High season fails to boost European PET market
The European PET market is holding mostly steady over the past week and expectations continue to be voiced for June. Looking back at the same period of last year, PET prices had registered strong increases in May before stabilizing in the following month. This year, however, the PET market failed to receive a boost from the high season in May so stabilization took place earlier with respect to 2015 and no upturn is on the horizon for June.