PET prices are likely to open the post-holiday period on a largely stable trend assuming no major changes in upstream costs. In feedstock news, PTA prices climbed by around $15/ton on the week to $560/ton CFR China while spot MEG prices increased by $10/ton to be quoted at $610/ton with the same terms.
The weekly PET analysis will be suspended for the week of February 7-12 due to the Chinese New Year holidays.