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: Market overview
The global polyethylene terephthalate (PET) market has been affected by upstream market volatility and poor demand, because of economic uncertainty.
PET prices are partly driven by the upstream purified terephthalic acid (PTA) and monoethylene glycol (MEG) prices, and margins are expected to remain thin.
The overcapacity of PET and PTA and limited availability of its feedstock, paraxylene (PX), have led to restructuring within the industry in 2013. However, new plants are due to come on line later this year and supply is expected to remain ample.
In the Middle East, the peak demand season for PET is expected to last until September.
Much depends on developments in the key Asian market, and how the euro-dollar exchange rate affects PET feedstock prices and the competitiveness of global import and export markets. This remains true for the Americas, where despite upward pricing pressure, price increases were stifled as buyers resisted higher monthly price nominations. Latin American PET prices take direction from Asia, with a lag of a month or two in countries with PET production.
Updated to mid-August 2013
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Polyethylene terephthalate news & analysis
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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.