For the Quarter Ending December 2025
North America
• In the USA, Polybutylene Adipate Terephthalate Price Index fell by 0.45% quarter-over-quarter, reflecting ample imports.
• The average Polybutylene Adipate Terephthalate price for the quarter was approximately USD 1544.67/MT reported nationally.
• Polybutylene Adipate Terephthalate Spot Price weakened; Price Index signalled oversupply amid steady imports, softening further.
• Polybutylene Adipate Terephthalate Price Forecast cautious, modest downside risk amid ample inventories easing feedstock costs.
• Polybutylene Adipate Terephthalate Production Cost Trend improved; adipic acid and 1,4-BDO softened, lowering cash costs.
• Polybutylene Adipate Terephthalate Demand Outlook steady; biodegradable packaging procurement remained predictable, preventing quarter-end inventory drawdowns.
• Inventory levels adequate in Los Angeles and Houston, tempering rallies despite occasional prompt cargo tightness.
• Export demand limited while transpacific freight volatility briefly increased landed-cost uncertainty for buyers and sellers.
Why did the price of Polybutylene Adipate Terephthalate change in December 2025 in North America?
• Ample imports and sufficient inventories overwhelmed demand, creating oversupply and exerting downward pressure on prices.
• Feedstock easing for adipic acid and 1,4-BDO reduced production costs, enabling sellers to lower offers.
• Normal logistics and steady freight after normalization allowed uninterrupted cargo flow, preventing immediate supply tightening.
APAC
• In Japan, the Polybutylene Adipate Terephthalate Price Index fell 7.32% quarter-over-quarter, pressured by Asian imports.
• The average Polybutylene Adipate Terephthalate price for the quarter was approximately USD 2894.00/MT nationwide levels.
• Abundant imports kept the Polybutylene Adipate Terephthalate Spot Price depressed, lowering the regional Price Index.
• Polybutylene Adipate Terephthalate Demand Outlook remained weak, and Polybutylene Adipate Terephthalate Price Forecast turned cautious.
• Declining adipic acid and 1,4-butanediol input rates improved Polybutylene Adipate Terephthalate Production Cost Trend modestly.
• High import volumes and steady domestic output pressured inventories, depressing Polybutylene Adipate Terephthalate Price Index.
• Domestic plants operated while competitive Chinese, Korean offers kept Polybutylene Adipate Terephthalate Spot Price low.
• Near-term Polybutylene Adipate Terephthalate markets remain oversupplied, with traders deferring purchases ahead of spring restocking.
Why did the price of Polybutylene Adipate Terephthalate change in December 2025 in APAC?
• Increased imports from China and South Korea flooded markets, raising inventories and pressuring domestic pricing.
• Falling feedstock prices for 1,4-butanediol and adipic acid reduced landed costs, enabling lower offers regionally.
• Seasonal December demand moderation and conservative procurement by converters limited offtake, reinforcing bearish market dynamics.
Europe
• In France, the Polybutylene Adipate Terephthalate Price Index fell by 0.1% quarter-over-quarter, driven by competition.
• The average Polybutylene Adipate Terephthalate price for the quarter was approximately USD 1509.67/MT as reported.
• French Polybutylene Adipate Terephthalate Spot Price remained range bound amid balanced inventories and muted speculative activity.
• Polybutylene Adipate Terephthalate Price Forecast signals modest softness driven by import arbitrage and cautious converter restocking.
• Polybutylene Adipate Terephthalate Production Cost Trend shows stable feedstock costs but higher energy elevated conversion economics.
• Polybutylene Adipate Terephthalate Demand Outlook stays stable supported by compostable packaging and agricultural film procurement patterns.
• The Polybutylene Adipate Terephthalate Price Index reflected premium versus northwest Europe due to policy-driven import dependence.
• Logistics and inventory dynamics pressured offers as port flows remained efficient, moderating short-term upward price pressure.
Why did the price of Polybutylene Adipate Terephthalate change in December 2025 in Europe?
• Competitive low-priced imports increased spot availability and pressured domestic offers across French ports in December.
• Stable feedstock pricing and lower freight rates reduced production cost pressures, enabling sellers to concede on pricing.
• Subdued downstream ordering ahead of holidays and sufficient inventories reduced buying urgency, reinforcing downside pressure.
For the Quarter Ending September 2025
North America
• In USA, the Polybutylene Adipate Terephthalate Price Index rose by 2.26% quarter-over-quarter in Q3 2025.
• The average Polybutylene Adipate Terephthalate price this quarter was approximately USD 1551.67/MT CFR Los Angeles.
• Polybutylene Adipate Terephthalate Spot Price remained stable as imports matched domestic production, maintaining inventory levels.
• Polybutylene Adipate Terephthalate Price Forecast indicates upside risk from freight volatility and seasonal prepackaging procurement.
• Polybutylene Adipate Terephthalate Production Cost Trend contained as BDO and adipic acid eased, PTA firmed.
• Polybutylene Adipate Terephthalate Demand Outlook remains supportive as mandates and buyer commitments sustain offtake broadly.
• Polybutylene Adipate Terephthalate Price Index stability reflected balanced inventories, long-term contracts and steady converter demand.
• Polybutylene Adipate Terephthalate Spot Price, logistics costs edged higher in September as importers frontloaded stock.
Why did the price of Polybutylene Adipate Terephthalate change in September 2025 in North America?
• Balanced domestic output and steady converter demand limited upward pressure despite freight and tariff fluctuations.
• Mixed feedstock movements eased production costs while PTA firmness partially offset savings, keeping margins stable.
• Inventory adequacy and long-term contracts reduced spot buying; import timing influenced short-term pricing marginally.
APAC
• In Japan, the Polybutylene Adipate Terephthalate Price Index fell by 2.74% quarter-over-quarter, reflecting mild oversupply.
• The average Polybutylene Adipate Terephthalate price for the quarter was approximately USD 3122.67/MT. reported regionally
• Polybutylene Adipate Terephthalate Spot Price stayed range-bound while the Price Index reflected inventory rebalancing dynamics.
• Polybutylene Adipate Terephthalate Production Cost Trend stayed subdued as adipic acid and BDO prices held.
• Polybutylene Adipate Terephthalate Demand Outlook remains steady, underpinned by regulatory mandates and packaging sector procurement.
• Polybutylene Adipate Terephthalate Price Forecast suggests near term range-bound movement, sensitive to sudden logistics disturbances.
• Export flows and inventory management limited downside pressure on the Polybutylene Adipate Terephthalate Price Index
• Domestic producers operated reliably, constraining volatility while spot enquiries supported Polybutylene Adipate Terephthalate Spot Price
Why did the price of Polybutylene Adipate Terephthalate change in September 2025 in APAC?
• Stable adipic acid and BDO supplies reduced production cost pressure, lowering Polybutylene Adipate Terephthalate prices.
• Steady domestic demand and imports created mild oversupply, weighing on Polybutylene Adipate Terephthalate Price Index.
• Logistics improvements reduced lead times, while policy procurement prevented declines in Polybutylene Adipate Terephthalate values.
Europe
• In France, the Polybutylene Adipate Terephthalate Price Index rose by 1.3% quarter-over-quarter, supported by demand.
• The average Polybutylene Adipate Terephthalate price for the quarter was approximately USD 1871/MT, FOB Marseille.
• Polybutylene Adipate Terephthalate Spot Price remained range bound as imports and domestic output balanced levels.
• Polybutylene Adipate Terephthalate Price Forecast shows movement driven by balanced fundamentals and mild upstream shifts.
• Polybutylene Adipate Terephthalate Production Cost Trend: slight BDO and PTA pressure offset by adipic supplies.
• Polybutylene Adipate Terephthalate Demand Outlook remains stable with consistent offtake from packaging and film sectors.
• Polybutylene Adipate Terephthalate Price Index stayed range bound with inventories near four weeks, limiting volatility.
• Export demand muted; ports operated normally despite EU customs checks and BDO outage tightening supply.
Why did the price of Polybutylene Adipate Terephthalate change in September 2025 in Europe?
• Balanced imports and domestic output kept supply stable, preventing upward pressure despite upstream cost increases.
• Temporary BDO unit outage and EU customs checks tightened short term availability, lifting spot premium.
• Stable downstream demand from packaging and film kept procurement predictable, limiting speculative buying and volatility.
For the Quarter Ending June 2025
North America
• The U.S. Polybutylene Adipate Terephthalate (PBAT) Price Index averaged USD 1530/MT, CFR Los Angeles during Q2 2025, down by 6% from Q1 2025, as early-quarter price falls were followed by stabilization and minor recovery in June with demand resilience.
• PBAT Price fell first in April as import demand weakened, inventories remained high, and Chinese-origin offers were softer, but rose in June when worldwide supply contracted and freight volatility influenced landed costs.
• The Demand Scenario for PBAT remained consistent, fueled by continued food-packaging, agriculture, and compost bag segments' consumption, despite general macroeconomic volatility and trade-related caution.
• PBAT Production Cost Trend remained mixed; while PTA saw upward movement in June, BDO and Adipic Acid were largely stable or softened, allowing U.S. producers and importers to manage margins without major price shocks.
• Imports from Asia remained reliable despite shifts in transpacific freight rates and tariff-related scheduling changes. Domestic producers like BASF and TotalEnergies Corbion maintained consistent output, helping support market balance.
• Trade tensions and reduced de minimis eligibility led to cautious procurement behavior in Q2, particularly for smaller converters, though this was offset by large buyers engaging in structured, forward-contract purchasing.
• Why will the price increase in July 2025?
The PBAT Price Forecast suggests a likely increase in July due to rising feedstock costs (especially PTA), restocking momentum, and reduced buffer inventories at converters after Q2’s controlled offtake.
• Overall, the North American PBAT Price Index reflected a mixed Q2 trend, with cost management, policy-driven demand, and trade dynamics jointly shaping a gradual recovery from early-quarter price pressure.
APAC
• The Polybutylene Adipate Terephthalate (PBAT) Price Index in China averaged USD 1435/MT, FOB Qingdao in Q2 2025, reflecting a 0.5% increase from Q1 2025, driven by firm domestic demand, seasonal restocking, and rising feedstock costs.
• PBAT Price trended upward during Q2 amid strong pull-through from sustainable packaging and agricultural film sectors, bolstered by regulatory enforcement of plastic bans and green procurement standards.
• The PBAT Demand Outlook remained robust, supported by China’s biodegradable mandates, a surge in e-commerce packaging needs, and broader adoption in compostable consumer goods and agri-inputs.
• PBAT Production Cost Trend showed mixed movement—while PTA and BDO prices rose, Adipic Acid saw intermittent declines; net impact raised production costs, prompting price increases to protect margins.
• Despite intermittent port congestion at Shanghai, Ningbo, and Qingdao due to fog and US-bound export spikes, PBAT supply remained steady with strong inland logistics and strategic inventory buffers.
• Environmental audits and temporary output adjustments added to domestic supply tightness, while rising global demand from Southeast Asia and Europe added export pressure, amplifying the Q2 upward price push.
• Why will the price increase in July 2025?
The PBAT Price Forecast anticipates further increases in July due to sustained demand from biodegradable e-commerce packaging and agriculture, rising PTA input costs, and delayed feedstock arrivals from port disruptions.
• Overall, the China PBAT Price Index in Q2 2025 reflected a cautiously bullish market, backed by regulatory-driven demand growth, modest cost inflation, and firm supply-demand alignment.
Europe
• Polybutylene Adipate Terephthalate (PBAT) Price Index in Germany declined 1.5% from Q1 2025 but showed an overall incline through Q2, with the quarterly average assessed at USD 1855/MT, FOB Hamburg, indicating a recovery in late May and June after early weakness.
• The PBAT Price experienced an initial dip in April due to subdued PBAT Demand Outlook in biodegradable packaging and agriculture, combined with logistical disruptions at Hamburg port and weak converter activity.
• As May progressed, restocking activity, supportive EU sustainability mandates, and seasonal demand from the food and agricultural sectors improved offtake, lifting the PBAT Price Index.
• A spike in PBAT Production Cost Trend—particularly due to rising prices of 1,4-Butanediol (BDO) and transport bottlenecks—led producers to pass through higher costs in mid-to-late Q2.
• By late June, despite summer procurement softness and rail closures, PBAT supply was managed efficiently through inventory planning, helping maintain pricing stability and prevent sharp declines.
• Competitive pressure from cheaper Asian PBAT imports was offset by local regulatory pull and structural support from Germany’s recycling infrastructure and compostability mandates.
• The PBAT Demand Outlook remained stable, driven by EU directives, compostable food packaging, and mulch film adoption, while innovations in recyclable bioplastics continued to support medium-term interest.
• PBAT Price Forecast for July 2025 suggests a further increase in the Price Index, driven by higher logistics costs from Hamburg rail outages, tight domestic delivery schedules, and expected procurement by converters ahead of potential holiday-linked disruptions in August.
• Rising feedstock costs and tighter freight availability are expected to raise prices further, reinforcing upward momentum into early Q3.
For the Quarter Ending March 2025
North America
In Q1 2025, the U.S. PBAT market experienced varied price movements shaped by demand shifts, supply dynamics, and broader economic factors. Prices began the quarter with a decline in early January due to slow post-holiday demand, increased production, and competition from conventional plastics.
By mid-January, prices rebounded as industrial activity resumed, raw material costs edged up, and sustainability-focused sectors boosted demand. Late January saw relative price stability, supported by improved logistics and steady inventory levels. February started with another dip in prices driven by oversupply, weak downstream consumption, and rising imports from lower-cost regions. A brief mid-month recovery reflected balanced supply and demand, although market sentiment remained cautious amid ongoing trade and economic uncertainty.
Toward month-end, prices softened further as seasonal slowdown and competitive pressures from imports weighed on the market. March brought stabilization as lower feedstock costs were offset by elevated energy and labor expenses. Despite weather-related supply chain disruptions, overall inventories were well-managed, and consistent demand from eco-conscious packaging sectors provided support. By the end of March, prices held steady at around USD 1550/MT, CFR Los Angeles, with market fundamentals indicating cautious optimism moving into the second quarter. Also, the prices of Q1 2025 declined by 0.5% as compared to previous quarter.
APAC
Polybutylene Adipate Terephthalate (PBAT) prices in the APAC region showed a mixed trend during Q1 2025. At the beginning of the quarter, prices in China remained stable due to balanced supply-demand dynamics and sufficient production capacity. However, by mid-January, prices began to decline slightly, influenced by seasonal demand slowdowns and increased supply from domestic producers. The Chinese New Year further disrupted supply chains, leading to cautious purchasing behavior and temporary price dips. In February, prices initially dropped due to weak foreign demand and trade uncertainties but rebounded later in the month, supported by post-holiday industrial recovery and rising demand from sustainable packaging sectors. The upward momentum was reinforced by tightening regional supply, particularly after LG Chem suspended its PBAT operations in South Korea. In March, prices stabilized as consistent demand from key sectors like compostable packaging and agricultural films balanced supply levels. Overall, despite some fluctuations, the market-maintained equilibrium by the end of the quarter, supported by stable raw material costs and government policies promoting biodegradable plastics. Thus, the quarter reflected both downward and upward pressures, ending with moderately firm pricing. Compared to previous quarter the prices declined by 2.6% in this quarter.
Europe
During Q1 2025, PBAT (Polybutylene Adipate Terephthalate) prices in Europe witnessed an overall declining trend. At the start of January, prices remained relatively stable, supported by consistent demand for sustainable packaging and steady raw material costs. Regulatory backing, particularly the EU’s Packaging and Packaging Waste Regulation (PPWR), continued to drive long-term interest in biodegradable alternatives like PBAT. However, from mid-January onwards, market dynamics began to shift. Seasonal demand fluctuations and economic uncertainty led to a softening in procurement from key sectors such as packaging and agriculture. Despite stable production and raw material availability, cautious buying behavior and sufficient inventories among end-users weighed on prices. As the quarter progressed, logistical challenges at major ports like Hamburg created inefficiencies, but did not cause major supply shortages. By March, weakening demand and reduced feedstock costs—especially for BDO and adipic acid—contributed to a notable price drop. Increased availability of imports further pressured the market. Overall, while long-term prospects for PBAT remain positive due to sustainability regulations, Q1 2025 was marked by declining prices driven by weak short-term demand and ample supply. Also, the prices of Q1 2025 declined by 1.3% as compared to previous quarter.
