PET price not to undergo fluctuations in Indian market in the near term – 26 Sep 2014

Demand for PET material continues to move on a steady trajectory in Indian markets, and there is no prospect of the price to undergo significant fluctuations. Demand is moderate as the major end-user--beverage bottle industry--is not functioning to the fullest capacities. Traders in major trading hubs in the country said that ample stocks are available, and the price is not likely to undergo any signficant fluctuation. 
 

Notably, prices of the principal feedstock--PTA and MEG--have remained unfluctuated during the recent past.
 

PET is sold in the major markets in the country at around Rs 110-111 a kg.