PET Prices and News
PET prices hit multi-month lows in Asia and Europe by Başak Ceylan
PET markets across Asia continued to spiral down amid lower upstream costs and weak demand. Similarly, spot PET prices both in Italy and Northwest Europe have remained bearish, indicating that the anticipated seasonal demand is yet to appear in the region... 14-05-2019
Export PET offers from China continue downtrend by Pınar Polat
China’s export PET market has extended its losses into May despite suppliers’ limited allocation and the high season. Lower prices were mainly attributed to the downtrend in upstream costs, particularly in spot paraxylene (PX) prices... 02-05-2019
PET expectations turn softer in Turkey by Manolya Tufan
In Turkey, the import PET market came under pressure from competitive offers for some origins except for China. Players are now voicing their expectations to see further decreases given the recent drops in the upstream markets and cautious demand despite the high season... 23-04-2019
Asian PET markets drift higher after explosion at Formosa’s plant by Pınar Polat
The explosion that occurred at Formosa Plastics Corp.’s facility in Mailao, Taiwan has found an immediate reflection on Asian PET markets as spot PX prices and PTA futures have firmed up after the incident... 10-04-2019
Delayed season for PET caps bullish expectations in Europe by Manolya Tufan
In Europe, March transactions were closed slightly higher with support from upstream costs.Players shared their expectations to see fresh increases in April while the size of expected hikes is under discussion amidst the suspended pick-up in demand... 25-03-2019
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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