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Industry Insights
Polyester Chain Navigates Uncertain Markets Amid Oil Price Volatility
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.
Global Shipping Volatility and Its Impact on PET Resin Procurement
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.
Wankai Key Player in First Bottle-Grade PET Futures Delivery
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.
PET vs. Bioplastics: Why PET Isn’t Biodegradable—But Still a Sustainability Champion
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.
China's Export Shipping Market Stabilizes, Key Routes See Freight Rate Rebound
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.
U.S. Tariffs on Steel and Aluminum: Potential Impact on the Global PET Industry?
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.
Tariffs on Mexico, Canada, and China: Impact on the Global Plastics Industry
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.
China's PET Resin Supply: Gradual Recovery in Production Capacity
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.
Beverage Giants Resist India's 2025 rPET Mandate: Why and How Industry Players Will Respond
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.
Expo Chinaplas & Wankai PET: 2024 Retrospect, 2025 Vistas
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.
Thermophilic Bacterium Achieves Breakthrough in Plastic Recycling with High Conversion Rate
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.
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Ready to see how our commercial and industrial PET can brighten up your projects? Fill out the contact form below, and one of our PET specialists will get back to you soon!