PET Prices and News
Turkey’s PET markets on uptrend, yet cautiousness persists
by Merve Madakbaşı
PET prices in Turkey have been showing an upward trend recently in response to higher freight rates and feeds. Sellers had also attempted for increases in the previous months, but firmer goals had fizzled out shortly after as demand was hit hard by pandemic across the board...
23-10-2020
October PET deals concluded with moderate increases in Europe
by Başak Ceylan
In Europe, prolonged supply concerns for MEG have supported an increase in PET pricing for October. Although demand is average at best, several players reported concluding deals with increases of €10/ton to €30/ton as compared to last month...
20-10-2020
Southeast Asia PET markets move sideways during China’s absence
by Abdul Hadhi
PET prices in Southeast Asia have been stable this week due to less volatility in feedstock levels and the absence of China - a major market which often influences the sentiment - through holidays...
07-10-2020
PET bottle fails to salve pandemic wounds; challenges mount as autumn begins
by Merve Sezgün
PET bottle prices in Asia, the Middle East and North Africa were already on a prolonged downward trajectory when the COVID-19 outbreak started to rattle the markets in around February. With the pandemic coming into the picture, things got worse and prices plunged to historically low levels...
24-09-2020
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
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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