Polyethylene Terephthalate (PET) prices witnessed a divergent price trend across the key global market during the early half of October 2025. This is mainly due to the significant supply demand gap across the market, production costs and the potential trade shift. PET prices across the key markets including Europe, Asian-Pacific and MEA experienced a declining trend during the period supported by the high supply, low production costs and the unsatisfactory demand conditions. Feedstock market experienced a notable decline across this market driven by the weak upstream crude oil prices, influencing the prices of its downstream value chains including PET. EIA reported a consecutive decline in crude oil prices during the early two weeks of October 2025. OPEC+ plan to rise production and the rising supply of crude oil from Iraq region, have added the negative pressure across global crude oil market. While PET prices across the US market improved during the period.
