PET Prices and News
PET sellers hunt for signs of market bottom in Europe by Merve Madakbaşı
Europe’s local PET bottle markets have seen players talking about the bottom this week following up to €90/ton drops on January deals. Although demand remained unresponsive to the recent talks about a stabilization and uncertainties about the costs’ side lingered, the rising import offers drove a cautious optimism on the part of sellers... 27-01-2023
New offers delayed until next week in Turkey’s polymer markets by Merve Madakbaşı
A very limited number of import offers were reported this week as the year-end lull became more prominent in PP, PE, PVC and PS markets. Most polymer suppliers elected to delay their announcements for January until next week, while buyers were busy with their book closures and stock takings... 30-12-2022
Asia PET markets move slightly higher as year-end approaches by Pınar Polat
After hovering around at almost two-year lows in the previous two weeks, Asia PET markets have posted slight gains this week, ChemOrbis data show. Although demand conditions have stayed sluggish mainly in China, the ongoing increase in feedstock costs have supported sellers' firmer stance... 22-12-2022
Asia PET prices extend losses into November on sluggish demand, weaker feedstocks by Pınar Polat
In Asia, the downtrend in PET prices that kicked off by the middle of September has continued this week as buying appetite has remained lackluster due to strengthening economic headwinds... 03-11-2022
Stats: Turkey’s polymer imports hit a new record in first 3 quarters by Manolya Tufan
According to ChemOrbis Import Statistics, Turkey’s overall polymer imports in January-September hit a fresh record-high with around 4.3 million tons, staging an increase of 7% from the same period of 2021. Even though the growth in Q3 imports lost some speed on a quarterly basis, they are still above the same period of last year... 31-10-2022
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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