PET Producers Want Hikes

U.S. polyethylene terephthalate (PET) producers have announced a 5-cts/lb price increase, effective February 15 and March 1, depending on producer. Rising feedstock costs pushed PET margins into the red in December, despite a rollover in contract prices to about 78 cts/lb. January margins are likely to contract again in expectation of lower PET prices, analysts...

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