Showing posts with label PET prices. Show all posts
Showing posts with label PET prices. Show all posts
Thursday, April 16, 2015
Monday, October 03, 2011
PET prices
Singapore (Platts)--29Sep2011/157 am EDT/557 GMT
Asian polyethylene terephthalate buyers have slashed purchase volumes despite cooling PET prices in the region after a recent surge, as they expect prices to fall further, producers told Platts this week.
PET prices started trending lower in the past two weeks on lower feedstock costs, with PET on an FOB Northeast Asia basis assessed at $1,670/mt Wednesday, down $45/mt week on week, while FOB SEA prices were assessed at $1,690/mt, down $50/mt over the same period.
Based on the latest feedstock prices, the breakeven price for PET is estimated at $1,613.24/mt, down $110.56/mt from last week. On Wednesday, CFR China monoethylene glycol was assessed at $1,212/mt, down $108/mt week on week, while CFR China purified terephthalic acid was assessed at $1,238/mt, down $52/mt over the same period.
The dip in the past weeks comes after five consecutive weeks of increasing prices.
On August 10, FOB NEA and SEA PET was assessed at $1,650/mt. The lower price in the typically weak year-end demand season has resulted in optimism on part of the buyers.
"People are taking a wait-and-see approach, and buying [limited volumes to meet immediate requirements]," said a producer in South Asia.
Currently, buyers are making inquiries for around 500 mt-1,000 mt cargoes, while earlier they would buy up to 30,000 mt at one go.
A South Korean producer said his customers were breaking down their demand into about four batches. "They believe prices will fall [in the near future], and don't want to take a risk," said the source.
Asian polyethylene terephthalate buyers have slashed purchase volumes despite cooling PET prices in the region after a recent surge, as they expect prices to fall further, producers told Platts this week.
PET prices started trending lower in the past two weeks on lower feedstock costs, with PET on an FOB Northeast Asia basis assessed at $1,670/mt Wednesday, down $45/mt week on week, while FOB SEA prices were assessed at $1,690/mt, down $50/mt over the same period.
Based on the latest feedstock prices, the breakeven price for PET is estimated at $1,613.24/mt, down $110.56/mt from last week. On Wednesday, CFR China monoethylene glycol was assessed at $1,212/mt, down $108/mt week on week, while CFR China purified terephthalic acid was assessed at $1,238/mt, down $52/mt over the same period.
The dip in the past weeks comes after five consecutive weeks of increasing prices.
On August 10, FOB NEA and SEA PET was assessed at $1,650/mt. The lower price in the typically weak year-end demand season has resulted in optimism on part of the buyers.
"People are taking a wait-and-see approach, and buying [limited volumes to meet immediate requirements]," said a producer in South Asia.
Currently, buyers are making inquiries for around 500 mt-1,000 mt cargoes, while earlier they would buy up to 30,000 mt at one go.
A South Korean producer said his customers were breaking down their demand into about four batches. "They believe prices will fall [in the near future], and don't want to take a risk," said the source.
Wednesday, September 28, 2011
Monday, August 29, 2011
PET prices
Raw material pressures have sent North American prices for PET bottle resin and solid polystyrene higher since Aug. 1.
PET prices are up an average of 3 cents per pound, largely due to higher prices of paraxylene feedstock. That, in turn, has lifted prices for purified terephthalic acid feedstock, which has its U.S. prices tied to paraxylene on a formula basis.
“Paraxylene keeps going up,” one industry insider said. “The margins on it are huge right now. And supplies [of paraxylene] are relatively tight.”
The raw material push has sent prices higher even as North American PET demand largely was flat in the first half of 2011. Demand for the material in Mexico was up slightly, but lower U.S. demand -- caused mainly by continued lightweighting of PET bottles -- negated that growth, the insider said.
Consumer preferences continue to move toward thinner water bottles and away from thicker bottles for carbonated soft drinks, he added. This was evident in a conversation he recently had with a U.S.-based bottler.
PET prices are up an average of 3 cents per pound, largely due to higher prices of paraxylene feedstock. That, in turn, has lifted prices for purified terephthalic acid feedstock, which has its U.S. prices tied to paraxylene on a formula basis.
“Paraxylene keeps going up,” one industry insider said. “The margins on it are huge right now. And supplies [of paraxylene] are relatively tight.”
The raw material push has sent prices higher even as North American PET demand largely was flat in the first half of 2011. Demand for the material in Mexico was up slightly, but lower U.S. demand -- caused mainly by continued lightweighting of PET bottles -- negated that growth, the insider said.
Consumer preferences continue to move toward thinner water bottles and away from thicker bottles for carbonated soft drinks, he added. This was evident in a conversation he recently had with a U.S.-based bottler.
Thursday, July 14, 2011
PET prices, PBT prices, EVA prices, LDPE prices
Celanese Corporation’s (NYSE:CE) Ticona engineering polymers business announced an increase in prices of Celanex PBT, Vandar PBT, Impet PET and Riteflex TPC-ET polyesters in the Americas and Europe, effective July 29.
For the Americas, Ticona engineering indicated a price increase of $0.15 per pound, while for Europe it indicated an increase of €0.25 per kilogram.
Effective August 1, 2011, Celanese’s subsidiary Celanese EVA Performance Polymers Inc., is also increasing the price of all grades of Ateva EVA by $0.08 per pound and all grades of LDPE by $0.06 per pound.
For the Americas, Ticona engineering indicated a price increase of $0.15 per pound, while for Europe it indicated an increase of €0.25 per kilogram.
Effective August 1, 2011, Celanese’s subsidiary Celanese EVA Performance Polymers Inc., is also increasing the price of all grades of Ateva EVA by $0.08 per pound and all grades of LDPE by $0.06 per pound.
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