PET Prices and News
Stats: China’s Jan polymer imports and exports decline, marking multi-month lows by Merve Sezgün
According to data from ChemOrbis Stats Wizard PRO, China’s polymer trade witnessed a slowdown in January 2025, with both imports and exports falling from December levels. The declines also extended on a year-on-year basis for several key polymers, reflecting weaker market demand... 24-03-2025
Europe’s PET players discuss feasibility of March hikes by Marta D'Ortona
In Europe, PET suppliers have approached the market with renewed hikes of up to €30/ton for March. The firmer trend that started in February has remained in place amid regional producers’ need to improve their profitability. However, players have started to discuss the possibility that this momentum may lose steam this month... 12-03-2025
Stats: Türkiye’s overall polymer imports snap five-year growth in 2024 by Merve Madakbaşı
Cumulative polymer imports of Türkiye fell short of the 2023 record, data from ChemOrbis Stats Wizard PRO revealed. The overall volume dropped slightly below the 6-million-ton threshold in 2024 after reaching a record 6.3 million tons the previous year. This also marked the end of a long uptrend that had been ongoing since 2019. Meanwhile, Saudi Arabia and the US faced fierce competition for the top spot among Türkiye’s suppliers last year, followed by South Korea, Russia, and Egypt... 04-02-2025
PET bottle prices rangebound at more-than-a year low in Europe; Feb signals firming by Manolya Tufan
PET bottle prices in Europe have remained rangebound, with regional markets experiencing a slow start to the new year. While producers await an opportunity to increase their offers in pursuit of improved margins, subdued demand has hindered any attempts at price hikes. Spot prices currently hover at more than a-year low after following a stable to softer trend since August... 16-01-2025
Lower parity, rising freight rates repel European polymer buyers from imports by Manolya Tufan
While the year-end lethargy is in full swing, most polymer markets in Europe are poised for modest adjustments in the last month of the year. With lower monomer settlements and ongoing destocking activities, pricing strategies remain under downward pressure... 05-12-2024
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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