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Europe had to face tight availability of PET for domestic market while receiving strong export demand from other countries. US winter freeze disrupted the trade activities across Europe and reduced the availability of PET across the region.
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Polyethylene Terephthalate (PET) Prices Overview E-mail : info@chemanalyst.com | website : www.chemanalyst.com/ Market Overview Quarterly Update on Global Polyethylene Terephthalate (PET) Market For the Quarter Ending March 2021 North America Amidst winter storm disruptions, when most of the Texas production facilities were down, demand for PET across the region witnessed consistent increment every month. Robust demand for PET from packaging, container, and bottle manufacturers amidst insufficient supplies made the prices to witness tremendous surge during the session. Get terephthalate-72 more info: https://www.chemanalyst.com/Pricing-data/polyethylene- FOLLOW US:
Polyethylene Terephthalate (PET) Prices Overview E-mail : info@chemanalyst.com | website : www.chemanalyst.com/ Consequently, prices of PET across Ohio and Texas rose by 5.46% and 5.38% and settled at USD 1410 per MT and USD 1565 per MT respectively. Meanwhile, apart from extreme cold conditions across US gulf, reduced supply from Mexico due to local shortage also impacted the prices of PET in North America during this quarter. Asia In the Asian market, domestic PET demand remained firm and domestic manufacturers continued their operations efficiently despite of having tight feedstock supply. In China, exports demand deemed very high, meanwhile Indian government imposed an antidumping duty on different grades of PET coming from China. Although the prices of PET in China showcased rise with each passing week, FOB price of PET at Quingdao China rose from USD 907/MT (January 2021) to USD 1008/MT (March 2021). After this antidumping duty, sentiments of Indian manufacturers boomed, as they caried out a rise in prices of PET across the country while receiving a firm demand from domestic market. Europe Europe had to face tight availability of PET for domestic market while receiving strong export demand from other countries. US winter freeze disrupted the trade activities across Europe and reduced the availability of PET across the region. Container shortages across Asia Europe Trade route also impacted the market and pushed the prices up, the free delivery PET prices across North west Europe were marked at USD 965.53 per MT during this session. FOLLOW US:
Polyethylene Terephthalate (PET) Prices Overview E-mail : info@chemanalyst.com | website : www.chemanalyst.com/ Methodology ChemAnalyst gathers information through primary research surveys conducted with various Polyethylene Terephthalate (PET) manufacturers, spread across the domestic and international markets, suppliers and dealers/distributors to gain insights into value-chains and demand-supply scenario to assess the market situation. Thorough study of the company’s annual reports and secondary sources such as exhaustive search on credible paid databases, including our internal database is done to verify the information. All the collected information is analyzed, evaluated and presented in chronological order to depict a meaningful and clear picture of the concerned market. Our dedicated team of industry experts comprehensively monitors and analyzes various aspects of the Global Polyethylene Terephthalate (PET) market. The team analyzes various viewpoints and provides an analysis of the industry’s performance in the long run. This would enable our clients in efficiently plan their future investments, mitigate risk, understand the cost dynamics and strike out a balance amidst market volatility. industrial segments, strategic Critical examination of the impact of COVID-19 pandemic on the global supply chains and shift in demand patterns with change in buying behavior of consumers across the globe. Several ongoing development projects across industries are tracked, followed by the details of major projects in the development stage, which can positively or negatively influence Global Polyethylene Terephthalate (PET) market. Pricing is captured through exhaustive primary interviews with domestic and international manufacturers, traders and importers and customers on weekly, monthly and yearly basis. Finally, region-specific markets for Polyethylene Terephthalate (PET) are analyzed and region-wise demand pattern is tracked. Finally, region-specific markets for Polyethylene Terephthalate (PET) are analyzed and region-wise demand pattern is tracked. FOLLOW US:
Polyethylene Terephthalate (PET) Prices Overview E-mail : info@chemanalyst.com | website : www.chemanalyst.com/ About Polyethylene Terephthalate is one of the most important thermoplastic polymer resins of the polyester family due to its extraordinary properties like chemical resistance, transmissivity and, strong strength to weight ratio. It is manufactured through Mono ethylene glycol (MEG) and purified terephthalic acid (PTA) or dimethyl terephthalate (DMT). PTA is more commonly used for the manufacture of PET than DMT. With the help of an esterification system, the PTA is mixed with MEG in a catalyst solution to form the product. The major applications of Polyethylene Terephthalate (PET) are in bottling and packaging. PET resins can be broadly classified into bottle, film and fiber grade according to the downstream applications. Bottle grade resin is used in container and bottle packaging by blow molding and thermoforming. Fiber grade resin is used in manufacturing of polyester fiber, while film grade resin is used in flexible electrical packaging applications. The product can be used in machineries of 3D Printing, CNC Machining and Injection Molding. Product Specific Details CAS No.: 25038-59-9, HS Code: 390761; Grades: Bottle grade, film grade, pharma bottle grade; Packaging Size: 25 Kg Bag; Incoterms: CFR, FOB, Ex-Works, Bulk Contracted, Spot Countries Covered: APAC – China, Japan, India, South Korea, Singapore Europe – Germany, France, Belgium America – USA, Brazil MEA – Saudi Arabia, UAE, South Africa FOLLOW US:
Polyethylene Terephthalate (PET) Prices Overview E-mail : info@chemanalyst.com | website : www.chemanalyst.com/ How we can help ChemAnalyst addresses the key problematic areas and risks associated with chemical and petrochemical business globally and enables the decision-maker to make smart choices. It identifies and analyses factors such as geopolitical risks, environmental risks, raw material availability, supply chain functionality, disruption in technology and so on. It targets market volatility and ensures clients navigate through challenges and pitfalls in an efficient and agile manner. Timeliness and accuracy of data has been the core competency of ChemAnalyst, benefitting domestic as well as global industry in tuning in to the real-time data points to execute multi-billion-dollar projects globally. FOLLOW US:
Polyethylene Terephthalate (PET) Prices Overview E-mail : info@chemanalyst.com | website : www.chemanalyst.com/ ChemAnalyst is ‘one stop’ online portal that offers comprehensive market intelligence data and in-depth analysis on the Global chemical and petrochemical industry. Our aim is to provide competitive advantage to the industry stakeholders by offering ‘cutting edge’ information and analysis that help our customers leverage on the emerging opportunities in their businesses. ChemAnalyst’s team of 100+ analysts are engaged in tracking Chemical Prices daily, production capacity, manufacturing plant locations, foreign trade data and news/deals for more than 400 major chemicals produced in India. ChemAnalyst’s Interactive subscription platform provides the most comprehensive data and analysis in your industry to help you decode the future. demand and supply outlook, ChemAnalyst is promoted by TechSci Research (TSR). TSR is a research- based management consulting firm providing market research and advisory solutions to the customers worldwide, spanning a range of industries including Chemicals & Material, Automotive, Consumer & Retail, ICT, Energy & Power, Aerospace Management, BFSI and more. & Defense, Water and Waste CHEMANALYST B-44, Sector -57, Noida, NationalCapital Region, UP, India201301 Tel:+91-120-4523900 E: sales@chemanalyst.com FOLLOW US:
