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Our insights into regional Polyethylene terephthalate markets are provided by our network of reporters based locally in those markets.
Updated to Q3 2019
PET supply in Latin America in Q3 is likely to remain ample despite reduced operating rates, as most countries in the region enter the colder winter months. Offshore product, especially from China, will continue to be offered in the region at very competitive prices. Additional paraxylene (PX) capacity coming online in Asia is expected to exert downward pressure on PX prices, which could result in cheaper Asian PET offers to the Americas.
PET demand in Latin America in Q3 is expected to be low, with the approach of winter in South America. In addition, most economies in the region have revealed a decline in expected gross domestic product (GDP) growth, which is slowing business activity. Demand is likely pick up in Mexico before the peak summer season is over. As in the US, the Mexican peak season has seen a significant delay this year.
We offer the following regional Polyethylene terephthalate analysis and news coverage to keep you informed of factors and developments affecting prices in the Latin America Polyethylene terephthalate marketplace.
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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.
The Latin American Polyethylene Terephthalate (PET) report covers domestic and spot prices in the region.
Producers, consumers and traders all have an interest in our timely information to help them make the best informed decisions.
To prepare the Latin American PET report, ICIS talks to buyers, producers and traders throughout the region. ICIS also includes a brief comment on other global regions which play a role in developments in Latin America. A continuous dialogue is maintained week to week with market participants.
Our PET report stands out because unlike our competitors ICIS publishes weekly.
ICIS communicates with participants on both sides of negotiations. Buyer and trader commentary is also very relevant to the PET market and to our reports.
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.
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