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.
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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.
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