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 Q1 2019
As many maintenance turnarounds were conducted in the previous quarter, leaving a few outstanding ongoing maintenance outages in January 2019, the supply in Q1 should surpass that of Q4 2018. Margins should get better as the next peak demand season draws closer to support generally higher PET production.
The lull demand season typically spills into Q1 and demand will usually pick up towards the end of Q1 as downstream converters will start to purchase for pre-form and bottle production that caters for the next peak summer season in the northern hemisphere.
European PET buyers say they have committed to considerably more imports for arrival in the first quarter, than in previous years. This is partly in resistance to the individual increases producers targeted for 2019 conversion costs. Indorama Ventures’ will be attempting to restock following the force majeure on PET out of Rotterdam, The Netherlands, which was declared on 28 November.
Demand for European PET in the first quarter of 2019 may not be as high as in previous years, if customers have committed to buying a lot of material out of territory. It is normally the second quarter when requirements are fervent as bottlers stock up for the peak summer season.
There is no update about when JBF RAK will restart its PET plant in UAE that has been shut since June 2017. Other producers in the region had controlled their operating rates in Q4 2019 and this may continue. Oman’s Octal plans maintenance for one of its PET lines in January.
With the new year, GCC PET demand is expected to pick up as converters in the region will usually start to prepare for the next peak that comes with warmer weather in the region. There are uncertainties in the macroeconomics, hence buyers may continue to buy according to their requirements.
US PET supply in the first quarter of 2019 is expected to remain long, as Asia continues to target American buyers to reduce inventories. The antidumping appeal filed by three US resin producers could slow import volumes if the International Trade Commission (ITC) finds that product from Brazil, South Korea, Pakistan, Indonesia and Taiwan has harmed US producers ability to compete.
US PET demand in the first quarter of 2019 is expected to be sluggish, with improved levels towards the end of the quarter with the approach of warmer weather. If found guilty of dumping resin in the US, imports from Brazil, South Korea, Pakistan, Indonesia and Taiwan would not abound, supporting improved business activity between domestic sellers and buyers.
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.
HOUSTON (ICIS)--US monoethylene glycol (MEG) is steady-to-soft heading into this year’s International Petrochemical Conference (IPC). There is talk...Read
HOUSTON (ICIS)--Price ranges for polyethylene terephthalate (PET) in Latin America widened as uncertainty regarding April feedstock costs affect...Read
HOUSTON (ICIS)--The US polyethylene terephthalate (PET) market is expected to remain sluggish heading into this year’s International Petrochemical...Read