During the early week of October 2025, prices for the Polyethylene Terephthalate (PET) experienced a diverging trend across the key global markets. PET prices in United States, witnessed a notable incline, In Europe, prices fluctuated within a narrow range only. While the PET prices across the Asian-Pacific and MEA markets showcased a stable trend. Price changes in PET are mainly attributed to the supply levels, feedstock costs, and the unsatisfactory demand conditions from the downstream market. Recent evolving trade issues, policy changes and regulation also impacting the market dynamics, influencing the reginal prices and supply dynamics during early week of October 2025.
In the United States market, prices for the PET inclined significantly by 2.55% during the early week. This is mainly due to the tight local supply coupled with the limited overseas imports, following the latest tariff on imported PET and rPET. As, on September 8, US authorities imposed a tariff on all imports for PET and rPET, to strengthen the domestic market. Although, the Prices for the key feedstock MEG declined by 5.68% during the week, weakening the production costs. While another, feedstock PTA prices remained stable.
Prices for the PET across the European market witnessed a steady trend with only marginal decline. In Germany, PET prices declined by 0.5% this week driven by the weak demand fundamentals across the domestic market due to the limited purchasing sentiments amidst the abundance of supply. Market participants revealed that, though the preference of virgin PET remains consistent rather than rPET. The declining trend could be also associated with the long demand weakness and low production costs. Key feedstock MEG and PTA prices declined this week, notably by 2.31% and 1.81%, respectively, weakening the production costs.
Across the Asian market, PET prices stayed stable during the week. Asian PET market remained steady during the week, due to the minimal fluctuations in feedstock costs and the demand softness. The downstream industries including bottle and beverages industries are holding ample material during the recent period and avoiding heavy procurements. Due to the tariff related uncertainties and the latest tariff on PET and rPET by the US administration has weaken the export business for the Asian market. As a result, seller chose to maintain the prices amidst the soft market conditions.
In the MEA market, PET prices remained stable due to the balanced supply and demand dynamics. The import prices remain steady at this time and the cost support from the feedstock side remained insufficient.
