Crude oil price drop to below psychological level 100 $/bbl (brent) last week worsen the market sentiment in Petrochemical market.
Our September raw material cost drop further which may increase PET producers margin a little.
This may cause producers with inventory pressure to lower the price further but could be only temporary.
Anyway, outlook for October in downstream, PET remains bullish with improved demand from both beverage & garment sector.
So it is now the matter of downstream versus upstream sentiment.
Although, you have booked with us at 43 B/kg,
I will keep monitor the market for you, if price really lower in October, I will leverage your cost as best as possible in the next order krub.