PET Prices and News
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
European PET market slump extends into June, pressure on R-PET mounts by Manolya Tufan
European PET bottle markets witnessed another round of decreases in June, with the mounting pressure from lower consumption in the beverage sector. June deals were closed with sharp decreases of up to €70/ton, pushing prices to more than 2-year lows. However, this failed to speed up sales due to weak underlying demand... 19-06-2023
Vietnam’s polymer markets buckle under an influx of Chinese cargoes by Merve Sezgün
The polymer markets in Vietnam have been under heavy pressure due to a flood of PP, PE, PVC, PET and PS cargoes offered from China at competitive levels. A lack of a meaningful recovery in domestic demand has led to Chinese polymer suppliers to direct their cargoes to export markets, particularly to Vietnam as the closest outlet... 26-05-2023
Asian PET bottle markets shift direction after two-month uptrend by Pınar Polat
In Asia, PET bottle prices have retreated this week after following a stable to firmer trend since late February. ChemOrbis Price Index shows that the weekly averages of spot prices even hit a 5-month high in the first half of April. However, weaker upstream costs amid the oil’s recent fall have pulled the markets down this week, with the contribution of persistently sluggish demand... 27-04-2023
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
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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