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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It has been an uphill battle for producers of polyethylene terephthalate (PET) in Europe as they struggle with dire margins, which threaten the existence of some less economically viable production sites. La Seda de Barcelona (LSB), which owns the Artenius PET and upstream Industrias Quimicas Asociadas (IQA) ethylene glycol and ethylene oxide (EO) plants, went into administration. Meanwhile, new plants in the UK, Turkey and Egypt neared completion.
A delayed summer season for PET bottlers eventually saw PET prices increase in September. However, weakening production costs and the offer of cheaper PET imports set European price on a downward trend through September, October and early November, prompting producers to cut back on output. This, coupled with the euro/US dollar exchange rate fluctuation, gave domestic producers confidence to attempt an increase in mid November.
Updated to mid-November 2013
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 six 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 reference the monthly price moves in West and East Europe.
We have a weekly FD Europe price range that includes pre-discounted monthly contracts and up-to-the-minute spot indications.
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.