In January, there was little change in the market for PET compared to December 2021.
Goods from the Asian market were being shipped to Europe, but the volumes delivered and the schedules did often not correspond to the agreements. According to industry sources, some shipments had been delayed by up to three months. European PET manufacturers could absorb the current demand, but continue to achieve significantly better prices in the US export business than within the European domestic market - despite the continuing high freight costs for the over-sea containers. Despite the shortage of virgin PET in the domestic market, prices have been somewhat volatile since late November/early December, with a short-term downward trend. However, at the beginning of February prices...
⇒ This is an excerpt from EUWID's report on the German PET market. The EUWID Price Watch PET for February together with the complete report were published in EUWID Packaging Markets 3/2022.
