PET Prices and News
Lackluster demand, lower oil prices dominate Asia PET markets by Pınar Polat
In Asia, PET suppliers have approached regional markets with stable to softer pricing for the third steady week, with pressure from weak demand conditions, low upstream prices, as well as continuing volatility in the energy markets... 15-04-2022
Turkey’s PET markets weaken as cautious demand outweighs tightness by Merve Madakbaşı
PET bottle and textile chip prices in Turkey reversed course in the second half of March as thin buying interest loomed over the markets and dragged offers slightly lower. Previously, prices were mostly on an uptrend since the beginning of 2022 on the strength of rising oil futures and limited availability... 01-04-2022
Plastic resin industry on another bumpy ride: War-driven energy hikes by Esra Ersöz
Having grappled with the pandemic in 2020 and major supply chain woes in 2021, the petchem industry is this time buckling up for another bumpy ride given rocketing energy hikes. Players across the globe are gripped by ‘very high costs’ and relentless supply limitations on one hand, and growing concerns over a possible demand destruction on the other... 15-03-2022
Asia PET prices reverse slump as oil tests new highs by Pınar Polat
In Asia, PET prices posted losses during the final week of February despite soaring energy prices, taking a breather from an uptrend in place since mid-December 2021. As March kicked off, prices have resumed an uptrend, albeit slightly, as the rally in crude oil prices has gained momentum... 03-03-2022
Asian PET exporters enjoy healthy demand across the board by Merve Madakbaşı
Global PET bottle markets have followed a firm trend in February, driven by spiking crude oil prices. Contributing to the scene have been elevated freight rates and lingering container issues, as they provided an upper hand to sellers. The high season has yet to start in most regions, but Asian exporters have achieved good sales in key markets... 18-02-2022
Polyethylene terephthalate (PET) is formed by polymerization of PTA and MEG feedstocks. While PTA is produced from PX (paraxylene), MEG is produced from ethylene. Therefore, when examining PET production costs, PX and ethylene should also be taken into consideration besides PTA and MEG.
There are three types of PET: bottle, textile and film. PET bottle grade is used in transparent plastic bottles that are frequently used in daily life. As can be deduced from its name, PET textile chips are used in the textile field, while PET film is used in packaging. In terms of global consumption, PET bottle grade is more commonly used than PET textile. POY, on the other hand, is a partially oriented yarn and it is a semi-finished product that corresponds to the next stage of textile chips.
Looking at the top PET suppliers on a country-based breakdown, China is by far the most important seller of PET bottle grade. China, which is self-sufficient in meeting its domestic demand and a net exporter thanks to its huge PET capacities, realizes more than 30% of the global PET trade. China is then followed by Taiwan and India. The USA, Japan and Italy are among the top three PET buyers, respectively. However, these countries' import purchases are relatively limited.
ChemOrbis Polyethylene terephthalate (PET) prices and Plastics News section contain information on the market trends, as well as supply-demand factors and production costs that determine the pricing, statistics on imports and exports, along with maintenance shutdowns, restarts, and new capacities related to PET facilities.
Products:
PET bottle, PET film, PET textile chips, POY
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