Polyethylene terephthalate Prices, markets & analysis
ICIS provides independent and unbiased pricing information, news and market analysis for the global Polyethylene terephthalate market. Our network of price reporters, based in Asia, Europe and the US, deliver local insight for each of these markets, which is published in our individual weekly and daily price reports.
If you buy or sell Polyethylene terephthalate or related products, our reports, news and market intelligence will give you the prices and analysis of the factors driving the prices that you need to make confident commercial decisions.
Polyethyene terephthalate PET Overview Transcript
Polyethylene terephthalate resin or PET in the US is primarily used in the manufacture of carbonated soft drinks and water bottles, as well as in different food packaging applications.
Paraxlyene and ethylene glycol are the major intermediates for PET.
Feedstock costs are correlated to crude oil prices, as well as to the global supply and demand balances.
Prices for PET have previously risen to near record highs on strong crude oil prices and cotton shortages, which tightened the market for polyester intermediates globally. Consolidation is expected to bring greater pricing power and margins for US PET producers.
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Polyethylene terephthalate news and market information products from ICIS
We offer the following regional Polyethylene terephthalate analysis and news coverage to keep you informed of factors and developments affecting prices in the Polyethylene terephthalate marketplace.
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News & analysis
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Polyethylene terephthalate: Market overview
Updated to Q2 2015
The global polyethylene terephthalate (PET) market will continue to be affected by upstream market volatility in the 2015 second quarter (Q2) because of economic uncertainty. PET pricing is partly driven by the prices of upstream purified terephthalic acid (PTA) and monoethylene glycol (MEG).
Much depends on developments in the key Asian market, how the euro-US dollar exchange rate will affect PET’s feedstock prices, as well as the competitiveness of the global import and export markets.
In Asia-Pacific, margins have improved slightly. An overcapacity of PET and PTA, and a change in the PTA pricing structure to a paraxylene (PX) cost-linked basis, led to restructuring within the PET market.
As new plants are coming on line in Asia and Europe, supply is expected to remain ample. In the US, BP’s PTA unit in South Carolina is back on line at full capacity. Demand in all three regions is expected to pick up in Q2 in preparation for the summer peak season for bottled beverages.
In Latin America, PET is likely to remain flat-to-soft in Q2 as a result of stagnant economies and tough import laws.
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Polyethylene terephthalate news & analysis
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Polyethylene Terephthalate Methodology
About Polyethylene terephthalate
Polyethylene terephthalate (PET) has a crystalline structure and good chemical resistance to mineral oils, acids and solvents but not to bases. It has good electrical resistance, low moisture absorption; it resists combustion and is self-extinguishing.
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, stiffness and hardness while the amorphous PET has better ductility.
PET can be made into a resin, fibre or film. The largest outlet is synthetic fibres, followed by bottle resin. PET film is used in electrical applications and packaging.
In the manufacture of PET resins, purified terephthalic acid (PTA) and monoethylene glycol (MEG) are reacted to make a basic ester which is polymerised in a melt phase, polycondensation finishing reactor.
Dimethyl terephthalate (DMT) is an alternative feedstock to PTA but the PTA route is preferred. The molten polymer is extruded, cut into chips and cooled. The chips pass to a solid state polycondensation unit to form the PET resin.