The spot material shortage, the European PET market is in disorder

According to McKinsey, wood ( Wood Mackenzie) PET head Phil Marshall said, the European PET market is in a disorder status, its important reason is because the PTA lack material and cutting imports. In a statement published on May 25, Marshall said, Europe's important PTA manufacturers recently encountered a series of technical subjects. Released, he says, which leads to two PTA producers affected by the force majeure factors baidu website optimization, which affects the production of plastic thermoforming machine material PET. The supply pressure comes as inventory has low volume. McKinsey experts pointed out: wood & other; Under the condition of the spot material prices, local producers are difficult to complete the order. ” According to wood Mackenzie, the beginning of may's bid for euro 1200 / mt, while the price of June will be close to 1450 euros/metric tons. For this reason, Marshall warned that is likely in the near future marketing planning company, a group of brand owners will not be able to get to the production of products. He said: & other; This may lead to some localization of qualified products, their own products brand also likely to be limited. In addition & hellip; … This will produce a chain reaction to consumers. ” According to Marshall, the PET market of this kind of situation has not seen for years. This may prompt some idle factories reopen, but the real prospects is that some of the spot price of the product in the third quarter may be over 2000 euros/ton. “ In six weeks ago, it still never heard before. ” Marshall concluded.