PET Prices and News
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
Turkish PET bottle markets diverge as costs lift imports, demand hits locals post-Eid by Gözde İncir
PET bottle markets in Türkiye showed a clear divergence after the Eid al-Adha holiday, with import prices supported by higher feedstock and freight costs, while local prices declined further on weak domestic demand. Buyers remained on the sidelines, limiting trading activity and pressuring sellers between rising costs and soft consumption... 05-06-2026
Two months into war: China pressure reverses polymer rally in Asia, early cracks emerge in Türkiye, will Europe follow? by Esra Ersöz
Eight weeks into the Middle East war, polymer markets across Asia, Türkiye and Europe have surged back to — and in some cases beyond — historical extremes at an unprecedented pace. What took nearly nine months - even longer in some products/markets - during the pandemic and Russia-Ukraine war in 2021-2022 has unfolded in just six to seven weeks this time, as severe supply disruptions from the Middle East and mounting logistics constraints pushed prices sharply higher across the board... 27-04-2026
China emerges as shock absorber after polymer rally pushes SE Asian markets to multi-year highs by Merve Sezgün
The outbreak of the Middle East war triggered a powerful rally across Southeast Asia’s polymer markets, with prices surging by 40-60% in a matter of weeks and reaching multi-year highs. However, unlike a purely supply-driven spike, the uptrend has increasingly run into structural limits, as widening price gaps with China curbed further upside and, in some cases, triggered corrections... 22-04-2026
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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