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PET Prices and News

PET Textile , Price , Turkey , PET , PET Bottle

Turkey’s PET markets weaken as cautious demand outweighs tightness
by Merve Madakbaşı
PET bottle and textile chip prices in Turkey reversed course in the second half of March as thin buying interest loomed over the markets and dragged offers slightly lower. Previously, prices were mostly on an uptrend since the beginning of 2022 on the strength of rising oil futures and limited availability...
01-04-2022


ABS , India , HDPE , USA , GPPS , China , PE , PP Copolymer , PET , Thailand , LLDPE , PVC , Asia Pacific , Indonesia , PP Homo , PP , Malaysia , HIPS , Crude oil , Northwest Europe , Price , Singapore , Philippines , Europe , SEA & India , LDPE , PET Bottle , Vietnam , Russia , PS

Plastic resin industry on another bumpy ride: War-driven energy hikes
by Esra Ersöz
Having grappled with the pandemic in 2020 and major supply chain woes in 2021, the petchem industry is this time buckling up for another bumpy ride given rocketing energy hikes. Players across the globe are gripped by ‘very high costs’ and relentless supply limitations on one hand, and growing concerns over a possible demand destruction on the other...
15-03-2022


Malaysia , India , Price , China , Singapore , MEG , Philippines , PTA , PET , SEA & India , Thailand , Vietnam , Indonesia , Paraxylene

Asia PET prices reverse slump as oil tests new highs
by Pınar Polat
In Asia, PET prices posted losses during the final week of February despite soaring energy prices, taking a breather from an uptrend in place since mid-December 2021. As March kicked off, prices have resumed an uptrend, albeit slightly, as the rally in crude oil prices has gained momentum...
03-03-2022


Europe , PET , Thailand , USA , Africa , PET Bottle , Japan , Asia Pacific , Price , China , Middle East

Asian PET exporters enjoy healthy demand across the board
by Merve Madakbaşı
Global PET bottle markets have followed a firm trend in February, driven by spiking crude oil prices. Contributing to the scene have been elevated freight rates and lingering container issues, as they provided an upper hand to sellers. The high season has yet to start in most regions, but Asian exporters have achieved good sales in key markets...
18-02-2022


Malaysia , India , Price , China , Singapore , MEG , Philippines , PTA , PET , SEA & India , Thailand , Asia Pacific , Vietnam , Indonesia , Paraxylene

Asia PET prices extend gains into January
by Pınar Polat
PET prices across Asia not only closed 2021 on firm footing but also started the new year with additional increases, driven by higher feedstock costs and the lingering tightness inside China. This was despite the fact that demand was limited due to the off-season and tighter Covid-19 measures...
06-01-2022


More Free Information on Plastics Industry: Glossary Production Flowcharts
More Free Information on Plastics Industry: Glossary | Production Flowcharts
PET Production News
About ChemOrbis PET prices and Plastic News

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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