Polyethylene terephthalate Prices, markets & analysis
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Polyethylene Terephthalate Europe Transcript
The ICIS European PET report is used in price negotiations and included in contracts across the continent.
It is packed with information about monthly spot and price developments. We always include shut downs, production problems, new plants, and how upstream and downstream factors impact the market.
There are six price ranges covering bottle and film grade Polyethylene Terephthalate (PET). The bottle and film grade, free delivered (FD) West Europe, and the bottle grade FD East Europe quotes reference the monthly price moves in West and East Europe.
We have a weekly FD Europe price range which includes pre-discounted monthly contracts as well as up to the minute spot indications.
The ex-works Russia rouble per tonne price has a handy conversion in to Euros. The monthly contract prices for feedstocks Purified Terephthalic Acid (PTA) and Monoethylene Glycol (MEG) are included for reference.
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Updated to Q4 2014
Overall polyethylene terephthalate (PET) demand has been low, due in part to a weak seasonal market. However, availability was reduced by a number of planned shutdowns by producers, so the market has remained balanced.
Average highs of €1,140/tonne in the peak, summer season soon tailed off, culminating in the lowest prices seen since 2010.
Upstream paraxylene (PX) plummeted in the fourth quarter and monoethylene glycol (MEG) also decreased significantly.
Not only were there global slumps in energy and feedstock prices, but new, efficient PET production really started to make an impact on European demand/supply balances.
JBF started its second 216,000 tonne/year new line in Geel, Belgium. Its first line, with the same capacity, began producing in June. Hot on the heels of JBF’s first line, came the start-up of Lotte Chemical UK’s new plant in Teesside.
The market took a twist in December, however, as shutdowns tightened prompt availability, causing two units in the south of Europe to defer their maintenance programmes.
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The ICIS European polyethylene terephthalate (PET) report is used in price negotiations and included in contracts across the continent. It is packed with information about monthly spot and price developments.
We include shutdowns, production problems, new plants, and how upstream and downstream factors impact the market.
There are five price ranges covering bottle and film grade PET.
The bottle and film grade, free delivered (FD) West Europe, and the bottle grade FD East Europe quotes show a round-up of what has happened during the current month, up to and including the last Friday of the month.
We have a weekly FD Europe price range that includes spot business and regular business settled on an individual basis between European suppliers and their customers.
The ex-works Russia rouble per tonne price has a handy conversion into euro.
The monthly contract prices for feedstocks purified terephthalic acid (PTA) and monoethylene glycol (MEG) are included for reference.
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 enables 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.