PET Prices and News
China’s old plant closure hype quickly fades in polymer markets by Merve Sezgün
China’s recent pledge to shutter aging petrochemical facilities briefly lifted sentiment in the polymer markets in mid-July, but the optimism faded quickly. Gains were seen mainly during the week of the announcement—the third week of July—when futures and some spot markets reacted positively. Since then, weak demand and abundant supply have reasserted pressure across PVC, PP, PE, and PET markets, making the policy boost little more than a “flash in the pan” in the short term... 13-08-2025
Europe’s PET market edges higher, but heatwave fails to spur strong gains by Manolya Tufan
European PET markets head into August with a cautiously firm tone, even though the uptrend remained limited despite seasonal expectations and the ongoing anti-dumping probe into Vietnamese PET. A modest pickup in demand and disruptions in the import market helped local producers achieve small increases, yet the lack of robust consumption and erratic weather patterns prevented any substantial rally in prices during July... 29-07-2025
Europe’s PET demand sees signs of improvement after several months of weakness by Marta D'Ortona
The PET market opened July on a slightly firmer note, halting a three-month downturn and leading to a rebound in prices, which hit their multi-year lows last month. Together with higher prices, PET participants reported an improvement in demand in the first week of July, mainly due to the hot spell that hit Europe... 16-07-2025
Europe’s PET bottle market at a crossroads: Will prices rebound from multi-year lows? by Manolya Tufan
European PET markets wrapped up June with modest price reductions, despite the onset of peak season. Local spot deals across both Italy and Northwest Europe were largely concluded with decreases of €20-30/ton, as lackluster demand and ample availability continued to weigh on sentiment. Regional producers are now turning their attention to July to assess whether prices can rebound after a three-month downtrend... 01-07-2025
Stats: Türkiye’s April polymer imports hit an all-time high by Merve Madakbaşı
According to ChemOrbis Stats Wizard, Türkiye’s total April polymer imports pointed to the highest monthly volume since ChemOrbis started to compile data in 2003. The figure indicated an increase of 21% from the previous month and was up by 12.5% from April 2024. Saudi Arabia remained the number one polymer supplier, followed by the USA and South Korea. Meanwhile, the total import value at $717 million represented a 23% gain month over month... 05-06-2025
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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