Oct 23: PET trading conditions in India are not likely to improve but continue to remain dull tentatively up to the second week of November 2013. Discussions with several PET end-users revealed that they were in no mood to build up raw material inventories, which is a clear indication of demand for PET not likely to strengthen in the near term. PET price could thus be expected to decline in the country in the coming days. A trader in the Mumbai market told Indianpetrochem about the market conditions for PET," PET sales are continuing to be dull, but, I expect the sales to gain momentum only after Diwali."
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