PET Prices and News
A prospect for Q4 through uncharted waters of 2020 amid pandemic by Esra Ersöz
2020 so far has been indisputably shocking and challenging in the thick of a pandemic. Few analysts would predict record contractions in major economies and notable jumps in unemployment rates. Would anyone imagine crude oil being sold at $40 per barrel but in negative territory?... 10-09-2020
China PET leans on stable domestic demand but outlook cautious on expected supply rise by Abdul Hadhi
PET bottle producers in China are mostly maintaining offers amid stable domestic demand even as the typically low season in autumn approaches... 26-08-2020
Stats: Total polymer imports to EU27 inch up in Q2 despite pandemic by Manolya Tufan
Data from ChemOrbis Stats Wizard reveal that the EU27’s cumulative polymer imports increased marginally by 0.5% in Q2 to 1,826,240 tons when compared to the first quarter of 2020... 25-08-2020
Will costs drum up support for a 3rd-month-firming in Europe PET market? by Esra Ersöz
According to ChemOrbis Price Index, spot PET prices in Europe have gained around 5% since the upturn kicked off in June. This size of increase is quite modest when compared to the cumulative gains of other polymers, which have largely exceeded 10%. This can be attributed to the fact that the uptrend in the PET market was triggered by higher upstream costs, rather than supply-demand dynamics... 27-07-2020
PET bottle markets follow opposite paths in Europe and Asia by Merve Madakbaşı
Spot PET bottle prices in Europe have been on a firm footing since H2 June, with markets of Italy and Northwest Europe opening July with a new series of increases. The case in China, however, was the opposite as offers turned softer in mid-June which also weighed on Southeast Asia... 10-07-2020
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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