PET Prices and News
Bullish trend loses pace in Asia’s PET markets by ChemOrbis Editorial Team
Asia’s PET markets were on a rally since early August driven by healthy demand thanks to the high season as well as rising upstream costs. However, the bullish run has lost pace recently... 14-09-2018
Export PET prices from China rally back to mid-June levels by ChemOrbis Editorial Team
In China, export PET offers have recently moved back towards the highs recorded in mid-June after five weeks of consecutive gains. Higher prices were mainly attributed to... 05-09-2018
Bullish factors support Europe’s PET market after summer holidays by ChemOrbis Editorial Team
Now that the European market is gradually coming back from the long summer holidays, regional PET players have started to voice their expectations for September... 28-08-2018
PET prices retain firming trend in Asia on PTA rally by ChemOrbis Editorial Team
Asia’s PET markets have witnessed a fresh round of increases this week despite the approaching end of the high season. Suppliers, who elected to maintain their firm stance on PET, pointed to... 23-08-2018
PET players question sustainability of recent upturn in Asia as low season nears by ChemOrbis Editorial Team
According to data from ChemOrbis Price Index, China’s local PET market rebounded from its four-month low at the end of July with support from strong PTA costs while export prices... 14-08-2018
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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