A Chinese PET producer contacted by SSESSMENTS.COM informed on adjusting PET Bottle offers for the local and export market to match current demand. Despite the relatively stable MEG and PTA prices, the producer decided to lower PET Bottle offers by CNY50/ton ($7/ton) for the local market and by $5/ton to the export market, since offers in both markets are generally on a downtrend owing to slow demand. All changes on the week-on-week comparison.
Local PET Bottle offers on cash, EXW China basis (including 13% VAT in CNY term, excluding VAT in USD term)
Export PET Bottle offers on LC at sight, FOB China Basis
