PET Prices and News
Stats: Türkiye’s September polymer imports barely change on month, year by Merve Madakbaşı
According to ChemOrbis Stats Wizard, Türkiye’s total September polymer imports edged down by 1% from August, while they inched higher by 0.8% from September 2024. Saudi Arabia remained the number one polymer supplier with a 27% share, followed by South Korea (13%) and the US (11%). Meanwhile, the total import value slightly rose to nearly $532 million month over month, but indicated a yearly decline... 05-11-2025
Global PET trade jolted—this time by new US tariffs; flows are being reshaped by Manolya Tufan and Esra Ersöz
PET trade flows, which have already been in flux amid an oversupplied market and increasingly protectionist environment across the globe, have seen a fresh blow from the US administration’s decision to expand reciprocal tariffs to include PET and rPET imports, effective September 8, 2025. This has been particularly important as the doors closing in the US, which is the top PET buyer of the world right after EU27, will intensify pressure on producers across Asia, Europe, and beyond... 02-10-2025
ChemOrbis Global Petrochemicals Conference ’25 highlights shifting trade winds and rising restructuring wave by ChemOrbis Editorial Team
The ChemOrbis Global Petrochemicals Conference ’25, held on September 18, 2025, at the Four Seasons Bosphorus Hotel in Istanbul, brought together senior executives, petrochemical producers, traders and converters as well as market experts to discuss how global polymer markets are evolving under the weight of new capacities, tariffs, shifting trade rules, and of course the rising need for restructuring... 22-09-2025
European PET cracks €900 FD threshold for 1st time since 2021 by Manolya Tufan
European PET markets have come under renewed pressure in early September as deals started to emerge below the critical €900/ton FD threshold. Weak consumption, combined with comfortable availability, has tipped the balance further in buyers’ favor, reinforcing expectations for a steady-to-softer outlook. This is the first time prices dipped below €900/ton FD level since January 2021... 11-09-2025
Europe’s PET uptrend proves short-lived as September expectations weaken by Manolya Tufan
After rebounding in July from a three-month losing streak, European PET markets lost momentum in August. The fragile uptrend quickly gave way to stability and even slight softening, with most deals concluded with rollovers or modest decreases amid summer lethargy and lower contract settlements. Aggressive offers emerged in the latter half of the month, undermining the gains achieved earlier in the summer... 28-08-2025
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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