The weekly Polyethylene Terephthalate (PET) price report is published in Asia, Middle East, Europe, CIS, the US and Latin America. The reports cover, if applicable to the region, different grades of PET such as bottle, film and fibre, domestic prices, spot prices, production news, feedstock quotes, exchange rates and price history.
The unbiased and informative reports are full of news and analysis, and are a vital tool for those involved in the industry to use to make better informed decisions.
Updated to Q3 2019
A number of polyethylene terephthalate (PET) producers operated their plants at reduced rates due to commercial reasons. Some had cut their production since Q2, while more producers faced the burden of thin margins and weak spot demand and started to cut some production in Q3. There were two producers that underwent planned maintenances in September. Despite the reduced supply, supply was ample to meet demand and Chinese producers’ inventories climbed from low to medium level.
The seasonal peak demand for summer in the northern hemisphere reduced in Q3. Spot demand did not increase much even during the peak season as many buyers had pre-bought volumes ahead as a precaution from spot material shortage in the same period in 2018. Discussions were progressively hindered by a wide buy-sell gap as the quarter passed with many buyers having sufficient inventories from slow end user consumption partly due to the weak general economy.
The third quarter was a period of oversupply for domestic producers, to the extent that they lowered rates in order to try and rebalance the market. Import volumes continued to arrive, albeit to a lesser degree than earlier in the year.
The summer season normally commands heightened requirements for PET in order to satisfy the peak demand for bottles. A combination of sporadic hot weather, weak macroeconomic data and the earlier influx of imports, meant that requirements for domestic spot product was disappointing. Prices were also trending down, so buyers preferred to wait for when they considered the bottom to have been reached prior to committing to more product.
Polyethylene terephthalate (PET) supply in Latin America during the third quarter of 2019 was ample, with domestic and offshore product readily available in the market. Competition among offers from Mexico, the US and Asia were strong, particularly as domestic demand in China slowed following the US-China trade war and resin prices significantly dropped.
PET demand in Latin America in the third quarter of 2019 was very slow on the back of regional political and economic uncertainties, as well as a global slowdown caused by the prolonged US-China trade war. Buying interest was also affected by the cold winter temperatures in South America. Demand in Mexico was relatively weak despite warm temperatures due to a sluggish economy.
US polyethylene terephthalate (PET) supply during the third quarter of 2019 was ample, with offers for domestic and offshore material. Volatility in feedstock prices in February pushed PET prices up briefly, but then fell as the global economic slowdown affected market sentiment and buyers became more cautious. The slowdown in the PET segment triggered price declines upstream in paraxylene.
US PET demand in the third quarter of 2019 was sluggish despite the hot summer weather. The escalation of the US-China trade war weighed on market sentiment, affecting buyers’ confidence who were on the sidelines and held off purchases despite declining resin prices. Concerns over a potential recession also contributed to diminished buying activity.
We offer the following regional Polyethylene terephthalate analysis and news coverage to keep you informed of factors and developments affecting prices in the Polyethylene terephthalate marketplace.
More information about the price reports we publish on Polyethylene terephthalate
Independent price assessments and market coverage by region
You might also be interested in the information we publish on these related products
Breaking news of latest developments affecting the markets.
Insight and analysis of factors driving prices.
Regional price assessments, published daily or weekly, enabling you to keep track of trading prices, understand price drivers/fluctuations and set a benchmark for contract price settl ements. ICIS offers reports on over 180 commodities across the global petrochemical, energy and fertilizer markets. Information covered in our price reports includes:
Information is accessed online, via the ICIS dashboard service and is configurable to suit your preferences.
Produced by the ICIS Consulting team, these reports give a robust rolling 12-month price forecast, trade balances and in-depth analysis into where markets are heading – providing a valuable tool to support your short- to medium-term plans.
ICIS pricing intelligence is delivered to you online via the ICIS dashboard. Here you can view your reports and also access other useful services including related news, analysis, historical data and market alerts.
ICIS dashboard also makes it easy for you to create pricing charts, download price history and export data to create tailored analytical models.
ICIS weekly margin reports deliver the detail you need to understand how production costs and prices are affecting margins, enabling you to judge the likely impact on your business and optimise your upstream and downstream business decisions.
The Supply and Demand Window on the ICIS Dashboard provides a snapshot view of historical and forecast information for supply and demand, production capacity and trade flows – a key tool to help safeguard future investments within the chemicals market.
24-hour global coverage of breaking news in the petrochemical industry, including updates on production, shutdowns and key transacted deals, keeping you informed of market developments as they happen. The ICIS news service allows you to customise the market alerts delivered to your email inbox, providing the business-critical information you need straightaway.
An expert view of supply and demand comprising four fully-reconciled databases, giving you access to extensive data for more than 100 markets. Information is included on global and regional trade flows, production, capacity and sources of demand in the short-, medium- and long-term. Data can be downloaded, customised and queried to support your planning requirements and your strategic decisions.
ICIS provides specialist training courses across the global petrochemicals, base oils and fertilizers industries. Our training team of industry experts can help you increase your knowledge of the industry and gain the insight and know-how needed to operate and trade effectively.
Find out more about ICIS training courses
ICIS produces a series of highly informative and timely conferences. Extensive research is carried out to ensure that each programme delivers the information you need and addresses current industry issues. We source speakers who have the appropriate expertise and experience to deliver excellent quality papers.
Find out more about ICIS conferences
Working closely with you to understand your strategies, challenges and ambitions, the ICIS consulting team deliver tailored advice and solutions to suit your unique requirements. With many years’ experience of guiding business leadership teams, we show you how market conditions can make a positive or negative impact on your long-term plans.
ICIS expert consultants can provide your organisation with the insight, intelligence and data needed to build and grow your business in China. We can help you to gain a clear view on the short and long-term supply and demand picture in the chemicals, energy, iron and steel, non-ferrous metals and paper and pulp markets in China.
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.
Polyethylene terephthalate (PET) exists both as an amorphous (transparent) and a semi-crystalline (opaque and white) thermoplastic, and can be made into either a resin or a film.
Polyethylene terephthalate (PET) has a crystalline structure and good chemical resistance to mineral oils, acids and solvents but not to bases. It has good electrical resistance, low moisture absorption; it resists combustion and is self-extinguishing.
PET exists both as an amorphous (transparent) and a semi-crystalline (opaque and white) thermoplastic, and can be made into either a resin or a film. The semi-crystalline PET has good strength, stiffness and hardness while the amorphous PET has better ductility.
PET can be made into a resin, fibre or film. The largest outlet is synthetic fibres, followed by bottle resin. PET film is used in electrical applications and packaging.
In the manufacture of PET resins, purified terephthalic acid (PTA) and monoethylene glycol (MEG) are reacted to make a basic ester which is polymerised in a melt phase, polycondensation finishing reactor.
Dimethyl terephthalate (DMT) is an alternative feedstock to PTA but the PTA route is preferred. The molten polymer is extruded, cut into chips and cooled. The chips pass to a solid state polycondensation unit to form the PET resin.
SINGAPORE (ICIS)--Palm oil prices in Malaysia maintained a strong surge amid concerns over a sharp decline in production, making it difficult for discussions involving oleochemicals in Asia to gain...Read
HOUSTON (ICIS)--Canada’s Interpipeline has completed 50% of the construction work at their new propane dehydrogenation (PDH) and polypropylene (PP) complex in Strathcona County, Alberta, Canada,...Read
This story has originally been published for ICIS Power Perspective subscribers on 06 December 2019 at 12:30 CET. Plunging power generation from traditional oil shale and further plant closures...Read
LONDON (ICIS)--Germany’s INEOS Styrolution and US-based Agilyx are advancing the development of a polystyrene (PS) chemical recycling facility in Channahon, Illinois, capable of processing up to...Read