Episode 592: PODCAST: Global flow of PET to see limited relief from logistic chaos over coming weeks

ICIS - chemical podcasts

English - April 22, 2021 00:00 - 15 minutes - 21.7 MB
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Previous Episode: Episode 590: Record-breaking chemicals margins as logistics, supply crisis persists

Next Episode: Episode 593: Europe PE and PP prices at record levels, Turkish values softening

Significant disruptions rippling along the global polyethylene terephthalate (PET) value chain are likely to continue, largely due to shipping delays, container shortages and high freight costs.
- Vessel availability restricts discussions, in addition to PET buy-sell price gaps
- Europe short on reduced output and shipping concerns, putting buyers on back foot
- Asian spot export discussions at a standstill due to low buy-sell interest
- Americas inventories are lean, producers unable to rebuild stocks prior to hurricane season.
By Hazel Goh, Caroline Murray and Luly Stephens