Global PET fibre chips prices decline this week

02 Jan '15
1 min read

Chinese PET fibre chips prices continued to follow a downward trend during this week, due to weak demand from the Chinese downstream market.

Average prices of semi dull chips were around RMB 6,485 per ton and super bright chips were around RMB 6,485 per ton.

CDP chips prices were assessed around RMB 8,000 per ton during the week in the Chinese domestic market.

PET bottle grade chips export market continued to soften in tandem with weak feedstock market and uncertain market outlook.

Mainstream offers were around US$ 960-965 per ton FOB CMP level and traded prices were around US$ 950-955 per ton FOB basis.

In Europe, contract prices of PET bottle grade chips went down to € 1030 per ton FD NWE and spot prices also declined to € 910 per ton FD NEW.

In Korea, mainstream offers were at US$ 1010-1030 per ton, while traded prices were at US$ 980-1020 per ton.

Fibre2fashion News Desk - India

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