PET Prices and News
Upstream keeps China PET afloat; prices hit 11-month high by Abdul Hadhi
Gains by China’s PET market have continued for another week amid firming upstream costs. According to ChemOrbis Price Index, PET bottle prices on FOB/ex-warehouse China basis have hit the highest levels since early March. The uptrend has also been supported by demand despite the low season... 14-01-2021
Stats: Turkey’s 2020 polymer imports set to beat the 2017 record by Merve Madakbaşı
According to ChemOrbis Import Statistics, Turkey’s overall polymer imports surged 10% in November compared to the same month of 2019. Looking at cumulative imports January-November, the volume is readying to surpass 5 million tons for the whole year... 04-01-2021
Egypt PET markets poised to end the year on a strong note by ChemOrbis Editorial Team
With less than a week left until the New Year, the uptrend that started around early November remains intact in Egypt’s PET markets. Supported by higher freight rates and healthier demand in export markets, import prices are poised to end the year on a strong note... 29-12-2020
Surging freight rates, lower supplies propel PET higher in Europe by Manolya Tufan
European PET bottle market reversed the course as of October after touching multi-year lows under the shadow of the pandemic. December prices indicated more visible increases on the back of disrupted imports amid container issues, lower regional supplies and rising feedstock costs... 14-12-2020
Supply issues take center stage in Turkey’s polymer markets by Merve Madakbaşı
Turkish polymer markets extended their hikes to the final month of 2020. Although the size of monthly increases varied depending on the polymer, unprecedentedly rising shipping costs and reduced availability came to the fore as common triggers behind larger December gains... 11-12-2020
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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