PET Prices and News
Chinese producers cut PET offers further amid coronavirus outbreak by Abdul Hadhi
PET suppliers in China have decreased offers further as the spread of the coronavirus has been increasingly impacting the industry. Delays in plant restarts and logistics have diminished buying requirements while cheaper feedstocks have reduced cost support... 12-02-2020
Turkey’s overall polymer imports resume growth in 2019 by Merve Madakbaşı
The polymer imports of Turkey resumed growth, albeit to a small extent in 2019. The import volume totaled 4.8 million tons to indicate a yearly increase of 2.7%... 04-02-2020
Firming falters in China’s PET market on lower crude, pre-holiday lull by Pınar Polat
Following a month-long firming triggered by the short-lived rally in crude oil futures, China’s PET market has shifted direction recently. The sentiment has faltered upon the recent downturn in energy costs as well as the slow-down in market activities prior to the Chinese New Year holiday that begins in late January... 15-01-2020
2019 was a year of downturn for Asian PET markets; what will 2020 bring? by Merve Sezgün
2019 has been a year of decreases for the PET bottle markets across Asia as prices tracked a downtrend for the most part of the year and reached multi-year lows before they turned upwards a few weeks ago... 26-12-2019
European PET markets seek balance after a year of weakness by ChemOrbis Editorial Team
PET prices in Europe have been under continuous downward pressure for the large part of 2019 . The prevalent trend can even be traced back as far as late August 2018 on ChemOrbis Price Index, barring a short-lived recovery between January and March 2019. And now, as early indicators for the year-end and 2020 starting to take shape, players are focused on finding a bottom for the PET market... 18-12-2019
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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