Packaging
PET & PP
1,000
1,200
1,400
1,600
1,800
2,000
2,200
Dec 19 Mar 20 Jun 20 Sep 20 Jun 21 Sep 21 Dec 21
PET US - USD/MT
Dec 20 Mar 21
2O89 - PET bulk cont fob US
US PET prices remained relatively stable in December, as most market participants had concluded
their business for the year amid a substantial increase in supplies following force majeure being
declared in November. The December 2021 average price of US PET was USD 2,094/MT, up 82.7% yo-y
and 0.8% m-o-m.
The gradual reopening of US factories, following supply disruptions earlier in the year, caused US PP
prices to continue to ease in December reaching a 5-month low. Wider material availability of
materials and falling monomer costs further supported prices. The December average price of US
PP was USD 3,317/MT, up 81.3%y-o-y but down 10% m-o-m.
1,200
1,890
2,580
3,270
3,960
Dec 19 Mar 20 Jun 20 Jun 21 Sep 21 Dec 21
PP US - USD/MT
Sep 20 Dec 20 Mar 21
2O85 - PP cont fob US
600
800
1,000
1,200
1,400
1,600
Dec 19 Mar 20 Jun 20 Jun 21 Sep 21 Dec 21
PET EU - EUR/MT
Sep 20 Dec 20 Mar 21
2O52 - PET cont del DE
Continued supply disruptions caused the price of EU PET to surge to unprecedented levels during
December. The price remained significantly higher y-o-y. The December 2021 average price of EU PET
was recorded at EUR 1,589/MT, up 104.4% y-o-y and 8.2% m-o-m.
The EU PP price followed the EU PE market, rising slightly on supply disruptions, along with the fact
that demand remained firm. The December 2021 average price of EU PP was EUR 1,883/MT, up
64.6% y-o-y and 0.8% m-o-m.
850
1,070
1,290
1,510
1,730
1,950
Dec 19 Mar 20 Jun 20 Jun 21 Sep 21 Dec 21
PP EU - EUR/MT
Sep 20 Dec 20 Mar 21
2O53 - PP cont del DE
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