Episode 1156: PODCAST: Asia, Mideast PET sees need-based buying, geopolitical factors weigh on sentiment
SINGAPORE (ICIS) – Buying in Asia and the Middle East polyethylene terephthalate (PET) markets remained relatively need-based, with factors like geopolitical tensions and uncertainties in freight rates clouding sentiment. · Mixed sentiment in Asian markets, PET tracks upstream closely· Uncertainty around freight rates leads to need-based buying· Inventories with Mideast buyers high, however some replenishment expected post-Eid breakIn this chemical podcast, ICIS editors Damini Dabholkar and Zachary Tia discuss recent market conditions with an outlook ahead in Asia and the Mideast. ICIS will be at the Chinaplas conference in Shanghai from 23-26 April. Please feel free to get in touch with our team there.