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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 Q1 2016
Polyethylene terephthalate (PET) began the year in the same depressed vein as the fourth quarter of 2015, and prices continued to drop until bottoming out in the low- to mid-€800s/tonne FD (free delivered) Europe in February.
Producers’ margins were dire but buyers were in no mood for purchasing domestic volumes. A lot of material was prebought at a time when imports looked competitively priced. However, buyers who went for the import option in the fourth quarter of 2015 missed out on cheaper domestic PET in January and part of February.
The tide then changed as buyers needed to refuel in preparation for the peak season and had to rely on European PET, as opportunities to buy fresh, competitive imports dried up.
There was a clear upward price trend for PET in March, due to demand/supply balances as well as firming feedstocks.
Prices went up noticeably from February to March, although much of the increase – to more than €900/tonne – occurred during the course of the month of March.
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.