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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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 Q3 2015
The Asian polyethylene terephthalate (PET) market is expected to experience a gradual decline in the third quarter, as the seasonal peak period for bottle-grade material during summer had already started tapering off towards the end of the second quarter. Persistently weak demand for fibre-grade material from the downstream polyester sectors is also expected to put price pressure on PET material.
The US polyethylene terephthalate (PET) market could possibly see some softening in demand, as the peak summer season ends and the autumn begins. Whether that will affect prices is not clear. At issue is higher prices of mixed xylenes (MX). MX prices over the past few months have put upward pressure on both paraxylene (PX) and purified terephthalic acid (PTA), both of which are upstream from PET. If the pressure from MX continues to affect the xylene chain, PET prices could see increases.
The global polyethylene terephthalate (PET) market will continue to be affected by upstream market volatility because of economic uncertainty. PET pricing is partly driven by the prices of upstream purified terephthalic acid (PTA) and monoethylene glycol (MEG). There may be a temporary pick-up in demand over the summer, as customers may return to the market having worked off preform stocks during the period of high prices. Producers will keep an eye on margins and thus keep output reduced as a consequence of costs, supply and demand.
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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.