Polyethylene terephthalate (PET) exists both as an amorphous (transparent) and a semi-crystalline (opaque and white) thermoplastic, and can be made into either a resin or a film. The semi-crystalline PET has good strength, ductility, stiffness and hardness while the amorphous PET has better ductility. PET also has good processability and can be recycled for other applications such as polyester fibres.
PET first penetrated the carbonated soft drinks (CSD) market because of its lightweight and good barrier properties against oxygen and carbon dioxide. It is also strong and PET bottles are virtually unbreakable. More recently, it has been taking market share in the bottled water market due to its good clarity and not leaving any taste in the water. It has also found applications in more niche markets such as sports drinks and fruit juices. However, PET has yet to make any noticeable impact in the bottled beer market but a pre-coloured PET has been developed that meets the light barrier requirements for beer packaging.
Other applications for PET include thick-walled containers for cosmetic and personal care products as well as pharmaceuticals. PET film is utilised in electrical applications such as dielectric metal foil capacitors and for packaging.
In Asia, the market is 100% oversupplied and very fragmented, with several producers scattered in
Health and Safety
PET is not considered to be hazardous or flammable. In a spill situation, PET may be visually unpleasant but is not expected to cause any adverse environmental effects.
ICIS pricing quotes PET in Europe, Asia-Pacific, the
Frequency:
PET and Intermediates (USA) published weekly on Thursdays.
PET (
PET (
Polyethylene Terephthalate (
Weekly Price Assessments:
PET Bottle Grade Monthly Reference Domestic Prices
PET Bottle Grade Domestic Prices
*Encompasses spot and contract prices and can change weekly
PET Film Grade Monthly Domestic Prices
PET Bottle Grade Spot Prices
PET Feedstock Prices
Polyethylene Terephthalate (ASIA-PACIFIC)
Weekly Price Assessments:
PET Fibre Grade Spot Prices
PET Bottle Grade Spot Prices
PET Film Grade Spot Prices (with effect from February 2006)
PET Feedstock Prices
PET and Intermediates (
Weekly Price Assessments:
Terephthalic Acid Contract Prices
PET Bottle Grade Domestic Contract Prices
Polyethylene Terephthalate (
Weekly Price Assessments:
PET Bottle Grade Domestic Spot Prices
PET Bottle Grade International Spot Prices
General Information:
Assessment window: Price assessments are based on information supplied by market participants through the week up to close of business on Tuesdays at 1800 hours in Houston for the Latin America report; at 1800 hrs on Fridays in London and Singapore, and at 1800 hrs on Thursdays in Houston for the PET and Intermediates (USA) report.
Specification: Unless otherwise stated, ICIS pricing quotes prices for prime material or bottle-grade PET chips at 0.78-0.84 IV, for single- and multi-layer barriers in carbonated soft drink (CSD), water and general bottle applications.
Timing: Cargoes loading or delivered four-six weeks forward from the date of publication.
Terms: 30-60 days after bill of lading date.
Standard cargo size: Small-sized parcels of 500-1,000 tonnes and medium-to-large-sized parcels of 1,000-2,000 tonnes. Published contract prices in the US reflect the rates paid by small-to-medium sized buyers requiring 1,000-3,000 tonnes/month (approx. 26m-79m lbs/yr).
Assessment basis: The published ranges represent a combination of the following price indications: the deals concluded, bids and offers, buy and sell indications and notional discussions heard by the close of business on Friday, or Tuesdays for the Latin America report, or Thursdays for the US report.
The US report includes prices of purified terephthalic acid (PTA). The Latin American report has commentary on bottle-grade PET only.
Notional adjustments will be made to accurately reflect the levels at which business would probably take place by the close of business that week. Factors affecting price movements, including the supply and demand situation, plant operating rates, feedstock and derivative markets, cargo movements, and general sentiment, etc will also be taken into account. Where applicable there is product information, comments on up and downstream market developments and general market intelligence.
The US report includes prices of purified terephthalic acid (PTA). At the end of the commentary, the latest feedstock prices are also listed. The Latin American report has commentary on bottle-grade PET and may discuss the latest prices of feedstocks in North America. Taxes are not included in Latin American PET price assessments.
The Asian report is divided into two parts: one on fibre-grade PET chips and the other on bottle-grade PET chips.
The European report includes commentary on bottle-grade and film-grade PET. The west Europe reference quotes cover business in northwest Europe and in southwest Europe. The east Europe reference is indicative of business in countries including Poland, Hungary, the Czech Republic, Lithuania and Bulgaria. The FD Europe quote encompasses spot and pre-discounted contract prices and can change weekly. The European report includes a formal Russian rouble denominated spot price assessment. These figures are quoted on an ex-works basis and include 18% VAT. The Euro quote is a conversion based on the day’s exchange rate noted at the end of the report. The UK price range which we have been including in the text should be seen as an index, with the monthly deltas purely a conversion into GBP from the monthly euro delta. On weeks where actual prices are reported, these will be included in the text.
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