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PETnology Series: "Month in Charts" - a Service by SBAcci

USMCA PET Resin SUPPLY vs DEMAND

United States

The current edition of the PETnology series "Month in Charts" - a service from SBAcci - highlights two major issues that are currently at the top of the headlines in the PET industry. Both topics will remain in the headlines for the foreseeable future and will have to be micro-controlled at every step in the value chain.

The first is a supply shortage. The difference between demand (red line) and domestic PET production (black line) must be supplied from either imports or rPET (fig. 1). The inability of the NorthAmerican PET resin producers to run at typical high utilization rates required to meet demand is troubling to the buyers. The reasons are many, with most being related to weather (hurricanes, ice storms, flooding, dry spells) and other “acts of god” along with labor and transportation challenges. The sustainability (here used in a non-environmental context) of year around reliable supply is justifiably questioned. Unfortunately, the shortage applies to both vPET from both domestic and imported sources, and to rPET.

 

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