PET Prices and News
War-hit logistics barely dent Türkiye’s H1 polymer imports by Merve Madakbaşı
As global polymer markets approached the end of the second quarter of 2026, they faced a severe logistics crisis triggered by the US-Iran war in the Middle East, alongside soaring container freight rates and sharp increases in feedstock costs. Amid heightened uncertainty surrounding the Strait of Hormuz, delayed shipments, plant shutdowns in areas targeted by attacks, and abrupt price swings dominated the second-quarter market landscape... 13-08-2026
Sub-€1250/ton PET offers fade after three-month slide in Europe by Manolya Tufan
Europe's PET bottle market entered August on a firmer footing, with suppliers testing limited price increases after July's steep corrections. While buyers remain cautious and continue to await monthly MEG and PX settlements, market participants increasingly note that spot levels below €1250/ton FD are disappearing from the low end of the market, particularly in Italy... 11-08-2026
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
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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