Polyethylene Terephthalate (PET) Prices Overview

Market Overview

Quarterly Update on Global Polyethylene Terephthalate (PET) Market 
For the Quarter Ending September 2020
Polyethylene Terephthalate (PET) supply across Asia was relatively stable in comparison to the previous quarter. Majority Chinese manufacturers maintained their production levels to cater to the surged demand for PET from India and other Asian countries. Whereas there were several manufacturers like Sanfame Group that maintained low operating rates amidst fears of ongoing demand uncertainties. During the initial days of Coronavirus outbreak, even though the demand was expected to increase in the bottled water and sanitizer demand, the demand in other applications such as packaging of fruit juice and carbonated soft drinks decreased. Asian production output of Polyethylene Terephthalate (PET) is expected to be relatively high in the Q4 as downstream industries are heard increasing their production to make up for the loss incurred in the previous quarter.  
North America
Polyethylene Terephthalate (PET) prices in North America were stable in Q3 due to healthy demand of virgin PET amidst its robust consumption in food and beverage industry. Thus, sales of PET resin in packaging of sanitizing and cleaning products were on boom in Q3. Bulk-buying of PET led to unseasonal demand in North America. Many buyers secured huge contracts at lower prices during September. In comparison to Q1 and Q2 where the demand level of the resins declined due to slow economic growth, US-China tariffs war and plunging oil prices, the demand reached stability in Q3 2020. It has also been observed that the consumer preference is shifting towards food and packaging industry following the requirement of untouched packaged food.
The third quarter Polyethylene Terephthalate (PET) demand in Europe witnessed comparatively priced imports. Countries like Italy and The Balkans received high PET imports in September and October. Weaker US dollar versus the euro and severe weather conditions in US derailed the prices of the raw material i.e., MEG. It was heard that Alpek Polyester UK is planning to shut its 150 KT/year PET plant. While major manufacturers of Polyethylene Terephthalate (PET) like JBF and Indorama Ventures were able to maintain high production levels. The Covid-19 pandemic has potentially boosted the demand of single use plastic packaging subsequently increasing the demand and prices of Polyethylene Terephthalate in Europe. 

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ChemAnalyst gathers information through primary research surveys conducted with various Polyethylene Terephthalate (PET) manufacturers, spread across the domestic and international markets, suppliers and dealers/distributors to gain insights into value-chains and demand-supply scenario to assess the market situation. Thorough study of the company’s annual reports and secondary sources such as exhaustive search on credible paid databases, including our internal database is done to verify the information. All the collected information is analyzed, evaluated and presented in chronological order to depict a meaningful and clear picture of the concerned market.
Our dedicated team of industry experts comprehensively monitors and analyzes various aspects of the Global Polyethylene Terephthalate (PET) market. The team analyzes various industrial segments, strategic viewpoints and provides an analysis of the industry’s performance in the long run. This would enable our clients in efficiently plan their future investments, mitigate risk, understand the cost dynamics and strike out a balance amidst market volatility.
Critical examination of the impact of COVID-19 pandemic on the global supply chains and shift in demand patterns with change in buying behavior of consumers across the globe.
Several ongoing development projects across industries are tracked, followed by the details of major projects in the development stage, which can positively or negatively influence Global Polyethylene Terephthalate (PET) market.
Pricing is captured through exhaustive primary interviews with domestic and international manufacturers, traders and importers and customers on weekly, monthly and yearly basis.

Finally, region-specific markets for Polyethylene Terephthalate (PET) are analyzed and region-wise demand pattern is tracked.


Polyethylene Terephthalate is one of the most important thermoplastic polymer resins of the polyester family due to its extraordinary properties like chemical resistance, transmissivity and, strong strength to weight ratio. It is manufactured through Mono ethylene glycol (MEG) and purified terephthalic acid (PTA) or dimethyl terephthalate (DMT). PTA is more commonly used for the manufacture of PET than DMT. With the help of an esterification system, the PTA is mixed with MEG in a catalyst solution to form the product. The major applications of Polyethylene Terephthalate (PET) are in bottling and packaging. PET resins can be broadly classified into bottle, film and fiber grade according to the downstream applications. Bottle grade resin is used in container and bottle packaging by blow molding and thermoforming. Fiber grade resin is used in manufacturing of polyester fiber, while film grade resin is used in flexible electrical packaging applications. The product can be used in machineries of 3D Printing, CNC Machining and Injection Molding.