PET Bottle Chip Market Morning Express (Nov 16, 2010)

PET bottle chip market is flat this morning. The talked prices are around 12800-13000yuan/mt and the discounts are available for large volume deals. Most buyers keep wait-and-see.

In export market, a few offers are at $1600/mt, but the transactions are rare due to volatile feedstock market. In Korea, the offers for US gulf are said at $1500/mt FOB Korea.

$1=CNY6.64

source:CCFGroup.com