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(From Chemical Business NewsBase: Plastics News)
PET resin demand in Europe is anticipated to rise by 10% in 2002. Producers announced price hikes of EUR 130/tonne in Apr 2002 and a further EUR 70-80/tonne increase effective May 2002. Actual price hikes achieved were approximately EUR 160/tonne during Apr/May 2002, instead of the EUR 200/tonne announced previously. Average contract …