Date: September 2021
PET. – In September, raw materials have taken a breather and have broken the upward trend that had been experiencing. This has also favored the containment of the price of PET.
However, everything seems to indicate that prices will soon experience a strong increase.
On the one hand, we have the trend of oil that at the end of September has already raised its price above 80 USD a barrel; level similar to that of the same month of 2018, when PET was at 1,300 € / t.
On the other hand, a certain shortage of raw materials and PET is beginning to be noticed, coming from Asia and more specifically China. The shortage of return containers to Europe is causing shortages and higher prices of these products.
Another factor to consider is the high cost of energy, which is not unrelated to the production companies that are great eaters of electricity and gas in their cogeneration plants.
All this has coincided with technical shutdowns for maintenance of 3 PET producers in Europe.
In the short term there is a certainly worrying future and the lack of product for the month of October and the consequent price increases has already begun to be noticed.