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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
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Insight and analysis of factors driving prices.
Updated to Q3 2017
The domestic price range in the Europe polyethylene terephthalate (PET) market had increases in July with tight supply, influenced by planned maintenance that occurred in the market in June, acting as a key price driver. Additionally, a European producer’s unconfirmed production issue in June, according to sources, also disrupted supply in the market in July. Prices firmed further in August after a force majeure was declared by Lotte Chemical UK (LCUK) at its 165,000 tonne/year Wilton facility early in the month. Domestic supply subsequently decreased while the market was further disrupted by the revelation in August that United Arab Emirates-based producer JBF RAK had encountered financial difficulties. The firm is a subsidiary of India-headquartered JBF Industries, which operates a 432,000 tonnes/year PET plant in Geel, Belgium.
Lack of supply and strong demand pushed prices for European polyethylene terephthalate (PET) higher, in July and August. The summer is the peak season for the European market. This is as hot weather leads to greater consumption of PET bottles. At the start of September, sources painted a mixed picture with some arguing that demand quietened due to the end of the peak summer season while others said that it was stable and that consumers need to replenish stocks following a tight August. Emergency buying after a declaration of force majeure at Lotte Chemical UK’s (LCUK’s) 165,000 tonne/year Wilton PET plant in August did calm down in September. As did purchases made in the wake of the revelation in August that United Arab Emirates-based PET producer JBF RAK has financial difficulties.By the end of September, buying was said to have typically calmed down since the summer peak season.
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.