PET Prices and News
EU may launch ADD probe on Turkish, Vietnamese PET: Is another supply shake-up ahead? by Manolya Tufan
Market sources argue that the European Commission is on the verge of initiating an anti-dumping investigation into imports of polyethylene terephthalate (PET) from Türkiye and Vietnam. Although no official announcement has been made yet, growing chatter within the industry points to possible trade measures targeting these two major PET exporters. Speculation is building, and as the EU mulls potential new restrictions, market players are increasingly on edge over the uncertainty this could bring... 15-05-2025
Pressure mounts on Europe’s PET market: Spot prices sink to 4-year low as May kicks off by Manolya Tufan
European PET markets opened May with widespread price reductions, extending April’s losses. Local offers surfaced with decreases of €40-70/ton, while CIF import offers dipped below the €900/ton threshold, reflecting increasingly aggressive competition from Asian suppliers. The pressure has mounted this month, with notable declines pulling spot PET bottle prices down to more than 4-year lows... 08-05-2025
Stats: Türkiye’s Q1 polymer imports up 6% year over year by Merve Madakbaşı
ChemOrbis Stats Wizard data revealed that the total polymer imports of Türkiye were up by 3% in Q1 2025 from the prior quarter and stood at slightly above 1.5 million tons. The volume was also up by 6% from Q1 2024, when imports were 1.4 million tons. In January-February, Saudi Arabia (292,000 tons), the USA (216,000 tons), South Korea (159,000 tons), Egypt (95,000 tons), and Iran (54,000 tons) were the top five suppliers... 06-05-2025
Post-holiday return clouded by trade war and tumbling oil in Türkiye by Merve Madakbaşı
As most polymer players returned from the Eid al-Fitr holiday only this week, they were met with a global storm fueled by a deeper trade war, sparked by a series of tariffs imposed by the US on imports from dozens of countries, particularly China, coupled with a sharp drop in oil prices. The resulting loss of cost support, along with domestic liquidity issues, has dashed hopes for a post-holiday recovery in demand among Turkish players for now... 11-04-2025
Revised: US tariffs exempt key petchems; can PE exports survive the retaliation? by Esra Ersöz
Certain grades of PE, PP, and PET are among the list of exemptions for reciprocal tariffs. Considering the net-exporter status of the US in PE, the US government seems to be aiming to avoid retaliatory tariffs, while it is yet to be seen whether partner countries will accept this move - apparently China won’t - as broader tariffs on other goods will still disrupt trade flows, increase production costs for downstream industries, and strain global supply chains... 07-04-2025
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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