ton FOB CMP level and traded prices were around US$ 905-910 per ton FOB basis.
In Europe, contract prices of PET bottle grade chips went up to €785 per ton FD NEW, while spot prices declined to €695 per ton FD NWE mark.
Average prices of semi dull chips were around RMB 6,360 per ton and super bright chips were around RMB 6,360 per ton.
CDP chips prices were assessed around RMB 7,500 per ton during the period in the Chinese domestic market.
PET bottle grade chips export market increased in tandem with poor market fundamentals during the week.
Mainstream offers were around US$915-920 per ton FOB CMP level and traded prices were around US$ 905-910 per ton FOB basis.
In Europe, contract prices of PET bottle grade chips went up to €785 per ton FD NEW, while spot prices declined to €695 per ton FD NWE mark.
Fibre2fashion News Desk - India
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