Polyethylene Terephthalate (PET) in the USA moved higher in early May as balanced inventories aligned with a seasonal lift from beverage bottlers, signaling constructive but orderly demand. The market tone remained steadier after the late-April upcycle, with buyers pursuing functional procurement rather than broad restocking. Imports from overseas markets including Mexico and Asian market arrived on schedule, keeping channels open even as upstream cost pressures from crude-linked feedstock tightness kept sellers cautious. The broader trend was an upward tilt into peak season, aided by mixed demand across end markets. Bottle-grade PET benefited from advancing bottling schedules, while other segments including thermoformed trays and food-packaging demand held steady; converters and brand owners remained conservative to meet recycled-content targets, limiting speculative buying. The April reference and subsequent spot activity point to an ongoing, but not explosive, uplift—roughly mid-teens uplift—through May. Key risks include energy-cost sensitivity and possible shifts in feedstock availability or freight routes, underscoring the need for flexible, forward-looking purchasing.
