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PET Raw Material Futures Outlook: Next Wave of Chinese PET Resin Capacity Threatens New Year Recovery

PTA Futures flat declined as PX prices weakened, crude rebound may filter through into recovery.
PET resin export prices gave ground, as demand quietened, and spreads dropped back.
Next wave of new capacity looms, threatening to disrupt improving SD balance.

Gareth Lamb

5 months ago

3 min read

China PET Resin Export Price Outlook: Navigating Price Shifts in Chinese PET Resin Amidst Oversupply Challenges

Chinese PET export prices stabilise, improving S/D balance contributes to a gradual recovery in margins.
Crude snaps longest losing streak, oversupply concerns persist despite OPEC+ production cuts.
PET resin export prices show forward premium, new capacity expansion will limit upside to profitability.

Gareth Lamb

5 months ago

3 min read

Middle East Embraces rPET in Food and Beverage Packaging

Middle East is witnessing a significant shift towards incorporating rPET in F&B packaging.
Robust regulatory frameworks in the region are plating a pivotal role in fostering rPET use.
Regional food and beverage industry leaders are actively embracing rPET in their packaging.

Gareth Lamb

5 months ago

7 min read

PET Raw Material Futures Outlook: Chinese PET Margins Steadily Improve, Oversupply May Constrain Upside

PTA Futures flat as crude downside countered by slight PTA margin recovery.
PET resin export prices keep stubbornly rangebound, PET margins also showing recovery.
Greater upside potential seen in PET resin export prices, following crude’s losing streak.

Gareth Lamb

5 months ago

3 min read

PET Resin Trade Flows: Chinese PET Resin Exports on Track for Another Record Year

Chinese PET exports on track for another record year driven by new capacity additions.
Lower EU imports in Q3 give domestic producers some breathing space.
Indian PET resin exports contract, whilst Chinese imports threaten domestic market.

Gareth Lamb

5 months ago

5 min read

PET Raw Material Futures Outlook: Asian PET Resin Export Prices Bottom Out, Low Margins Remain

PTA Futures stymied by an underwhelming OPEC+ meeting and increased supply.
PET resin export prices keep rangebound, after producers fail to gain upward momentum.
Forward curve for Chinese PET resin exports looks to have bottomed out.

Gareth Lamb

5 months ago

4 min read

PET Raw Material Futures Outlook: Chinese PET Resin Producers Lacking Sales Momentum as YE Approaches

PTA and MEG Futures drop on broader Chinese chemicals market volatility.
Raw material forward curve moves into contango due to near-term price decrease.
Chinese PET resin producers see slow progress on sales front.

Gareth Lamb

5 months ago

4 min read

European PET Market View: European PET Resin Buyers Rush to Secure Volume Amid Shutdown Threat

European PET resin sales improve in Nov/Dec, economic outlook turns more positive.
Provisional ADD against Chinese resin announced, levels undershoot expectations.
PET resin prices soften on lower raw material costs, producer see modest margin gains.

Gareth Lamb

5 months ago

6 min read

PET Raw Material Futures Outlook: Can China’s PET Resin Margins Recover Ahead of New Year?

PTA Futures rally driven higher by tighter supply and polyester demand strength.
Raw material spreads slip backwards reaching a new 3-month low.
PET resin margins reach critical juncture, is a demand recovery imminent?

Gareth Lamb

6 months ago

4 min read

PET Resin Trade Flows: Asian Producers Under Pressure from Chinese PET Resin in Home Markets

Chinese PET exports post record Sept levels, sales pressure comes from new over-capacity.
Chinese exports to face increased scrutiny and potential new trade barriers.
US imports buck the recent downward trend, economic recovery strengthens demand.

Gareth Lamb

6 months ago

5 min read

PET Raw Material Futures Outlook: Chinese PET Margins Pinned Down Lacking Demand Support

PTA Futures soften as crude prices continue to fall back towards USD80/bbl.
Whilst feedstock costs remain flat, resin margins keep negative lacking demand.
PET resin margins must see recovery into Q1’24, amid potential further production cuts.

Gareth Lamb

6 months ago

3 min read

PET Raw Material Futures Outlook: Decline in Forward Premiums for PET Exports Sees Margins Lower for Longer

PTA Futures rise as supply constrained by unplanned maintenance turnarounds.
Overall, PET feedstock costs remain flat through the next 12-months.
Chinese PET producers lower forward premiums, margins to remain depressed in 2024.

Gareth Lamb

6 months ago

3 min read