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.
Polyethyene terephthalate PET Overview Transcript
Polyethylene terephthalate resin or PET in the US is primarily used in the manufacture of carbonated soft drinks and water bottles, as well as in different food packaging applications.
Paraxlyene and ethylene glycol are the major intermediates for PET.
Feedstock costs are correlated to crude oil prices, as well as to the global supply and demand balances.
Prices for PET have previously risen to near record highs on strong crude oil prices and cotton shortages, which tightened the market for polyester intermediates globally. Consolidation is expected to bring greater pricing power and margins for US PET producers.
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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.
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Polyethylene terephthalate: Market overview
Updated to Q1 2017
Asia's polyethylene terephthalate (PET) prices are expected to rise, following a higher upstream PX January Asian contract price settlement and higher feedstock PTA prices. Co-feedstock MEG and IPA prices also surged in late 2016 and IPA supply remains tight. As such, PET producers are generally bullish for the first quarter of 2017.
Bottle-grade PET prices in Latin America continued to face upward pressure from firmer markets in Asia and other regions. Mexico demand has slowed on seasonality, while activity in South America was projected to rise with warmer weather. Brazil observes an import-parity pricing policy based on PET prices in Asia.
PET prices in Europe are on an upward trend in January, buoyed by recent increase in upstream prices and uncompetitive prices of imports. Longer-term expectations are uncertain as recent PET price increases occurred outside of the product’s peak season and were unexpected.
New capacity is expected in the US Gulf, along with higher supplies of virgin PET. The largest source of virgin PET to the US has been Mexico, which has supplied 40-50% of the material on a monthly basis. Prices may go up in January for PET as several producers have proposed 5.0 cents/lb increases.
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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.