PET

Prices U.S.: 63 cts-65 cts/lb, November contracts Europe: €1,250-1,290/m.t., October contracts Outlook Demand in the global polyethylene terephthalate (PET) market was 42.9 million m.t. in 2006 and is projected to grow 4.9%/year to 2011, says SRI Consulting (SRIC; Menlo Park). Global PET polymer capacity is forecast to grow 2.9%/year during the same time period, however, SRIC says. A double-digit growth rate is forecast for the solid-state PET in Central and South America, the Mideast, and Central and Eastern Europe to 2011, SRIC says. PET producers...

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