PET Botlle Resin – Plastics continue to experience a decline in Germany 18-03-2024
PET Botlle Resin
- Polymers : PET – r-PET – Filament grade semidull chips -Filament grade bright chips – Ny6 – Ny66 – PP
- Feedstocks PX – PTA – MEG – CPL – Adipic Acid – Benzene – ACN – Ethylene – Phenol – Naphtha
- Textile : Polyester POY – DTY – FDY – PSF – Recycled Polyester POY – Nylon POY – DTY – FDY Spandex 20-30-40 -Viscose Staple Fiber VSF Acrylic Staple Fiber
PET Botlle Resin
| Polyestertime | |||
| ITEM | 11/03/2024 | 18/03/2024 | +/- |
| Bottle grade PET chips domestic market | 7,025 yuan/ton | 7,100 yuan/ton | +75 |
| Bottle grade PET chips export market | 895 $/ton | 905 $/ton | +10 |
| Filament grade Semidull chips domestic market | 6,830 yuan/ton | 6,870 yuan/ton | +40 |
| Filament grade Bright chips domestic market | 6,850 yuan/ton | 6,890 yuan/ton | +40 |
| Pure Terephthalic Acid PTA domestic market
PET Botlle Resin |
5,760 yuan/ton | 5,895 yuan/ton |
+135 |
| Pure Terephthalic Acid PTA export market | 700 $/ton | 735 $/ton | +35 |
| Monoethyleneglycol MEG domestic market | 4,565 yuan/ton | 4,485 yuan/ton |
-80 |
| Monoethyleneglycol MEG export market | 537 $/ton | 525 $/ton | -12 |
| Paraxylene PX FOB Taiwan market | 1,003 $/ton | 1,043 $/ton |
+40 |
| Paraxylene PX FOB Korea market | 981 $/ton | 1,021 $/ton | +40 |
| Paraxylene PX FOB EU market | 1,150 $/7on | 1,170 $/ton | +20 |
| Polyester filament POY 150D/48F domestic market | 7,750 yuan/ton | 7,750 yuan/ton |
– |
| Recycled Polyester filament POY domestic market | 7,700 yuan/ton | 7,600 yuan/ton | -100 |
| Polyester filament DTY 150D/48 F domestic market | 9,075 yuan/ton | 9,050 yuan/ton | -25 |
| Polyester filament FDY 68D24F | 9,100 yuan/ton | 9,100 yuan/ton | – |
| Polyester filament FDY 150D/96F domestic market
Polymers prices |
8,350 yuan/ton | 8,350 yuan/ton | – |
| Polyester staple fiber 1.4D 38mm domestic market | 7,320 yuan/ton | 7,400 yuan/ton | +80 |
| Caprolactam CPL domestic market | 12,900 yuan/ton | 12,900 yuan/ton |
– |
| Caprolactam CPL overseas market | 1,700 $/ton | 1,700 $/ton | – |
| Nylon 6 chips overseas market | 1,975 $/ton | 1,975 $/ton | – |
| Nylon 6 chips conventional spinning domestic market | 14,150 yuan/ton | 14,300 yuan/ton | +150 |
| Nylon 6 chips high speed spinning domestic market | 14,850 yuan/ton | 14,650 yuan/ton | +400 |
| Nylon 6.6 chips domestic market
PET Botlle Resin |
22,000 yuan/ton | 22,000 yuan/ton | – |
| Nylon6 Filament POY 86D/24F domestic market | 17,000 yuan/ton | 16,700 yuan/ton | -300 |
| Nylon6 Filament DTY 70D/24F domestic market | 19,200 yuan/ton | 18,900 yuan/ton- | -300 |
| Nylon6 Filament FDY 70D/24F | 18,350 yuan/ton | 18,100 yuan/ton | -250 |
| Spandex 20D domestic marke | 34,400 yuan/ton | 34,200 yuan/ton | -200 |
| Spandex 30D domestic market | 32,900 yuan/ton | 32,700 yuan/ton | -200 |
| Spandex 40D domestic market | 29,900 yuan/ton | 29,700 yuan/ton | -200 |
| Adipic Acid domestic market
PET Botlle Resin |
9,750 yuan/ton | 9,500 yuan/ton | -250 |
| Benzene domestic market | 8,600 yuan/ton | 8,720 yuan/ton | +120 |
| Benzene overseas market | 1,024 $/ton | 1,046 $/ton | +22 |
| Ethylene South East market | 1,010 $/ton | 1,010 $/ton | – |
| Ethylene NWE market CIF | 929 $/ton | 840 $/ton | -89 |
| Acrylonitrile ACN domestic market | 9,700 yuan/ton | 9,700 yuan/ton | – |
| Acrylonitrile ACN overseas market | 1,200 $/ton | 1,200 $/ton | – |
| Acrylic staple fiber ASF domestic market
PET Botlle Resin |
14,600 yuan/ton | 14,600 yuan/ton | – |
| Viscose Staple Fiber VSF domestic market | 13,400 yuan/ton | 13,400 yuan/ton | – |
| PP Powder domestic market | 7,100 yuan/ton | 7,100 yuan/ton | – |
| Naphtha overseas market | 701 $/ton | 725 $/ton | +24 |
| Phenol domestic market | 7,640 yuan/ton | 7,685 yuan/ton | +45 |
r-PET high end eco-friendly chips =8,350 yuan/ton — 8,350 yuan/ton –
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Plastics continue to experience a decline in Germany
Plastics in Germany faced a sharp decline last year, with production plummeting by over 15% and sales dropping by 22 points, spelling out a bleak outlook for the industry in the near future. This downturn was evident not only in the financial reports of major German chemical corporations but also in recent data from the plastics converters’ association GKV.
Further evidence of the sector’s distress emerged from PlasticsEurope Deutschland, the association representing German plastics producers. According to its president, Ralf Düssel, primary plastic production nosedived by 15.3%, while sales and trade saw significant slumps of nearly 22%, with exports and imports each declining by 11% and 14%, respectively. PET Botlle Resin
Despite a slight uptick in employment (+1.7%), the overall scenario remains dire.
Düssel didn’t mince words, labeling the situation “dramatic” and suggesting that the industry was facing its worst crisis on record. Projections indicate that production will likely remain stagnant this year, lingering at a dismal 25% below 2022 levels. To weather this storm, Düssel emphasized the need for strategic and structural adaptations throughout the supply chain.
Though the outlook appears grim, some faint glimmers of hope emerge from regulatory initiatives at both national and EU levels. PET Botlle Resin
These measures aim to bolster German industry’s competitiveness and foster advancements in climate protection technologies, leveraging Europe’s edge in chemical innovation, particularly in the realm of non-fossil plastic production methods like biopolymers and recycling.
PET Botlle Resin