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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Polyethylene terephthalate (PET) prices have been relatively flat through much of May and June, following an increase over the April/May cusp.
Producers’ margins have improved because demand for domestic product increased as the much anticipated length from new capacities has so far failed to make a significant impact on the supply situation.
JBF’s 432,000 tonne/year plant in Geel, Belgium declared commercial production in June and was making deliveries to selected customers. FDA and EU approvals for resins have been received. The second line is due to start in July, with full capacity from August.
The second line at EIPET’s 225,000 tonne/year plant in Ain Sukhna, Egypt is mechanically ready and is still expected up by the end of June/early July – delayed due to market conditions. The first line started up fully end January and is operating flat out.
Polyplex received the delayed pre-licence for government approval for an energy source in May. The main licence is scheduled for mid-July, but Polyplex was trying to expedite the process. The 210,000 tonne/year plant in Corlu, Turkey, is ready for operation and the material has been approved by customers.
Updated to Q2 2014
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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.