The weekly Polyethylene Terephthalate (PET) price report is published in Asia, Middle East, Europe, CIS, the US and Latin America. The reports cover, if applicable to the region, different grades of PET such as bottle, film and fibre, domestic prices, spot prices, production news, feedstock quotes, exchange rates and price history.
The unbiased and informative reports are full of news and analysis, and are a vital tool for those involved in the industry to use to make better informed 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 2016
In Asia, PET producers’ margins are likely to improve as it is the typical peak summer bottle demand season for consumers in the northern hemisphere, although overcapacity may keep margin improvements limited. Price trends will continue to track fluctuations in feedstock PTA and MEG prices.
In Europe, higher production costs, PET supply shortage and good demand, are likely to result in continued strength in prices. A few sources anticipate a sharp downturn, particularly when the season dies. Others think the current hikes will eventually stabilise then perhaps weaken, rather than drop. Some participants suggest May or June as a month for potential decreases.
In the US, the PET market is about to enter its busy season where typically prices spike and demand increases. However, early sentiment is that, although demand will go up, significant price increases could be offset by ample supply. Furthermore, foreign PET suppliers continue to import more material into the US, suppressing prices.
Latin American producers are aggressively exporting more PET into the US. In addition, M&G’s new PET plant is expected to come online sometime this year.
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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.