PET Prices and News
Oil slump leaves China, SE Asia polymer markets without direction as buyers step back by Merve Sezgün
Polymer markets across China and Southeast Asia have entered a period of uncertainty after crude oil erased much of last week's war-driven rally. While Brent tumbled from around $100/bbl to below $90/bbl in just two trading sessions, both polymers and their upstream olefins have lost directional momentum. Players increasingly describe the current environment as having "no clear direction," preferring to wait and see whether the latest correction in crude proves temporary or develops into a broader downtrend... 29-07-2026
Duty-free US plastics: Beyond polymers, a new challenge for Europe's and Türkiye's downstream industries by Manolya Tufan
The EU-US tariff agreement has largely been viewed through the lens of polymers, particularly PE, and as a boost for US polymer exports. Yet the implications reach well beyond resin markets. By eliminating customs duties across the entire Chapter 39, the regulation also covers a broad range of semi-finished and finished plastic products, potentially reshaping competition across Europe's downstream plastics value chain... 08-07-2026
Asian PET bottle falls sharply after peace deal, but war premium is far from gone by Elif Sevde Yalçın and Merve Sezgün
Asian PET bottle markets largely extended their multi-week weakness, with prices across all segments posting notable losses and eroding part of the gains accumulated during the war-driven rally earlier this year. Although China's local market had briefly rebounded in the previous week, the recovery proved short-lived as the downward trend resumed... 22-06-2026
European PET market extends correction phase into June after spring rally by Marta D'Ortona
The reversal of the trend that began to emerge during the second half of May has become increasingly evident across Europe's PET market in early June. After reaching around four-year highs during the extraordinary rally seen in March and April, PET prices have continued to edge lower, although the pace of declines has remained relatively moderate so far... 15-06-2026
SE Asia’s war premium scoreboard: PVC nears normalization as PP, PET and LDPE remain inflated by Merve Sezgün
According to ChemOrbis Price Index data, Southeast Asia’s import polymer markets have spent the past several weeks unwinding the sharp gains triggered by the outbreak of war in the Middle East. Yet the pace of correction has varied significantly across products, creating a sharply diverging picture by mid-June... 12-06-2026
Polyethylene terephthalate (PET) is formed by polymerization of PTA and MEG feedstocks. While PTA is produced from PX (paraxylene), MEG is produced from ethylene. Therefore, when examining PET production costs, PX and ethylene should also be taken into consideration besides PTA and MEG.
There are three types of PET: bottle, textile and film. PET bottle grade is used in transparent plastic bottles that are frequently used in daily life. As can be deduced from its name, PET textile chips are used in the textile field, while PET film is used in packaging. In terms of global consumption, PET bottle grade is more commonly used than PET textile. POY, on the other hand, is a partially oriented yarn and it is a semi-finished product that corresponds to the next stage of textile chips.
Looking at the top PET suppliers on a country-based breakdown, China is by far the most important seller of PET bottle grade. China, which is self-sufficient in meeting its domestic demand and a net exporter thanks to its huge PET capacities, realizes more than 30% of the global PET trade. China is then followed by Taiwan and India. The USA, Japan and Italy are among the top three PET buyers, respectively. However, these countries' import purchases are relatively limited.
ChemOrbis Polyethylene terephthalate (PET) prices and Plastics News section contain information on the market trends, as well as supply-demand factors and production costs that determine the pricing, statistics on imports and exports, along with maintenance shutdowns, restarts, and new capacities related to PET facilities.
Products:
PET bottle, PET film, PET textile chips, POY
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