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The German PET market:
Mark-ups amid restricted upstream products imports

11 Feb 2021 − 

January contract volumes for primary PET were sealed at significantly higher prices than at the end of 2020.

The short-term trend reversal was even more pronounced for spot volumes. The price increase for primary material was not the result of an emerging increase in demand, but solely due to external factors. Therefore, there was some scepticism as to how sustainable the mark-ups would be. The development of the US dollar and simultaneously rising oil prices were having an impact on the pricing of the contracts, as was as a shortage of upstream products. This limited availability arose from the current situation on the freight markets. Containers were scarce and when available, they were significantly more expensive.

This is an excerpt from EUWID's report on the German PET market. The EUWID Price Watch PET for January together with the complete report is published in EUWID Packaging Markets 3/2021.

 

 

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