Looking at Italy’s import PET market, Indian, Indonesian and Turkish cargoes were traded at levels around €10-35/ton below the lowest price in the local market depending on the origin.
The West European PET market is also tracking a largely stable trend and import cargoes, which were offered at levels below the €900/ton threshold, attracted some buying interest. Some buyers in Germany concluded their May PET deals with rollovers from last month and commented that they expect prices to hover at around the current levels in June. A packaging producer in Belgium reported making some purchases from the local and import PET markets at stable levels from April. The buyer commented that the PET market is rather calm, adding that he expects to see rollovers to slight decreases in June.