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FocusSurging feedstock costs shove Asia PET to four-month high

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By Yu Guo DUBAI (ICIS)--Asian polyethylene terephthalate (PET) bottle-grade chip prices climbed to four-month highs above $1,300/tonne (€936/tonne) and the uptrend is likely to continue amid surging feedstock costs, industry sources said on Wednesday. PET bottle-grade chips are used in plastic bottles for mineral water and other beverages, and are also used as feedstock for polyester fibre production. Demand was just stable, particularly coming from the...

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