Tag: India: Virgin PET buying stays cautious; rPET value chain extends weekly decline

Reliance cuts PTA prices; IOCL lowers MEG Virgin PET trades below list prices India’s polyethylene terephthalate (PET) market remained subdued during the week ended 10 July, with weak downstream demand continuing to weigh on both virgin PET and recycled PET (rPET). Competitive spot offers kept virgin PET transaction prices below domestic producer list prices, while…