Poly Ethylene Terephthalate
PET was subjected to strong demand conditions as manufacturing of bottles were going on in full-swing. Normally, demand for the PET material remains strong during the summer season as manufacturing of beverage bottles stays at peaks. In the major open market prices, the prices were at around Rs 109-111/KG.
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Indian producers, however, revised their ex-work prices in accordance with the domestic demand conditions.
Supplies of the material were ample as domestic producers maintained their supplies constantly.
In 2013-14, the consumption of PET in the country was at around 791MT. Demand for the material is growing annually at around 18%, according to statistics.
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