Polyethylene terephthalate Prices, markets & analysis
ICIS price reporting for regional Polyethylene terephthalate markets is unparalleled in its ability to keep you on top of the information you need.
Our network of price reporters delivers direct and regular insights into the local markets they work in.
That means you can track fluctuations and developments as they happen and gain a clear understanding of the factors driving prices.
Use ICIS information to:
- Inform your internal data models
- Substantiate your position in negotiations
- Set terms for settlements and contracts
Polyethylene Terephthalate China Transcript
The ICIS European Polyethylene Terephthalate (PET) China report is published monthly and gives a comprehensive overview of domestic prices in China.
Price assessments include ex-tank PET fibre grade and delivered bottle grade both for East China. Export prices for bottle grade material are also tracked and analysed.
ICIS gathers information from a wide-range of market participants including producers, traders and end-users.
We also look up the supply chain to purified terephthalic acid (PTA) and monoethylene glycol (MEG) to ensure what is happening in PET market is put into a wider context.
The report provides data on PTA and MEG cost & freight (CFR) import prices and domestic spot market prices. Commentary considers the balance of upstream chemicals with data about PTA and MEG domestic output as well as analysis of activity in the key import market of which accounts for 70% of total demand.
In addition, to a round up of activities and prices from the past month, the report includes a clear view on the market outlook for PET, PTA and MEG.
Customers find this in-depth report an important tool to help with their business planning.
Polyethylene terephthalate news and market information products from ICIS
We offer the following regional Polyethylene terephthalate coverage to keep you informed of factors and developments affecting prices in the China Polyethylene terephthalate marketplace.
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Insight and analysis of factors driving prices.
Polyethylene terephthalate (PET) prices in China increased from mid-August to mid-September before heading downward towards late October. Then, the price slightly rebounded in early November, because of increasing demand.
The price of partially oriented yarn (POY) of the 150D/48F grade rose from CNY10,500-1,0600/tonne in mid-August to yuan (CNY) 10,700-1,0800/tonne in mid-September, supporting by the cost of feedstocks purified terephthalic acid (PTA) and monoethylene glycol (MEG).
The price began to decrease in mid-September, dragged by the continually increasing inventory and decreasing feedstock price. Buying interest from downstream producers was weak on the back of squeezed margins. This led to the shutdown of a number of PET plants, while others operated at reduced run rates.
However, the price slightly rebounded in early November as increased buying activity allowed PET producers to ease their inventory pressure. On the other hand, the expanded losses in October forced PET factories to increase their sales price.
PET price may continue to rise slowly in November, supported by the increasing demand and the pressure from cost. However, demand may decrease in December as the fund of downstream factories would tighten in the end of the year. Therefore, PET price may undergo fluctuations or drop slightly in December.
Updated to mid-November 2013
The China PET report is published every Friday.
The report covers the three main PET products: staple fiber, filament yarn and fiber chips.
It includes Chinese domestic PET prices, operating rates and sales, as well as shutdown and restart information for the main domestic PET units.
Information on the spot market includes Chinese domestic prices, including those on an east China delivered and ex-works basis. PET staple fiber prices are delivery deal prices, while filament yarn and fiber chip prices are ex-works deal prices.
The report contains a comprehensive log of factors that influence pricing, such as the feedstock PTA or MEG price trends, downstream demand, operating rates and inventories at the main PET factories.
The report also comprises shutdown and restart information for the main PET units in east China throughout the week. Prices for the related fiber cotton are also listed.
Supply and demand factors covered include production problems, operating rates and monthly import data.
The report is considered an important source of information on the China PET market, and is used as a reference for discussions between suppliers and customers.
ICIS collects pricing data on a wide range of chemical, energy and fertilizer products, including Polyethylene terephthalate. Our extensive experience in price reporting means we can offer you access to historical data dating back more than 20 years for certain commodities.
Our time series of pricing data enable you to build and model trends, to get a view of where markets might be heading. The data service includes charting functionality, allowing you to chart and download multiple data series for manipulation in your own internal models. You can also export data to Excel via the ICIS dashboard service.
ICIS price assessments are based on information gathered from a wide cross-section of the market, comprising consumers, producers, traders and distributors from more than 250 reporters world-wide. Confirmed deals, verified by both buyer and seller, provide the foundation of our price assessments.
Our in-depth market knowledge drives our specialist focus, as we recognise the importance of individual market dynamics and not a one-size-fits-all approach.
Over 25 years of reporting on key chemicals markets, including Polyethylene terephthalate, has brought global recognition of our methodology as being unbiased, authoritative and rigorous in preserving our editorial integrity. Our global network of reporters in Houston, London, Singapore, Shanghai, Guangzhou, Mumbai, Perth and Moscow ensures unrivalled coverage of established and emerging markets.