PET Prices and News
Global PET markets preserve bullish run as high season nears
by ChemOrbis Editorial Team
PET prices across global markets have been tracking a bullish trend since October/November on the back of limited supplies as well as firm feedstock costs. According to the data from ChemOrbis Price Index, prices...
05-03-2018
Weaker dollar boosts polymer imports into Europe in 2017
by ChemOrbis Editorial Team
The data from Eurostat reveal that overall polymer imports into the European Union in 2017 hit a record high. The EU’s cumulative polymer imports reached more than...
23-02-2018
How is oil’s recent slump reflected on global petchem markets?
by ChemOrbis Editorial Team
After hitting a three-year high, crude oil futures have fallen for the past two-three weeks. This recent downturn has partially found reflection on naphtha and monomer prices in Asia and Europe while it has had a very limited impact on...
15-02-2018
China’s new PET shipments delayed, prices at more than 3-year high in Asia
by ChemOrbis Editorial Team
China’s export PET market has been following an uptrend since early November 2017 on the back of producers’ limited availability given their...
13-02-2018
China's post-holiday outlook offers a mixed bag
by ChemOrbis Editorial Team
In China, overall market activity has been quite limited so far this week given the Chinese New Year holiday, which is to start by the middle of next week. Before leaving their desks, players in the country’s polymer markets are voicing...
08-02-2018
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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