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July 9th, 2025

Polyethylene Terephthalate (PET) Prices Index: Trend, Chart, News, Graph, Demand

The North American Polyethylene Terephthalate (PET) market exhibited an overall bullish trend, with prices rising in January and February before slightly retreating in March. January's gains were largely fueled by concerns over a potential strike by the International Longshoremen's Association, set for mid-month, which created apprehension around port disruptions on the East and Gulf Coasts. These concerns triggered aggressive procurement activity, lifting prices despite a relatively favorable feedstock cost environment. As the quarter progressed, PET prices continued to rise through February, driven by climbing purified terephthalic acid (PTA) costs, while monoethylene glycol (MEG) prices remained relatively flat. A robust industrial output and trade restrictions on Chinese PET also influenced the market, causing buyers to diversify sourcing options. Although seasonal cold weather dampened bottle-grade demand, steady consumption from food packaging and a policy shift toward increased use of recycled PET (rPET) helped bolster the market. March, however, saw a minor retreat in PET prices amid muted demand and ample product availability. High inventory levels, unchanged upstream costs, and reduced shipping rates from Asia all contributed to a balanced but softer pricing environment. Despite targeted incentives to stimulate sales, tepid demand and growing rPET competition exerted downward pressure. Across the region, the U.S. experienced the widest fluctuations, with PET prices ending Q1 at USD 1190/MT FAS Houston, reflecting a modest 1% increase over the previous quarter.

Get Real time Prices for Polyethylene Terephthalate (PET): https://www.chemanalyst.com/Pricing-data/polyethylene-terephthalate-72

Meanwhile, the Asia-Pacific PET market recorded a consistent bearish trend throughout Q1 2025, with prices falling each month. January started with relatively stable pricing due to balanced supply-demand conditions and steady MEG costs. However, as demand softened post-holiday and PTA prices declined due to oversupply, market sentiment turned negative, leading to price drops by the month’s end. February followed with continued weakness, particularly in the beverage segment, impacted by adverse weather conditions and tepid consumer spending. Rising regional inventories and weakening import prices further depressed the market. PTA feedstock continued on a downward trajectory, weighing on the cost structure, while sentiment remained subdued across the board. In March, oversupply conditions persisted, and the market was further challenged by weak procurement, falling MEG costs, and decreasing freight rates. Even though seasonal demand began to rise with the approach of summer, it remained insufficient to offset the volume of available material, as PET producers maintained high operational rates. By the end of the quarter, PET prices in Indonesia had dropped from USD 829/MT in January to USD 790/MT, highlighting the prolonged bearish environment.

In Europe, Q1 2025 brought a mixed pricing scenario for PET, shaped by varying supply-demand dynamics throughout the quarter. Early January saw price declines spurred by sluggish demand in key sectors such as bottled beverages and food packaging. This trend was reinforced by cautious buying behavior following a period of pre-holiday stocking. Despite a relatively stable cost environment for PTA and MEG, limited demand and logistical challenges restricted price growth. February brought a brief reprieve, as rising production costs compelled manufacturers to implement upward pricing adjustments to safeguard margins. The onset of seasonal demand recovery offered modest support, although macroeconomic uncertainty and trade friction had limited immediate impact. March, however, ended with a slight decline in prices, reflecting the market’s overall hesitancy. A well-supplied market, consistent production rates, and steady demand kept the pricing landscape stable but unremarkable. Increased import volumes and restrained buying activities placed further pressure on sellers, leading to a marginal decrease in prices. The Netherlands stood out for its market variability, with prices settling at USD 1122/MT FD Rotterdam by quarter’s end.

In South America, PET prices followed a bullish path in January and February before easing in March. January’s strength stemmed from global shipping disruptions and supply-side concerns, particularly in Brazil, where logistical bottlenecks, manufacturing slowdowns, and limited MEG imports—caused by plant shutdowns in the U.S.—supported a price increase. February continued the upward momentum, driven by a temporary tightening in supply following maintenance work at Alpek’s Suape facility. An uptick in seasonal demand from the beverage and packaging industries also contributed, despite the broader economic challenges such as high inflation and weak consumer sentiment. However, March reversed this trend, with prices falling due to an oversupplied market and stagnant downstream demand. While feedstock costs remained stable, increased imports—enabled by lower shipping rates—saturated the market. As a result, Brazilian PET prices experienced notable fluctuations, closing Q1 at USD 1122/MT FOB Santos, slightly down from the February peak.

In the Middle East and Africa (MEA) region, the PET market maintained a bearish stance throughout Q1 2025, with prices declining steadily each month. January started on a relatively stable note, supported by consistent imports from Asia and balanced domestic demand from the beverage and packaging sectors. Feedstock costs, particularly MEG, remained steady, offering cost stability for producers. However, February marked the beginning of a downtrend, fueled by weakening global demand, reduced freight rates, and anticipatory stockpiling ahead of Ramadan. These factors led to an oversupplied market, with lower PTA and MEG prices allowing sellers to offer discounts. The bearish momentum intensified in March as high inventories, weak procurement interest, and a slowdown in Asian imports further strained market fundamentals. Additionally, falling global oil prices and reduced MEG costs narrowed producer margins, prompting price reductions across the region. Even the seasonal consumption uptick during Ramadan failed to revive the market meaningfully. By the end of March, PET prices in Saudi Arabia had declined by approximately 4.0% compared to the previous quarter, closing at USD 1,049/MT Ex-Riyadh.

Get Real time Prices for Polyethylene Terephthalate (PET): https://www.chemanalyst.com/Pricing-data/polyethylene-terephthalate-72

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