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European pet market remains firm with higher upstream costs

wallpapers News 2020-07-11
The

European PET / > pet market continues to witness an increasing trend, with local prices approaching the threshold of 1000 euro / ton according to chemorbis. There are two reasons for the market strength: one is the rise of upstream costs; the other is that the peak season of pet application is coming. The price of a PX contract of

at the beginning of March increased by 90 euro / ton compared with February. Subsequently, the price of another PX contract was established, with an increase of 70 euro / ton compared with February. Meanwhile, the contract price of MEG at the beginning of March increased by 75 euro / ton compared with February, but European market participants said that the new round of pricing had not been announced.

in Italy, according to a packaging manufacturer, the purchase of pet in southern Europe will cost 20 euro / ton more than in early March. "After the market situation improved further, the pet price of 900 euro / ton no longer exists. Dem is good so far, probably because buyers want to replenish inventory before prices rise further. We expect the rally to continue into April. " One buyer commented. Another buyer of

purchased a small amount of pet from Western Europe, the price increased by 50-60 euro / ton compared with last month. With the arrival of the summer peak, the dem for pet in the plastic bottle sector is gradually improving, he commented. Pet prices are likely to rise further in April, but less than this month, the buyer said.

in Germany, the pet price of a dealer in March increased by 30 euro / ton compared with February, but the possibility of further price increase in late March could not be ruled out, with the increase of up to 50 euro / ton.

, a packaging manufacturer, purchased pet from China Europe, with a price increase of 50 euro / ton compared with last month. According to the buyer, the market supply is limited because some manufacturers are no longer accepting new orders. Another French dealer raised the pet monthly price by 30-50 euro / ton, said that as upstream costs continue to rise, the trend of pet price increase is likely to continue into April.


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