PODCAST: Global flow of PET to see limited relief from logistics chaos over coming weeks

Author: Caroline Murray

2021/04/22

LONDON (ICIS)--Significant disruptions rippling along the global polyethylene terephthalate (PET) value chain are likely to continue, largely due to shipping delays, container shortages and high freight costs.

  • vessel availability restricts discussions, in addition to PET buy-sell price gaps;
  • Europe short on reduced output and shipping concerns, putting buyers on back foot;
  • Asian spot export discussions at a standstill due to low buy-sell interest; and
  • Americas inventories are lean, producers unable to rebuild stocks prior to hurricane season.

By Hazel Goh, Caroline Murray and Luly Stephens

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