PET Prices and News
Türkiye’s 2023 imports set a new record at 6.3 million tons; PE, PVC and ABS shine out by Merve Madakbaşı
According to ChemOrbis Import Statistics, Türkiye’s total polymer imports hit a new all-time high in 2023 as the overall volume neared 6.3 million tons despite economic obstacles. The quantity pointed to a 5% increase from 2022 although imports recorded steady drops in the last quarter of last year. LLDPE, HDPE, PVC and ABS imports shone out as they set new records while PP and LDPE posted more modest growth... 05-02-2024
Red Sea disruptions hit Europe’s PET suppliers; supply snarls around the corner by Manolya Tufan
Regional PET bottle markets opened the new year with rollovers to hikes, which was due in part to the lingering holiday lull in the first week of 2024. However, the Red Sea turmoil has been keeping players vigilant as the unfolding issue has taken its toll on ocean freight rates and logistics operations, signalling impending supply snarls given the union’s dependence on imports of PET and its feedstocks... 11-01-2024
Rising costs push PET bottle markets to around 4-month highs in Asia by Thi Huong Nguyen
Asian PET markets have been on an upward trajectory, albeit at a gradual pace, over the past few months. The ongoing rally in crude futures and the resultant increase in feedstock costs have recently led to larger hikes when compared to the previous weeks. However, the extent of these price increases has still been constrained by a general lack of demand... 21-09-2023
Europe’s PET, PS and ABS markets brace for further hikes in Sept by Manolya Tufan
Regional players have been gradually returning from long summer holidays in Europe, with some sources reporting better than expected activity in the market during August. This was mainly attributed to the cautious pre-buying ahead of firmer voices for September... 31-08-2023
Europe’s PP, PE and PVC markets return from holiday on a bullish note by Manolya Tufan
As August draws to a close, participants in the PP, PE and PVC markets have started to return to their desks in Europe following the long summer break. September expectations are developing on the bullish side, driven by the possible hikes in monomer contracts, easing stock pressure as well as hopes for vivid replenishment activity... 28-08-2023
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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