The weekly Polyethylene Terephthalate (PET) price report is published in Asia, Middle East, Europe, CIS, the US and Latin America. The reports cover, if applicable to the region, different grades of PET such as bottle, film and fibre, domestic prices, spot prices, production news, feedstock quotes, exchange rates and price history.
The unbiased and informative reports are full of news and analysis, and are a vital tool for those involved in the industry to use to make better informed decisions.
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Polyethylene terephthalate news and market information products from ICIS
We offer the following regional Polyethylene terephthalate analysis and news coverage to keep you informed of factors and developments affecting prices in the Polyethylene terephthalate marketplace.
Price Reporting – More information about the price reports we publish on Polyethylene terephthalate
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News & analysis
News & Analysis - News & market analysis specifically relating to Polyethylene terephthalate
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Insight and analysis of factors driving prices.
Polyethylene terephthalate: Market overview
Updated to Q3 2017
In Asia, uncertainty continues to cloud the polyethylene terephthalate (PET) market as there have been more volatility in upstream prices such as crude, paraxylene (PX), purified terephthalic acid (PTA) and monoethylene glycol (MEG). Demand will start to taper off in the third quarter as summer passes, while supply could potentially be high, unless producers control their operating rates, due to new capacities in China.
The Europe PET market will be experiencing the peak summer season during the third quarter of 2017. Warmer weather can lead to greater consumption of PET bottles which, in turn, boosts demand for the product. Prices can increase in the peak season, but the last year has been atypical for the Europe PET market. The value of PET firmed in the off-peak season while the summer of 2016 was quieter than anticipated in some European regions.
PET prices in Latin America are stable, but continue facing downward pressure from global oversupply. PET prices in Mexico are expected to trend with the neighboring US market. Prices in Mexico and Argentina are expected to continue to remain stable, as domestic production buffers the two countries from conditions in other regions.
Middle East production was reduced in the second quarter due to limited feedstock availability and poor margins. The supply-demand situation should ease in the third quarter as Asian material continue to serve Middle East customers and as demand eases when the weather turns cooler.
The US PET market will enter the third quarter of 2017 with excess capacity. Prices are expected to remain flat or decline slightly during the quarter, after small price increases late in the second quarter. Rationalisation of plants in the US market will also likely start, after a new PET plant opens later in 2017 along the US Gulf.
News & analysis
Polyethylene terephthalate news & analysis
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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.
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Polyethylene Terephthalate Methodology
About Polyethylene terephthalate
Polyethylene terephthalate (PET) has a crystalline structure and good chemical resistance to mineral oils, acids and solvents but not to bases. It has good electrical resistance, low moisture absorption; it resists combustion and is self-extinguishing.
PET exists both as an amorphous (transparent) and a semi-crystalline (opaque and white) thermoplastic, and can be made into either a resin or a film. The semi-crystalline PET has good strength, stiffness and hardness while the amorphous PET has better ductility.
PET can be made into a resin, fibre or film. The largest outlet is synthetic fibres, followed by bottle resin. PET film is used in electrical applications and packaging.
In the manufacture of PET resins, purified terephthalic acid (PTA) and monoethylene glycol (MEG) are reacted to make a basic ester which is polymerised in a melt phase, polycondensation finishing reactor.
Dimethyl terephthalate (DMT) is an alternative feedstock to PTA but the PTA route is preferred. The molten polymer is extruded, cut into chips and cooled. The chips pass to a solid state polycondensation unit to form the PET resin.