PET (Polyethylene Terephthalate) price index

PET (polyethylene terephthalate) price index

This post is a summary of the polyethylene terephthalate (PET) price developments.The polyethylene terephthalate (PET) price developments are expressed in US$/kg prices converted at current FX rates, which are the FX rates applicable at the time the price was valid. Polyethylene terephthalate (PET) price index developments are calculated from multiple separate sources of data to ensure statistical accuracy.

The outlook for PET prices, on the second tab, is generated from different inputs including:

• Very recent price developments of immediate cost drivers of polyethylene terephthalate (PET) prices
• Recent price developments of underlying feedstocks which drive the price of polyethylene terephthalate.
• Market futures for both cost drives and feedstocks of polyethylene terephthalate (PET) prices
• Adjustment of current supply/demand imbalances in thepolyethylene terephthalate (PET) market
• Longer term trends in likely demand conditions

Further information on the PET price index

here is some further information

What is PET

Polyethylene terephthalate (PET) is a synthetic polymer that is used in a wide range of applications. It is a strong, tough, and durable material that is resistant to wear and abrasion. It is also resistant to many chemicals and has a high melting point, making it an excellent material for use in high-temperature applications.

PET is used in a variety of industries, including packaging, automotive, and construction. It is used to make a wide range of products, including bottles, films, and sheets. It is also used in the production of textiles, such as carpets and ropes, and is used as a replacement for metal in some applications due to its strength and weight-saving properties. PET is a widely used material due to its versatility and excellent mechanical properties.

How is PET produced

PET is produced by the polymerization of terephthalic acid and ethylene glycol. The polymerization process involves the reaction of these monomers to form long chains of molecules known as polymers. PET is a semi-crystalline material, meaning that it has both crystalline and amorphous regions within its structure. This gives it a combination of high strength and flexibility, making it an ideal material for use in a wide range of applications.

Terephthalic acid is a white, crystalline solid that is produced by the partial oxidation of p-xylene, which is a component of crude oil or petroleum. It is typically produced through a process known as the terephthalic acid process, which involves the reaction of p-xylene with oxygen and an oxidizing agent, such as air or oxygen, to form terephthalic acid.

Ethylene glycol is a colorless, sweet-tasting liquid that is produced by the hydration of ethylene oxide. It is typically produced through a process known as the ethylene oxide process, which involves the reaction of ethylene oxide with water to form ethylene glycol. Ethylene oxide is produced by the catalytic oxidation of ethylene, which is a component of crude oil or petroleum.

What is PET used for

Polyethylene terephthalate (PET) is a strong, tough, and durable material that is resistant to wear and abrasion. It is also resistant to many chemicals and has a high melting point, making it an excellent material for use in high-temperature applications. As a result, it is used in a variety of industries and applications.

Some common uses of PET include:

Packaging

PET is often used to make bottles and containers for a wide range of products, including beverages, food, and personal care products. It is an excellent material for use in packaging applications due to its strength, transparency, and resistance to impact.

Films and sheets

PET is used to make films and sheets for a wide range of applications, including packaging, printing, and construction. It is a strong and durable material that is well-suited for use in these applications.

Textiles

PET is used in the production of textiles, such as carpets and ropes. It is a strong and durable material that is well-suited for use in these applications.

Automotive parts

PET is used to make a variety of automotive parts, such as gears, bearings, and other mechanical components. It is also used to make fuel and brake lines, fuel tanks, and other structural components.

Other uses

PET is also used in the production of a wide range of other products, such as sporting goods, clothing, and luggage. It is a versatile material that is used in many different industries and applications due to its excellent mechanical properties.

Further reading

• Wikipedia for general, history, production and usage information
• PubChem for chemistry and property  information

Trade and market information about the PET market

It is difficult to accurately estimate the size of the global polyethylene terephthalate (PET) market as it depends on various factors such as demand for PET in different industries and regions. However, PET is a widely used material with a range of applications, and the demand for it is likely to continue to grow in the coming years as the global population increases and the demand for products that use PET as a key ingredient increases.

According to https://oec.world/ :

In 2020, the top exporters of Polyethylene terephthalate were China ($2.13B), Chinese Taipei ($892M), South Korea ($835M), India ($737M), and Netherlands ($547M).

In 2020, the top importers of Polyethylene terephthalate were United States ($1.04B), Japan ($852M), Italy ($522M), France ($456M), and China ($386M).