This chart shows PET price assessments in USA Dollar per metric ton (USD/mt) in 7 locations, as follows:
- PET, US (United States): PET, import transaction price, cif, United States
- PET, SAM (South America): PET, export transaction price, fob, Brazil
- PET (Bottle), EUR (Europe): PET (bottle grade), domestic contract price, ddp, Northwest Europe
- PET, SEA (Southeast Asia): PET, export transaction price, fob, India
- PET, NEA (Northeast Asia): PET, export transaction price, fob, Taiwan
- PET (Bottle), MDE (Middle East): PET (bottle grade), import spot price, cfr, United Arab Emirates (netforward from fob China)
- PET (Bottle), CN (China): PET (bottle grade), domestic spot price, exw, China
The chart above is a sample of Intratec Primary Commodity Prices. Subscribe and access now current prices of 225 commodities, including PET.
Data Use
Polyethylene Terephthalate prices are provided as an annual subscription where subscribers have access to reliable pricing data of 225 commodities worldwide.
Intratec's methodology employs a structured big data strategy that utilizes advanced technologies to extract publicly available data from primary sources such as governmental trade records, statistics bureaus, and international agencies.
This data is then processed through mathematical models to generate reliable assessments, published at the very beginning of each month. To better understand the data provided check Intratec Primary Commodity Prices Methodology.
Data Delivery Methods
Polyethylene Terephthalate price assessments are available via different delivery methods:
- Online charts
- Directly into Excel (using Intratec Add-in)
- Power BI dashboards
- Web API (to facilitate integration with existing workflows)
Intratec Primary Commodity Prices
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Polyethylene Terephthalate Price Outlook
Polyethylene Terephthalate Price Outlook. The price of PET (United States) decreased during May 2020 to 994 USD per metric ton, which represents a slight decline of 3% compared to the previous month’s value. On a year-over-year basis, the prices of PET (United States) decreased significantly by 23%. Meanwhile, the average price of PET (China) amounted to 803 USD per metric ton, from 1,090 USD per metric ton one year earlier. On a month-over-month basis, the price of PET (China) is 8% higher than the price one month before.
The price of PET (Southeast Asia) declined considerably throughout May 2020, reaching 675 USD per metric ton. The price is 8% lower than the average price in the previous month and 39% lower than the average price one year before. In contrast, the prices of PET (Middle East) increased significantly during May 2020, reaching 868 USD per metric ton, which means a rise of 7% from the previous month’s price and a decline of 25% from the previous year’s price.
The prices of PET (Europe) experienced a decline of 60 USD per metric ton from the prior month's price, to 869 USD per metric ton. Such price movement meant a decrease of 6% on a monthly basis and a decrease of 22% on a yearly basis. On the other hand, in May 2020, the price of PET (Northeast Asia) witnessed a decline of 91 USD per metric ton when compared against the previous month's price, to 783 USD per metric ton. The May 2020 price is 33% lower than the price one year before.
The average price of PET (South America) was 789 USD per metric ton on May 2020 – a sharp decrease of 185 USD per metric ton, or 19%, compared with the previous month. On a year-over-year basis, the price of PET (South America) is 35% lower than the price one year before.
About Polyethylene Terephthalate
About Polyethylene Terephthalate. Polyethylene Terephthalate (a.k.a. PET) is a thermoplastic polyester with an enormous market volume in bottle resin. The combination of properties like hardness and rigidity, dimensional stability, chemical resistance and lightweight, makes PET a flexible material widely used in several applications. It is also worth noting that PET is the most common thermoplastic polymer resin of the polyester family, and being a 100% recyclable material so broadly used, is the most recycled plastic worldwide.
All this make Polyethylene Terephthalate the most important thermoplastic polyester and one of the most produced polymers, along with polyethylene, polypropylene and polyvinyl chloride. Like other polyesters, PET is produced industrially by direct esterification of dicarboxylic acids with diols. Typical production processes are based on polymerization of ethylene glycol (MEG) with either purified terephthalic acid (PTA) or dimethyl terephthalate (DMT) in the presence of a metal catalyst.
Depending on the selected application and the physical and mechanical properties desired, different grades of PET can be produced, with different molecular weights, densities and viscosities. Also, both batch and continuous processes are used for PET manufacturing. While continuous processes are more suitable for the production of commodity resins, batch processes are more used for smaller quantities of specialty resins.
Polyethylene Terephthalate Handling. It must be stored in a way that heat, moisture, and sunlight are avoid. Also, It is necessary to stored in a well ventilated and dry location.
Polyethylene Terephthalate Production. The first commercial route to PET was based on the reaction of dimethyl terephthalate (DMT) with excess ethylene glycol. Nowadays, most of Polyethylene Terephthalate is produced from esterification of purified terephthalic acid and ethylene glycol, due to advantages related to product quality and cost. Raw materials and the respective production processes employed in the manufacturing of Polyethylene Terephthalate are listed below.
- Ethylene glycol + terephthalic acid (ester formation),
- Ethylene glycol + dimethyl terephthalate (transesterification)
Polyethylene Terephthalate Uses. The uses and applications of Polyethylene Terephthalate may vary according to its specification. The main forms of Polyethylene Terephthalate are textile fiber grade; and bottle grade.