PET Prices and News
Europe’s PET markets stagger with aggressive imports, lethargic demand by Manolya Tufan
After reversing direction in August, Europe’s spot PET bottle markets have extended losses into the third month in October. Import prices retained competitiveness in the wake of falling freight rates, lower temperatures in the northern hemisphere and fluctuating parity... 06-10-2022
Global PET markets weighed by falling feedstock costs by Merve Madakbaşı
PET bottle prices mostly followed a weak trend over the week across the board. The main factors behind the falls were deemed to be receding feedstock prices while ebbing demand also added a strain on the markets... 23-09-2022
European PET markets open Sept on a bearish note by Merve Madakbaşı
PET prices have been on a downward spiral in Europe as record-high inflation has taken its toll on derivative consumption. Other factors that stymied the impact of seasonal patterns have been the holiday lull in August and competitively-priced import cargos stemming from easing freight rates. Most players expect the market to extend its losses into September... 02-09-2022
STATS: China’s H1 polymer imports lowest since 2017, exports at a record-high by Manolya Tufan and Esra Ersöz
According to ChemOrbis Stats Wizard, China’s cumulative polymer imports in the first half of 2022 posted a yearly decrease of 14% to be reported at about 9.6 million tons, the lowest H1 volume since 2017. Exports, on the other hand, rose 26% on year to hit an all-time-high of 4.8 million tons... 01-08-2022
Falling costs push Asian PET markets down from multi-year highs by Merve Sezgün
PET bottle prices in Asia hit three-and-a-half year highs two weeks ago on the back of cost support and improving export demand. However, prices have started to soften since last week given the falls in upstream markets and weakened spot buying amid fresh Covid fears in China... 29-06-2022
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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