Demand for PET remained weak in the Russian market
Trends in the Russian market for PET chips remained unchanged in early October from the previous month, as per the ICIS-MRC Price Report.
Contract and spot prices continued falling.
The contract prices of Russian plants for most buyers this month were in the range of roubles (Rb) 76,500-79,500/tonne CPT Moscow, including VAT.
Most formula buyers buy decreased purchasing volumes of PET; demand was extremely low or not at all in the spot market.
Domestic PET market is expected to improve in November.
As MRC informed earlier, Plant of New Polymers Senege, one of the Russian producers of PET chips, shut production of polyethylene terephthalate (PET) for scheduled repairs on 1 October. According to a source in the company, the shutdown will take about a month. The exact date of the completion of the turnaround was not reported.