China exported PET at record levels from March through May of 2014, shipments easing moderately in June and July. Nearly all of this was bottle-grade polymer. After falling for several months, the average export price picked up slightly in July, to $1267/ton.
Five markets accounted for about 40% of the 1.4 million tons China shipped through July: Japan, 202,000 tons, up 33%; Russia, 115,000 tons, up 83%; United States, 92,000 tons, up 88%; India, 64,000 tons, up 350%; and Egypt, 61,000 tons, up 18%. Numerous markets in the Asia-Pacific region, Eastern Europe and Latin America accounted for most of the remainder.