During the early half of November 2025, prices for the Polyethylene Terephthalate (PET) witnessed a diverse price trend across the key global market. PET prices across US and APAC markets were bullish while European market experienced a bearish trend during the period. Supply-Demand dynamics, feedstock market and the seasonal conditions mainly shaped the prices across these markets.
In the United States, prices for the PET witnessed a bullish trend, with prices rose by 10.92% during the November H1. This is mainly due to the tight supply condition; limited availability of the inventory and uncertain outlook has emerged due to the implementation of new trade measures. Prices increased due to the steady demand as the downstream marketers have started procurement for the upcoming holidays consumption. Though the cost support from the feedstock market was insufficient as the PTA prices were stable while feedstock prices declined by 3.85% during the period.
Across the European market, PET prices witnessed a bearish tone in November 2025. In Germany, PET prices declined by 1.53%, due to the bearish market sentiments. Demand for the PET is largely weak during the period, restricting any cost-related support to the PET prices. However, the feedstock trend is moving upward across the market, but the weak demand conditions weigh on this trend. Key feedstocks, MEG and PTA prices inched up by 1.59% and 2.18% respectively. However, several manufacturing units across the European market have scheduled maintenance shutdowns in November 2025. These include Plastipak’s plant in Verbania, Italy; NOVAPET’s facility in Barbastro, Spain; and Polisan’s plant in Volos, Greece—all of which will undergo maintenance for the entire month of November 2025.
In the Asian Pacific market, prices for the PET witnessed a bullish price trend. PET prices rose by 2.04%, particularly in the Chinese market. This is mainly due to the significant cost support from the feedstock market. Prices for the key feedstock PTA rose by 1.98% during the period, as PTA supply has tightened recently due to a decline in domestic production, as several PTA plants have undergone scheduled maintenance shutdowns. Though another feedstock MEG prices remained bearish, declining by 1.79% during the period.
Supply for the PET was ample during the period. While some manufacturing units including Yisheng Petrochemical's plant located in Jiangyin, Jiangsu Province, underwent a scheduled maintenance shutdown. The shutdown was planned for the early 10 days, during which the active plant's capacity was 33,333 TPM out of 50,000 tons per month.
On the demand side, the PET industry is currently witnessing the seasonal off season where the procurement from the downstream market has turned thin due to the weather influence and the limited consumption in the beverages industries.
