PET Prices and News
Cost support, improving demand drive Asia PET markets slightly higher by Pınar Polat
PET prices in Asia have slightly increased so far this week after following a stable to softer trend since late October. Firmer prices are attributed to rising cost support as well as better demand. Moreover, there has been an ongoing supply tightness inside China... 10-11-2021
European players evaluate impact of energy surcharge on polymer markets by Manolya Tufan
In Europe, the unprecedented surge in energy costs has rattled regional polymer markets that have been facing other setbacks driven by the pandemic. Several producers announced their plans to implement an energy surcharge on their prices, addressing the sudden and abrupt hikes in natural gas and electricity prices leading to a significant erosion of margins... 18-10-2021
Global PET markets surge on heels of costs, tightness by Merve Madakbaşı
PET markets have posted increases after moving mostly sideways during September as soaring upstream costs fuelled a firmer trend. Supply woes have gained prominence, while elevated freight rates amid shipping bottlenecks coupled with active demand added to the uptrend in Asia, Europe and Turkey moving into H2 October... 15-10-2021
Crude at multi-year highs contributes to a perfect storm in polymers by Esra Ersöz
A perfect storm of factors - including a long-lasting supply tightness and demand growth as well as the prevailing freight turmoil - have already caused a bullish atmosphere in polymer markets largely since the second half of 2020, disregarding some small intervals of downward corrections in different parts of the world... 08-10-2021
Sept PET expectations diverge in shade of opposite factors in Europe by Merve Madakbaşı
Polymer players in Europe have started to return to their desks following a long summer break. August PET bottle deals were concluded with rollovers to €20-30/ton ($24-35/ton with recent parity) gains both in Italy and Northwest Europe, bolstered by costs. Yet, expectations for September offered a mixed bag... 30-08-2021
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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