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Updated to Q3 2020
GCC suppliers are seeing healthy margins as they could enjoy the freight cost differential over Asian imports to destinations such as the Americas. This will mean GCC supply remaining for the GCC region will stay limited, while inflow of Asian imports to GCC will keep supply ample for GCC buyers.
GCC demand is likely to stay stable amid the ongoing pandemic while a major event (Expo 2020) that will start in October in UAE may give a little boost to PET demand in the country. PET downstream converters are planning to ramp up operations to build up some inventory leading up to the event, optimistic that the event will bring in tourists, pending pandemic developments.
We offer the following regional Polyethylene terephthalate analysis and news coverage to keep you informed of factors and developments affecting prices in the Middle East 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 ICIS Middle East polyethylene terephthalate or PET weekly report covers spot prices in the GCC or Gulf Cooperation Council on a cost and freight (CFR) as well as free on board (FOB) basis. Information on delivered domestic prices is included in the report and the market fundamentals are also discussed in depth.
ICIS offers an overview of the Asia Pacific market and examine if its price trends are impacting the Middle East.
Information on key feedstock markets of purified terephtalic acid (PTA) and monoethylene glycol (MEG) is also provided.
ICIS engages with an extensive network of producers, traders and consumers of PET bottle-grade chips to ensure that we report on and deliver the most representative and accurate price assessments that can facilitate better decision making for our customers.
It is a fairly new report and is an important source of reference for our customers.
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.
Our time series of pricing data enables you to build and model trends, to get a view of where markets might be heading. The data service includes charting functionality, allowing you to chart and download multiple data series for manipulation in your own internal models. You can also export data to Excel via the ICIS dashboard service.