ICIS price reporting for regional Polyethylene terephthalate markets is unparalleled in its ability to keep you on top of the information you need.
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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 US Polyethylene terephthalate marketplace.
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News & Analysis - News & market analysis specifically relating to Polyethylene terephthalate
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Updated to Q3 2018
Supply of polyethylene terephthalate (PET) improved in the third quarter on the restart of a major US plant in July that had been shut since Q4 2017. New owner Far Eastern New Century (FENC) ramped up to full operating rates by the end of the quarter, bringing supply relief to a tight market. Imports continued to flood into the market at higher year-on-year rates despite a US antidumping probe as supply was much needed.
Demand for polyethylene terephthalate (PET) remained very strong in the third quarter amid peak consumption season and sustained hot weather across North America. Buyers locked in supply amid tight resin inventories despite higher prices for resin. Prices remained significantly elevated from previous peak seasons on the back of snug supply, feedstock supply volatility and high crude prices. High demand continued through the end of the quarter from both domestic producers and imports.
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.