PET Prices and News
Turkey’s PET markets extend drops into April, pervaded by weak demand
by Merve Madakbaşı
Import and local PET prices in Turkey have followed a downtrend since H2 March. The gradual cuts were led by waning activity following bulky purchases during the run-up in February. Although supplies are not comfortable and complaints about PTA tightness prevail, the weakness has remained intact both for bottle and textile grades as of early April...
09-04-2021
Global shipping turmoil deepens, adding to the upheaval in plastic resins
by Manolya Tufan
and Esra Ersöz
Polymer markets shoot up in a tumultuous climate, where the global shipping crisis has contributed to the soaring prices in major regions. Global supply chains, both upstream and downstream in the plastic resin industry, were disrupted amid production snarls, a shortage of containers and changing demand patterns triggered by the pandemic...
15-02-2021
China’s post-holiday polymer outlook supported by supply limitations, crude oil
by Merve Sezgün
Chinese New Year holidays finally kicked off on February 11, and the traditional market lull has begun. This year, players went on holiday amid a bullish atmosphere being felt all over the world due to lingering supply concerns and rising crude oil futures. Despite COVID-19 related uncertainties, players mostly expect to find a bullish market once they return to their desks from the lengthy holiday...
12-02-2021
Upstream keeps China PET afloat; prices hit 11-month high
by Abdul Hadhi
Gains by China’s PET market have continued for another week amid firming upstream costs. According to ChemOrbis Price Index, PET bottle prices on FOB/ex-warehouse China basis have hit the highest levels since early March. The uptrend has also been supported by demand despite the low season...
14-01-2021
Stats: Turkey’s 2020 polymer imports set to beat the 2017 record
by Merve Madakbaşı
According to ChemOrbis Import Statistics, Turkey’s overall polymer imports surged 10% in November compared to the same month of 2019. Looking at cumulative imports January-November, the volume is readying to surpass 5 million tons for the whole year...
04-01-2021
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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