PET Prices and News
Asian PET markets hit 5-month high on cost pressure by Manolya Tufan
Asia’s PET bottle markets have extended their gains into the sixth straight week and hit multi-month highs, supported by the strengthening upstream markets. Adding to the scene has been the nascent demand recovery in China’s local market amid tight supplies. Export markets, meanwhile, remained subdued amid global economic slowdown... 10-04-2023
Europe’s PET markets static amid delayed high season by Manolya Tufan
Regional PET bottle markets stabilized at multi-month lows in March after following a downtrend for 7 straight months. Producers’ efforts to preserve their margins and stable to firmer import prices have been the key factors supporting stability despite weaker costs and unsatisfactory seasonal demand... 03-04-2023
Cost-driven hikes keep Asian PET bottle prices on uptrend for two weeks by Pınar Polat
PET bottle prices across Asia have been gaining ground for the past two weeks, mainly driven by higher upstream values. Some players have reported signals of a slight recovery in demand, which has also reinforced firmer sentiment... 10-03-2023
Asia PET markets extend fall on lower feedstocks, faltering demand by Pınar Polat
In Asia, PET prices have remained on a stable to lower trend for the third week in a row, with lower feedstock prices and weaker demand pressuring overall sentiment. This followed a rally that kicked off in mid-December and gained speed prior to the holidays in January, when average prices rose 10% in total... 23-02-2023
European PET hits 17-month low on flagging demand by Manolya Tufan
Regional spot PET markets have been on a stable to slightly softer trend as flagging demand outweighed supply cuts. In a surprise turn of events, import PET bottle prices erased some of their gains from January in line with easing feedstock prices and softening export prices out of China... 15-02-2023
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
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