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From pricing information to the analysis you need to understand it, ICIS coverage of regional Polyethylene terephthalate markets is second to none.
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Polyethylene terephthalate news and market information products from ICIS
We offer the following regional Polyethylene terephthalate coverage to keep you informed of factors and developments affecting prices in the Europe Polyethylene terephthalate marketplace.
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News & Analysis - News & market analysis specifically relating to Polyethylene terephthalate
Breaking news of latest developments affecting the markets.
Insight and analysis of factors driving prices.
Updated to Q2 2017
The foreign exchange, crude oil future values and feedstock costs have all been a factor on polyethylene terephthalate (PET) pricing during the second quarter of 2017.
In April, upstream monoethylene glycol (MEG) and paraxylene (PX) initial and confirmed settlements decreased, thereby putting downwards pressure on PET. While, by the middle of the month, crude oil future increases and a weaker euro pushed PET prices upwards. A stalemate emerged towards the end of the month as buyers argued they had enough stock and sellers said they were sold out. This left prices in the low to mid €1,000s on a per tonne basis.
The value of PET, however, began to drop coming into May as expectations of raw material costs softening strengthened. When initial and confirmed settlements for upstream products MEG and PX dropped in price, so did PET. A strong euro at the start of May enabled imports to become competitive, yet, the price gap between domestic material and PET sourced from abroad eventually narrowed. Other price drivers also began to balance each other out. The value of PET consequently stabilised in the high €900s and low €1,000s on a per tonne basis at the end of May.
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.