PET Prices and News
Buying resistance, ample supply keep Asian PET bottle under pressure by Shibu Itty Kuttickal
Asian PET bottle markets have remained under pressure from a combination of plentiful supplies and buying resistance amid rising COVID-19 cases. Buyers have laid low over the past week, keeping a wary eye on new outbreaks of the pandemic, especially in Southeast Asian countries... 20-05-2021
Turkey polymer markets entering holiday amid weak atmosphere, what lies ahead? by Merve Madakbaşı
Muslim countries are readying to celebrate Eid al-Fitr soon while Turkish players have started to leave their desks since the end of last week for holiday. Polymers witnessed drops over the past week, particularly for PP and PE, while the trajectory for the post-Eid period was under discussion... 11-05-2021
Polymer demand takes a heavy knock from deepening COVID crisis in India by Shibu Itty Kuttickal
The surge in COVID-19 cases has resulted in a slump in domestic demand in India at the levels of both downstream polymer converters and end-user consumer markets... 05-05-2021
Turkey’s PET markets extend drops into April, pervaded by weak demand by Merve Madakbaşı
Import and local PET prices in Turkey have followed a downtrend since H2 March. The gradual cuts were led by waning activity following bulky purchases during the run-up in February. Although supplies are not comfortable and complaints about PTA tightness prevail, the weakness has remained intact both for bottle and textile grades as of early April... 09-04-2021
Global shipping turmoil deepens, adding to the upheaval in plastic resins by Manolya Tufan and Esra Ersöz
Polymer markets shoot up in a tumultuous climate, where the global shipping crisis has contributed to the soaring prices in major regions. Global supply chains, both upstream and downstream in the plastic resin industry, were disrupted amid production snarls, a shortage of containers and changing demand patterns triggered by the pandemic... 15-02-2021
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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