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PET Resin, Petrochemical Trends, Chemical Supply and Demand, Global Chemical Market, PET Packaging Market
February 03, 2021 | Javier Rivera
As we moved into the Q4 2020, outstanding demand of PET in the US has improved the performance of producers in America. Not only in the US and North America, demand of PET in South & Central America remained also exceptionally strong in Q4 2020 due to
Most of the reasons continue to justify the high demand for PET related products, and therefore a high operating rate of converters, users and PET producers.
All the PET producers in America are running at high rates. Not only in Argentina, but also PET producers in Mexico, helped by growing exports, are operating their plants at full capacity. Utilization rates of PET units in Brazil are also at unusual and historically high levels. The high PET rates are expected to continue until the beginning of Q2 2021, when turnaround outages in most of the countries have been scheduled.
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