PET Prices and News
Crude at multi-year highs contributes to a perfect storm in polymers by Esra Ersöz
A perfect storm of factors - including a long-lasting supply tightness and demand growth as well as the prevailing freight turmoil - have already caused a bullish atmosphere in polymer markets largely since the second half of 2020, disregarding some small intervals of downward corrections in different parts of the world... 08-10-2021
Sept PET expectations diverge in shade of opposite factors in Europe by Merve Madakbaşı
Polymer players in Europe have started to return to their desks following a long summer break. August PET bottle deals were concluded with rollovers to €20-30/ton ($24-35/ton with recent parity) gains both in Italy and Northwest Europe, bolstered by costs. Yet, expectations for September offered a mixed bag... 30-08-2021
Oil plunge weighs on PET bottle sentiment in Asia, Europe by Shibu Itty Kuttickal
Asian PET botte prices are under downward pressure as a result of a deep dive in crude oil prices in the latest week -one shortened by the Eid Al Adha holidays in many parts- after rising in the first week of July and then moving sideways. In Europe, the oil plunge has put further pressure on the markets and overshadowed the hike intentions for August... 21-07-2021
Asian PET markets in limbo between high costs and tepid demand by Merve Madakbaşı
PET prices in China and Southeast Asia have followed a mostly steady trend this week after posting some gains in the first half of July. The firming trend has recently faltered since demand has been dampened by the resurgent Covid pandemic in the region... 16-07-2021
Firmer crude and feedstock prices lift Asian PET despite slow demand by Shibu Itty Kuttickal
The crude price rally in the previous weeks and the resultant increase in feedstock costs have led prices of Asian PET bottle to rise, after having stayed on a downtrend since the second half of April, market players said. But it remains to be seen whether the increase can be sustained, they added... 30-06-2021
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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