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.
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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.
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Polyethylene terephthalate (PET) fibre grade chips prices in China decreased from January to mid-March, then the prices slightly rebounded in end-March, in line with the movement of feedstock prices and tracking closely with the price trend of partially oriented yarn (POY) 150D/48F grade.
The PET fibre grade chips prices were on a downtrend in the period to mid-March as feedstock purified terephthalic acid (PTA) and monoethylene glycol (MEG) prices were falling. Furthermore, many PET factories had high inventories, while demand for polyester remained unchanged from January to mid-March. The prices subsequently rebounded as the feedstock prices increased following Yisheng Petrochemical’s announcement that they would lower the supply of PTA.
Prices of partially oriented yarn (POY) of the 150D/48F grade decreased from yuan (CNY) 9,900-9,950/tonne EXW (ex-works) in early January to CNY8,700-8,800/tonne EXW in mid-March, before rebounding in end-March.
The PET fibre grade chips prices may remain weak in April as buying interest is low. Furthermore, feedstock prices have no strong support to rise and there are many upcoming polyester plant start-ups in China, further weighing on the prices.
Updated to Q1 2014
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.