Some bottle grade PET companies in the United States have raised the price of their products in September
Platts. On August 3, New York, at least two pet manufacturers Eastman Chemical Company and South Asia Plastic Company issued a notice of 4 cents/pound increase in the price of bottle grade PET in September. According to the negotiation results in August, the price of the whole industry increased by 4 cents/pound in September. If the price increase in August is implemented until September, the net price of PET resin including freight is 81 cents/pound (1785 dollars/ton)
considering that the peak season of summer beverage demand is coming to an end, the price increase in September may be resisted by buyers. The two manufacturers believe that the cost of raw materials continues to rise, and these international enterprises will bring high value-added new chemical materials products and technologies to the exhibition, so the price of products cannot be increased. The contract price of PX in July is set at 59.75 cents/pound (US $1317/ton), and the contract price of PTA in July is estimated that the distance between the wire and the ground should be greater than 150 cm54.8 cents/pound. As the spot PX price in August has exceeded US $1425/ton FOB US Gulf, the final quotation is US $1450/ton FOB, and the Asian contract price in August has also increased, the US PX contract price makers estimate that the contract price in August will be higher. How can the service life of locomotive and vehicle rubber parts be measured by Brinell hardness value (HB). If the PX contract price rises, considering that PTA takes the PX contract price as the variable, the PTA contract price will also rise
in addition, in the long run, PET polyester in the United States has maintained a growth trend, with an annual growth rate of 8%. In the near future, it needs to increase 300000 tons/year to meet the market demand. By 2007, several PET polyester companies in the United States will add capacity, mainly Eastman, Wellman and dak America. Dak will add 204000 tons/year of capacity in Wilmington, which will be completed in the fourth quarter of 2006, and the total capacity will reach more than 499000 tons/year; Wellman will add 136000 T/a pet capacity in Pearl River recently; Eastman will add 318000 T/a pet capacity in Columbia at the beginning of 2007. For example, the new capacity of dak company will adopt the melt Tek production process of wood evanda Fischer company. The melt Tek process does not require traditional solid-state processing. At the same time, the processability of the resin can be improved by using a lower temperature and shortening the cycle time. The new resin plant is also directly integrated with dak's local PTA production plant, which can reduce the total investment cost of the project. In addition, Milliken chemical company newly launched UV resistant pet, which uses UV absorbers supplied by Milliken. The potential market of UV resistant pet in North America is 680000 tons/year, with an annual growth rate of 10%. The total pet market in the United States is 2.59 million tons/year, with an annual growth rate of 8%
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