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 Q4 2018
The impact of Far Eastern Petrochemical Vietnam new PET plant that started up in Q3 is expected to come into play in Q4. However, due to the weak market economics and narrow PET spread from its feedstock seen in Q3, some Asian producers are considering production cuts to secure some minimum margins.
Overall demand is expected to be constant at the lower level. Compared to the slowing demand from the northern hemisphere in Q3, demand from the northern hemisphere is expected to be slow in Q4 while demand from the southern hemisphere should pick up to prepare for its seasonal summer demand.
PET supply is likely to improve in the fourth quarter as the peak season dies down. Whether the market becomes long will depend on whether prices decrease to levels that will entice a period of pre-buying, and how much buyers have been prepared to bring in from other regions.
Quarter four is typically a time when demand subsides in Europe. Cheaper prices that sometimes emerge during this period can result in pre-buying. The market has been so fraught with supply issues that buyers may choose to secure volumes earlier rather than later. A volatile trend in upstream prices will also influence buyer confidence.
There is no update about when JBF RAK will restart its PET plant in UAE that has been shut since June 2017. PET producers may consider production cuts due to current weak PET market economics while no definite plans had been heard yet. The GCC region will continue to see imports coming from Asia such as China and India.
The GCC PET demand had already slowed down in Q3, and is expected to remain slow as it is the typical lull demand season in Q4. Market supply is expected to be ample and hence buyers should be able to buy according to their requirements. Demand should pick up in the next year when downstream converters start to prepare for the next peak demand season again.
Supply of polyethylene terephthalate (PET) should continue to improve in the fourth quarter as demand wanes with the end of peak consumption season in North America. Prices should remain elevated compared with fourth quarter of 2017 due to continued supply insecurity with additional capacity not expected until early 2020.
Demand for polyethylene terephthalate (PET) will wane in the winter months. Final determinations are expected in the US antidumping probe, which blocked relatively inexpensive resin imports from five countries. Buyers will negotiate contracts for 2019, and tight conditions that drove prices higher this year will figure into the discussions.
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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