PET Prices and News
Europe’s PET, PS and ABS markets brace for further hikes in Sept by Manolya Tufan
Regional players have been gradually returning from long summer holidays in Europe, with some sources reporting better than expected activity in the market during August. This was mainly attributed to the cautious pre-buying ahead of firmer voices for September... 31-08-2023
Europe’s PP, PE and PVC markets return from holiday on a bullish note by Manolya Tufan
As August draws to a close, participants in the PP, PE and PVC markets have started to return to their desks in Europe following the long summer break. September expectations are developing on the bullish side, driven by the possible hikes in monomer contracts, easing stock pressure as well as hopes for vivid replenishment activity... 28-08-2023
Asia PET uptrend wavers despite improvement in demand by Pınar Polat
ChemOrbis Price Index shows that PET bottle markets across Asia started to firm up in the middle of July after a three-month downtrend and managed to maintain gains up until this week. However, a firm sentiment has faltered this week in line with the downturn in the upstream markets although there has been an ongoing improvement in the demand for the grade amid hot weather... 10-08-2023
Stats: Türkiye’s overall polymer imports down slightly in H1 2023 by Merve Madakbaşı
According to ChemOrbis Import Statistics, overall polymer imports in January-June edged down by around 1% to 3.1 million tons from the same period in 2022. Saudi Arabia (724,276 tons), South Korea (346,347 tons), Russia (321,768 tons), the United States (304,991 tons) and Egypt (172,609 tons) were the primary polymer suppliers during this time... 04-08-2023
Asia PET markets continue to slide for 3rd month despite firmer costs by Pınar Polat
In Asia, a stable to softer trend in the PET bottle markets that kicked off in the middle of April has continued to reign over week. Persistently sluggish demand has remained the main factor behind the weekly losses in spot prices along with growing supply, eclipsing the support from the upstream side... 13-07-2023
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
About Us
DOWNLOADYOUR MOBILEAPP TODAY
