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Markets :: Plastics :: PET
PET Demand Stays Volatile
12:46 PM MDT | June 26, 2009 | Lindsey Bewley in Chicago
The polyethylene terephthalate (PET) market continues to grapple with weak demand growth and overcapacity, producers told CW at the National Plastics Exposition, held in Chicago earlier this month. Demand will rebound eventually, but it will be volatile in the near term, producers say. Global PET demand has fallen about 3%-5% this year, due to the economic downturn, says Tom Sherlock, business director/resins at DAK Americas. However, demand for thermoforming materials is increasing due to their use in food packaging, including salad trays, Sherlock says. The...
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