Recent fluctuations in crude oil markets have introduced renewed uncertainty across the polyester value chain, creating divergent price movements among key feedstocks. Market participants are closely monitoring supply-demand dynamics and cost structures, particularly for PET (Polyethylene Terephthalate) resin production.
The global shipping market continues to experience significant volatility into 2025, influenced by ongoing geopolitical tensions, changing trade patterns, and logistical disruptions. This volatility is expected to persist, affecting procurement costs and supply chain stability for businesses reliant on imported raw materials such as PET (Polyethylene Terephthalate) resin.
In mid-March, the Zhengzhou Commodity Exchange (ZCE) successfully completed its first-ever bottle-grade Polyethylene Terephthalate (PET) futures delivery, with Wankai New Materials Co., Ltd. (Wankai) playing a pivotal role as a seller.
In the heated debate over sustainability in the plastics industry, PET (polyethylene terephthalate) often takes center stage. While it's not biodegradable, PET's superpower lies in its unmatched recyclability, making it a sustainability superstar. But how does a non-biodegradable plastic like PET still manage to be a green hero? Let's dive into the surprising science behind PET's biodegradability (or lack thereof), its recycling revolution, and its critical role in the circular economy.
On March 14, 2025, the Shanghai Shipping Exchange released the Shanghai Export Containerized Freight Index (SCFI) at 1319.34 points, down 8.1% from the previous period. Although the overall market remains sluggish, freight rates on some routes have begun to stabilize and rebound, indicating a slowdown in the market decline.
Former U.S. President Donald Trump’s announcement of a 25% tariff on all imported steel and aluminum, starting March 12, has raised questions about its potential impact on global industries, including polyethylene terephthalate (PET) production.
On February 1, 2025, the U.S. government imposed a 25% tariff on imports from Canada and Mexico, and a 10% tariff on imports from China, citing national emergency measures under the International Emergency Economic Powers Act (IEEPA). These tariffs, targeting illegal immigration and drug trafficking concerns, are set to significantly impact the global plastics industry, particularly in trade dynamics between the U.S., Mexico, Canada, and China, which are all key players in the plastics market.
As the second half of the month unfolds, China's Polyethylene Terephthalate (PET) bottle-grade resin market is experiencing a measured recovery in production capacity. Following the Lunar New Year holiday, scheduled maintenance at multiple facilities led to a temporary decline in polyester operating rates. However, since late February, market sentiment has improved, with PET resin trading activity picking up and social inventory levels gradually decreasing.
Leading beverage manufacturers such as Coca-Cola, Bisleri, and Parle Agro are considering legal action against the Indian government's mandate requiring 30% recycled food-grade PET (rPET) content in plastic bottles by April 1, 2025.
In the dynamic and ever - evolving world of plastics and rubber, few events hold as much significance as CHINAPLAS. This international extravaganza serves as a barometer for the industry's trends, a platform for innovation, and a meeting ground for key players.
Currently, the focus in PET waste recycling is on achieving efficient degradation. Advances in genetic engineering and chemical recycling technologies are significantly enhancing the degradation efficiency of polyethylene terephthalate (PET) , paving the way for more sustainable plastic circularity.
As global attention on environmental protection and sustainable development continues to increase, the concept of a circular economy has been widely promoted across various industries. As one of the most widely used plastics, polyethylene terephthalate (PET) faces significant pressure for recycling and reuse. In this context, the circular reuse of PET not only helps reduce environmental pollution but also significantly lowers production costs.
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