PET Prices and News
Surging freight rates, lower supplies propel PET higher in Europe
by Manolya Tufan
European PET bottle market reversed the course as of October after touching multi-year lows under the shadow of the pandemic. December prices indicated more visible increases on the back of disrupted imports amid container issues, lower regional supplies and rising feedstock costs...
14-12-2020
Supply issues take center stage in Turkey’s polymer markets
by Merve Madakbaşı
Turkish polymer markets extended their hikes to the final month of 2020. Although the size of monthly increases varied depending on the polymer, unprecedentedly rising shipping costs and reduced availability came to the fore as common triggers behind larger December gains...
11-12-2020
2020: A tumultuous year to remember in polymer markets
by Esra Ersöz
Commodity markets weathered the storms of economic crises occasionally in the past; however, this was the first time a pandemic rattled the markets, creating a quandary for almost all the world this year. As the year end draws to a close, a comprehensive review of 2020 will make us remember what the polymer markets have lived through and how we have reflected on these extraordinary times...
10-12-2020
Rising energy and feedstock prices prompt further gains in Asia PET markets
by Pınar Polat
Having followed a stable to softer trend since the second half of June, PET bottle offers in Asia have reversed course for the past two weeks. The recent firming is mainly driven by the bullish oil markets and accordingly firmer raw materials...
26-11-2020
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
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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