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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 Middle East Polyethylene terephthalate marketplace.
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Updated to Q4 2017
JBF, one of the Middle East's three main producers, is still shut down. There was talk in the market that it might open by December but this didn't happen. Meanwhile, Octal, which is another top three producer in the Middle East, is shut during December for debottlenecking. This debottlenecking process is expected to take at least three weeks. Overall supply will be down. SABIC, the final producer in the top three tier, has cut down its production capacity in 2017 for better cost management.
Typically demand for bottle-grade PET drops by the end of the year because of the winter lull, even though the Middle East doesn't typically experience winters the way they do in China or Europe. Demand has dropped less steeply than before because of the supply crunch, but it's definitely not on par with demand seen during the summer months.
The ICIS Middle East polyethylene terephthalate or PET weekly report covers spot prices in the GCC or Gulf Cooperation Council on a cost and freight (CFR) as well as free on board (FOB) basis. Information on delivered domestic prices is included in the report and the market fundamentals are also discussed in depth.
ICIS offers an overview of the Asia Pacific market and examine if its price trends are impacting the Middle East.
Information on key feedstock markets of purified terephtalic acid (PTA) and monoethylene glycol (MEG) is also provided.
ICIS engages with an extensive network of producers, traders and consumers of PET bottle-grade chips to ensure that we report on and deliver the most representative and accurate price assessments that can facilitate better decision making for our customers.
It is a fairly new report and is an important source of reference for our customers.
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.