PET Prices and News
Slack demand dominates polymers ahead of Eid al-Adha, yet freight support still intact in Türkiye by Merve Madakbaşı
Prices for most polymers defied the lower upstream chain in June as successive increases in shipping costs amid logistic hurdles provided sellers with leverage to lift their prices. Yet, ebbing demand has come to the fore recently, outweighing supply curtailments and capping larger price hikes... 14-06-2024
Mild price increases persist across Europe’s PET markets in June by Manolya Tufan
Initial PET offers for June were unveiled with rollovers to €10-20/ton increases, sustaining the pricing policy seen in May. As the PET industry exhibits a complex landscape, rather modest hike requests surfaced despite the traditional peak season. While regional suppliers have lowered production to balance out underperforming demand, a lack of competitive import origins has been supporting the most recent gains... 06-06-2024
Europe’s polymer markets impervious to surging freight rates amid weak fundamentals by Manolya Tufan
Regional polymer markets are torn between rising shipping costs and subdued market fundamentals as June approaches. The sentiment for most polymers has barely changed given chronic adversities, even though import prices saw some increases driven by surging freight costs. We will delve into the reasons behind the polymer markets’ indifference to the soaring ocean freight rates and accompanying import supply disruptions... 30-05-2024
Asian PET markets shift direction on weakening cost support by Thi Huong Nguyen
Asian PET bottle markets failed to sustain their short upturn, which kicked off in the first half of April on the back of cost support and improving demand. The upward movement was followed by a two-week stability before prices experienced renewed drops over the week ending on May 3, given the falls in upstream markets and weakened buying power... 07-05-2024
Can recent upturn be sustained in Asian PET bottle markets? by Thi Huong Nguyen
PET bottle markets snapped a 3-week stability on cost-driven hikes across Asia over the week ending on April 12. Further contributing to sellers’ renewed confidence was a slight pickup in buying interest. However, the sustainability of the latest uptrend has been under doubt as overall demand has remained in the doldrums, defying the peak season... 16-04-2024
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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