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We offer the following regional Polyethylene terephthalate coverage to keep you informed of factors and developments affecting prices in the US Polyethylene terephthalate marketplace.
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Updated to Q1 2018
Bottle grade PET resin supply has been pinched in the US because of two key events. The bankruptcy proceedings of producer Mossi & Ghisolfi (M&G) reduced Americas production in the US, Mexico and Brazil. M&G’s West Virginia plant was purchased in January by Far Eastern but is not yet operating. Also, imports have slowed from five countries involved in the US’ antidumping investigation: Brazil, Indonesia, Pakistan, Taiwan and South Korea. Supply has been tight since autumn 2017.
Given the tight PET resin supply situation, demand increased in the first quarter as buyers began looking to build inventories earlier than usual. Peak demand season for bottle grade PET is typically in the summer, when a higher number of plastic bottles are consumed during the hot-weather months. However, preparations for peak season began earlier than usual this year as buyers were concerned with securing supply.
The ICIS weekly report for polyethylene terephthalate or PET and intermediates covers contract prices for purified terephthalic acid (PTA) and bottle-grade PET.
The text of the report covers monthly price discussions and nominations, demand, supply outages and feedstocks.
ICIS receives input from both buyers and sellers in order to make our price assessment to the US PET market.
US contract prices for PTA or polyethylene terephthalate intermediate are established on a monthly basis by a formula based on feedstock paraxylene prices.
Because the price of US feedstock is closely linked to the paraxylenes and the PTA chain in Asia, the US report benefits from ICIS’ extensive and global market coverage.
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.