For the Quarter Ending March 2026
Polyethylene Terephthalate Prices in North America
- In USA, the Polyethylene Terephthalate Price Index rose by 8.39% quarter-over-quarter, driven by logistics tightness.
- The average Polyethylene Terephthalate price for the quarter was approximately USD 1167/MT, reflecting stability regionally.
- Polyethylene Terephthalate Spot Price firmed as prompt availability tightened and buyers sought forward cover aggressively.
- Revised Polyethylene Terephthalate Price Forecast indicates further upside given sustained feedstock and freight pressures persisting.
- Polyethylene Terephthalate Production Cost Trend moved higher as MEG and PTA increases fed through margins.
- Polyethylene Terephthalate Demand Outlook remains steady with beverage bottlers restocking cautiously ahead of quarter demand.
- Polyethylene Terephthalate Price Index showed increased volatility in March as logistical delays tightened physical availability.
- Inventories tightened regionally while major plants maintained operations, limiting immediate supply response and supporting prices.
Why did the price of Polyethylene Terephthalate change in March 2026 in North America?
- March crude and PTA cost escalation increased production costs, pressuring margins and prompting seller pass-through.
- Port congestion, higher freight charges and insurance premiums tightened prompt availability and increased delivered costs.
- Buyers accelerated hedging and selective restocking amid uncertainty, amplifying short-term demand and straining prompt markets.
Polyethylene Terephthalate Prices in APAC
- In Japan, the Polyethylene Terephthalate Price Index rose by 18.19% quarter-over-quarter, driven by constrained feedstock flows.
- The average Polyethylene Terephthalate price for the quarter was approximately USD 942.33/MT, reflecting elevated import costs.
- Polyethylene Terephthalate Spot Price tightened as regional suppliers curtailed allocations amid maintenance and elevated feedstock costs.
- Polyethylene Terephthalate Price Forecast shows near-term firmness through March driven by logistics premiums and energy inflation.
- Polyethylene Terephthalate Production Cost Trend accelerated as PTA, MEG and naphtha price spikes pushed expenses higher.
- Polyethylene Terephthalate Demand Outlook remains robust as beverage and packaging restocking sustains export offtake regionally.
- Price Index dynamics reflected buyers' limited resistance amid tight prompt supply and elevated insurance premiums.
- Tight terminal inventories and higher freight costs compressed arbitrage, compelling Japanese buyers to accept firmer CFR values.
Why did the price of Polyethylene Terephthalate change in March 2026 in APAC?
- Escalated Middle East hostilities lifted crude prices, increasing PTA and naphtha costs pressuring PET margins.
- Strait disruptions boosted freight premiums and voyage durations, reducing prompt availability and elevating landed costs.
- Scheduled PTA and MEG turnarounds suppressed regional exports, narrowing offers, forcing buyers into costlier purchases.
Polyethylene Terephthalate Prices in Europe
- In Germany, the Polyethylene Terephthalate Price Index rose by 7.76% quarter-over-quarter, driven by feedstock pressure.
- The average Polyethylene Terephthalate price for the quarter was approximately USD 1056.00/MT, FD Hamburg assessment.
- Polyethylene Terephthalate Spot Price firmed in March amid constrained imports, elevated freight and insurance premiums.
- Polyethylene Terephthalate Price Forecast indicates short term firmness as restocking and feedstock pass-through persist now.
- Polyethylene Terephthalate Production Cost Trend rose as MEG and PTA increased amid crude energy volatility.
- Polyethylene Terephthalate Demand Outlook remains mixed with seasonal beverage weakness yet precautionary buying supporting volumes.
- Polyethylene Terephthalate Price Index volatility rose as a major producer declared force majeure, tightening supply.
- Inventory buffers limited earlier, but sudden panic buying and export demand tightened domestic spot volumes.
Why did the price of Polyethylene Terephthalate change in March 2026 in Europe?
- Supply constraints from Middle East conflict elevated freight charges, insurance premiums, and extended transit times.
- Rising MEG and PTA costs pressured margins, prompting sellers to harden offers and reduce volumes.
- Precautionary buying by converters and force majeure drained spot liquidity, amplifying short-term upward price pressure.
Polyethylene Terephthalate Prices in MEA
- In Saudi Arabia, the Polyethylene Terephthalate Price Index fell by 0.44% quarter-over-quarter, reflecting balanced supply.
- The average Polyethylene Terephthalate price for the quarter was approximately USD 986.67/MT, reported overall stable.
- Polyethylene Terephthalate Spot Price showed firmness in March as freight disruption tightened availability for buyers.
- The Polyethylene Terephthalate Price Forecast anticipates short-term volatility from geopolitical transit risks and Ramadan demand.
- Rising feedstock and energy costs shifted the Polyethylene Terephthalate Production Cost Trend, pressuring producer margins.
- Polyethylene Terephthalate Demand Outlook remains supportive as bottler restocking and export enquiries sustain regional offtake.
- Elevated inventories tempered the Polyethylene Terephthalate Price Index while export demand absorbed some available volumes.
- Major domestic producers sustained high run-rates, limiting tightness and keeping the product Price Index contained.
Why did the price of Polyethylene Terephthalate change in March 2026 in MEA?
- Geopolitical disruptions and Strait of Hormuz rerouting increased transit times, tightening spot availability across markets.
- Rising MEG and PTA feedstock and higher freight insurance raised production delivery costs, pressuring prices.
- Seasonal Ramadan procurement and bottler restocking increased short-term offtake, amplifying upward pressure on spot markets.
Polyethylene Terephthalate Prices in South America
- In Brazil, the Polyethylene Terephthalate Price Index rose 7.54% quarter-over-quarter, driven by freight and feedstock
- The average Polyethylene Terephthalate price for the quarter was approximately USD 1193.33/MT, FOB Santos assessments.
- Polyethylene Terephthalate Spot Price jumped March, constrained imports and freight inflation lifting the Price Index.
- Polyethylene Terephthalate Production Cost Trend firmed as MEG and PTA costs rose amid elevated crude.
- Polyethylene Terephthalate Demand Outlook remained supportive from beverage and packaging restocking ahead of peak demand.
- Polyethylene Terephthalate Price Forecast indicates upward bias in March due to logistics and feedstock pressures.
- Regional buying and arbitrage elevated the Polyethylene Terephthalate Price Index as import parity became uncompetitive.
- Domestic integrated producer operated locally, keeping inventories balanced and moderating volatility in Polyethylene Terephthalate supply.
Why did the price of Polyethylene Terephthalate change in March 2026 in South America?
- Constrained imports and freight inflation raised import parity, reducing volumes and prompting price increases.
- Rising MEG and PTA costs from crude spikes pushed production costs higher, pressuring domestic pricing.
- Panic buying and higher insurance premiums incentivized short-term stocking, amplifying immediate pressure on local markets.
For the Quarter Ending December 2025
Polyethylene Terephthalate Prices in North America
- In USA, the Polyethylene Terephthalate Price Index rose by 4.63% quarter-over-quarter, reflecting stronger downstream ordering and inventory tightening.
- The average Polyethylene Terephthalate price for the quarter was approximately USD 1076.67/MT, as reported by market sources.
- Polyethylene Terephthalate spot prices firmed, supported by constrained prompt availability, lifting the Price Index despite adequate feedstock supply.
- Demand outlook improved, with selective restocking from beverage and packaging sectors ahead of seasonal consumption peaks.
- Tightened inventories and customs-related frictions supported the Price Index, limiting arbitrage opportunities and strengthening domestic spreads.
- Port logistics variability and warehouse congestion intermittently constrained availability, reinforcing spot price firmness even as production remained steady.
- The near-term PET price forecast points to controlled volatility, driven by seasonal buying interest and tariff-influenced import flows.
Why did the price of Polyethylene Terephthalate change in December 2025 in North America?
- Limited prompt inventories and stronger beverage sector orders tightened supply, elevating prompt values in the quarter.
- Stable MEG and PTA costs limited upstream cost support, while longer customs processes increased effective landed costs.
- Tariff measures and import routing friction reduced cheap cargo availability, narrowing arbitrage and supporting domestic pricing.
Polyethylene Terephthalate Prices in APAC
- In Japan, the Polyethylene Terephthalate Price Index fell by 2.21% quarter-over-quarter, citing muted downstream demand.
- The average Polyethylene Terephthalate price for the quarter was approximately USD 797.33/MT, reflecting subdued buying.
- Polyethylene Terephthalate spot prices stayed range-bound with a softer undertone, as balanced supply and easing feedstock limited sellers’ upside.
- The PET price forecast remains cautious, with only limited near-term support from seasonal restocking and brief logistics tightness.
- Production cost pressures stayed muted, as MEG prices softened and PTA remained relatively steady, weakening cost-push support.
- Demand outlook remained subdued, with beverage and packaging sectors maintaining conservative procurement behaviour.
- Inventory accumulation and export headwinds weighed on the PET Price Index, constraining spot liquidity and keeping offers under pressure.
- Steady operating rates ensured steady supply, while intermittent port congestion was insufficient to offset the broader bearish market tone.
Why did the price of Polyethylene Terephthalate change in December 2025 in APAC?
- Balanced supply and inventories limited upward pressure while downstream buyers remained conservative during year-end holidays.
- Soft production prices suppressed cost pass-through, reducing impetus for Polyethylene Terephthalate price increases.
Polyethylene Terephthalate Prices in Europe
- In Germany, the Polyethylene Terephthalate Price Index fell by 9.65% quarter-over-quarter, reflecting subdued demand and ample supply.
- The average Polyethylene Terephthalate price for the quarter was approximately USD 980.00/MT, reported across German FD Hamburg.
- Polyethylene Terephthalate spot prices softened through the quarter, with the Price Index reflecting persistent seasonal headwinds and logistical constraints.
- Production cost pressures remained muted, as easing PTA and MEG failed to lift prices.
- Demand outlook remained subdued, with lower beverage sector activity and cautious converter buying limiting market momentum.
- Inventory builds and constrained export gate operations pressured the Price Index, tightening regional availability despite overall ample supply.
- German production lines operated near nameplate rates, with domestic operational stability limiting supply shocks and keeping short-term volatility contained.
- Price forecast points to only a mild early-2026 recovery, driven by seasonal restocking, with broader upside constrained.
Why did the price of Polyethylene Terephthalate change in December 2025 in Europe?
- Holiday-driven beverage sector drawdowns were limited, and distributor inventories remained adequate, reducing upward price momentum.
- Port congestion and import delays had minimal impact, as regional production and overall inventories were sufficient to keep the market broadly balanced, restraining spot price gains.
Polyethylene Terephthalate Prices in MEA
- In Saudi Arabia, the Polyethylene Terephthalate Price Index fell by 2.62% quarter-over-quarter, driven by ample imports.
- The average Polyethylene Terephthalate price for the quarter was approximately USD 991.00/MT, market reporting confirmed.
- Polyethylene Terephthalate spot prices remained under pressure, anchored by steady domestic output and consistent import flows, limiting arbitrage opportunities.
- Imports from the Asian market at competitive prices increased, adding further pressure on local spot levels.
- The near-term price forecast stays range-bound, supported by balanced supply and muted seasonal demand.
- Production cost trends softened, as easing MEG and crude benchmarks reduced upward pressure on prices.
- Cautious demand from converters restrained spot buying, encouraging formula-based transactional procurement.
- Price Index stability reflected high plant run-rates, ample inventories, and smooth port operations, keeping prices contained.
- Export discounts from APAC and freight volatility further pressured local pricing, extending the negative momentum of the Price Index.
Why did the price of Polyethylene Terephthalate change in December 2025 in MEA?
- Cheap overseas imports and insufficient cost support limited upward growth.
- Limited downstream restocking and year-end destocking restricted demand, amplifying sensitivity to import-driven price competition regionally.
Polyethylene Terephthalate Prices in South America
- In Brazil, the Polyethylene Terephthalate Price Index rose by 4.82% quarter-over-quarter, reflecting tighter prompt availability.
- The average Polyethylene Terephthalate price for the quarter was approximately USD 1109.67/MT, reflecting steady operations.
- Polyethylene Terephthalate spot prices stayed elevated, supported by constrained prompt availability and logistics-related spot premiums.
- Demand outlook remained seasonally firm, driven by beverage and packaging restocking ahead of the holiday season.
- Inventory draws and prioritized contract shipments limited prompt availability, keeping the Price Index supported.
- Export demand remained modest, but intermittent port delays tightened local supply, reinforcing upward price pressure.
- Price forecast points to modest upside, especially if port congestion continues and seasonal restocking gains momentum.
Why did the price of Polyethylene Terephthalate change in December 2025 in South America?
- Port congestion and adverse weather tightened prompt availability, reducing supply and elevating domestic Price Index.
- Export disruptions and inventory drawdowns ahead of seasonal buying tightened availability, elevating spot interest and seller leverage.
For the Quarter Ending September 2025
Polyethylene Terephthalate Prices in North America
- In the USA, the Polyethylene Terephthalate Price Index fell by 9.71% quarter-over-quarter due to oversupply.
- The average Polyethylene Terephthalate price for the quarter was approximately USD 1029/MT FAS Houston data.
- Polyethylene Terephthalate Spot Price weakened as low-cost imports undercut domestic offers, flattening market activity.
- Near-term Polyethylene Terephthalate Price Forecast indicates limited upside, with persistent import competition and inventory headwinds.
- Polyethylene Terephthalate Production Cost Trend remained contained due to stable PTA and modest MEG movements.
- Polyethylene Terephthalate Demand Outlook remains weak as beverage sector offtake disappointed despite seasonal expectations overall.
- High inventories and competitive imports pressured the Polyethylene Terephthalate Price Index, limiting sellers' margin recovery.
Why did the price of Polyethylene Terephthalate change in September 2025 in North America?
- Ample domestic and imported supply exceeded subdued seasonal offtake, producing downward pressure on realized prices.
- Insufficient cost pressure from the feedstock.
- Crude oil fluctuations, Port congestion, dwell variability and tariff shifts created uncertainty, prompting buyer caution and suppressing demand.
Polyethylene Terephthalate Prices in APAC
- In Japan, Polyethylene Terephthalate Price Index rose by 3.08% quarter-over-quarter, supported by strong domestic demand.
- The average Polyethylene Terephthalate price for the quarter was approximately USD 815.33/MT, per Tokyo CFR.
- Polyethylene Terephthalate Spot Price remained range-bound amid balanced supply and moderate bottler purchases limiting upside.
- Polyethylene Terephthalate Price Forecast indicates near-term stability as inventories cushion demand fluctuations and restocking cautious.
- Polyethylene Terephthalate Production Cost Trend softened as MEG eased while PTA stayed steady, reducing pressure.
- Polyethylene Terephthalate Demand Outlook remains muted, beverage sector procurement moderate amid elevated finished-goods inventories continuing.
- Polyethylene Terephthalate Price Index volatility was muted as freight eased and logistics remained manageable thus.
- Abundant inventories and softer export offtake pressured spot markets, prompting producer curtailments to rebalance supply.
Why did the price of Polyethylene Terephthalate change in September 2025 in APAC?
- Softening feedstock costs, reduced production costs, partially offsetting domestic demand pressures marginally.
- Robust domestic beverage consumption and inventory restocking increased local offtake, supporting short-term price resilience slightly.
- Easing inter-Asia freight rates and manageable logistics reduced import costs, moderating upward pressure on offers.
Polyethylene Terephthalate Prices in Europe
- In Germany, the Polyethylene Terephthalate Price Index fell by 1.72% quarter-over-quarter, reflecting softer demand conditions.
- The average Polyethylene Terephthalate price for the quarter was approximately USD 1084.67/MT, reflecting spot activity.
- European Polyethylene Terephthalate Spot Price softened as Price Index reflected ample supply and weak trade.
- Polyethylene Terephthalate Price Forecast indicates modest downside risk near term without stronger converter restocking soon.
- Polyethylene Terephthalate Production Cost Trend eased as MEG weakness partly offset stable PTA, compressing margins.
- Polyethylene Terephthalate Demand Outlook remains soft; converters limit purchases, prioritising immediate volumes over strategic restocking.
- Inventory overhang and competitive Asian offers pressured the Polyethylene Terephthalate Price Index, prompting seller discounts.
- Plant turnarounds and port congestion intermittently tightened availability while logistics variability disrupted deliveries and scheduling.
Why did the price of Polyethylene Terephthalate change in September 2025 in Europe?
- Abundant supply and completed maintenance cycles increased available volumes, suppressing spot buying and weighing on Price Index.
- Weak feedstock market reduced production costs, encouraging sellers to lower offers and pressure margins.
- Weak downstream demand and cautious converter procurement limited offtake, reinforcing bearish sentiment and subdued trading.
Polyethylene Terephthalate Prices in MEA
- In Saudi Arabia, the Polyethylene Terephthalate Price Index rose by 0.20% quarter-over-quarter, driven by import and feedstock pressures.
- The average Polyethylene Terephthalate price for the quarter was approximately USD 1017.67/MT, supported by steady import flows and inventories.
- Polyethylene Terephthalate Spot Price remained range bound as balanced Asian imports and domestic production maintained consistent supply.
- PET Price Index movements reflected steady consumption from beverage and packaging sectors amid cautious buyer behaviour and inventory cushions.
- Polyethylene Terephthalate Demand Outlook appears cautious with downstream converters deferring large purchases amid geopolitical uncertainty, ample stocks and uncertain crude oil price.
- Polyethylene Terephthalate Price Forecast signals modest volatility potential from Asian export offer revisions and seasonal packaging demand changes.
- PET market stability was also supported by efficient port throughput, steady plant operating rates, and limited short-term supply disruptions.
Why did the price of Polyethylene Terephthalate remain steady in September 2025 in MEA?
- Asian export offers softened as feedstock-driven production costs eased, reducing import values and local price support.
- Domestic inventories were ample while downstream consumption stayed moderate, lowering urgency for restocking and capping upward pressure.
Polyethylene Terephthalate Prices in South America
- In Brazil, the Polyethylene-Terephthalate Price Index fell by 9.8% quarter-over-quarter, reflecting weak demand conditions recently overall.
- The average Polyethylene-Terephthalate price for the quarter was approximately USD 1058.67/MT, indicating subdued quarterly levels.
- Polyethylene-Terephthalate Spot-Price weakened as discounts and imported volumes pressured domestic spot market activity significantly recently.
- Polyethylene-Terephthalate Price-Forecast remains cautious with projected range-bound moves amid inventory uncertainty and restrained buying persistently.
- Polyethylene-Terephthalate Production-Cost-Trend weakened coupled with the low cost support from the feedstock market.
- Polyethylene-Terephthalate Demand Outlook remained weak with beverage and packaging procurement remaining cautious and conservative behavior.
- Inventory overhang and steady plant run-rates kept PET prices under pressure despite logistics conditions persistently.
- Export interest was limited while domestic sellers offered discounts to clear stock and maintain cashflow.
Why did the price of Polyethylene-Terephthalate change in September 2025 in South-America?
- Persistent oversupply and high inventories reduced spot demand, pressuring September prices despite steady production economics.
- Competitive imported cargoes and discounted offers constrained domestic sellers, reinforcing downward pressure on Price-Index levels.
- MEG cost softness limited production cost pressures while weak downstream offtake and procurement suppressed buying.
For the Quarter Ending June 2025
Polyethylene Terephthalate Prices in North America
- North American Polyethylene Terephthalate (PET) Price registered a bearish trend in the Q2 2025 especially in the US market where it declined by 5.7%, settling at USD 1117/MT FAS Houston in June.
- The bearish price trajectory stemmed from soft downstream demand, weak feedstock costs, and elevated inventory levels.
- Supply remained ample, supported by consistent domestic production, proactive Q1 restocking, and Q-o-Q surge in PET imports—primarily from South Korea, Taiwan, and Mexico. The resumption of operations at Formosa and Nan Ya Plastics further improved supply-side balance.
- Feedstock costs trended neutral to soft; MEG prices declined in April and May due to oversupply but rebounded marginally in June amid tight availability. PTA values showed minimal fluctuation, limiting upward cost pressure.
- Demand from packaging and bottling sectors was steady but uninspiring, as cautious consumer sentiment, persistent inflationary pressures, and elevated interest rates constrained downstream procurement activity.
Why did the price of PET change in July 2025 in the US?
- In July 2025, the Polyethylene Terephthalate (PET) Price Index in the US declined due to persistently weak spot import demand and intensified competition from low-cost international suppliers.
- The PET Production Cost Trend remained stable, with unchanged feedstock MEG and PTA prices offering no cost-driven price support.
- The PET Price Forecast suggests continued downward movement, as surplus inventories, strategic buying behavior, and aggressive overseas offers—especially from Turkey and Vietnam—exert pressure on domestic market valuations.
Polyethylene Terephthalate Prices in APAC
- APAC Polyethylene Terephthalate (PET) prices declined during the Q2 2025 especially in the Indonesian market where it declined by 3.4%, settling at USD 763/MT CFR Tanjung Priok in June.
- The bearish quarterly trend stemmed from persistent supply overhang, soft demand from packaging and beverage segments, and subdued international inquiries, particularly during April and early May.
- High inventory levels, stable imports from major Asian producers, and consistent operating rates in China ensured supply continuity, despite minor plant turnarounds and upstream feedstock volatility.
- PET prices dipped to a quarterly low of USD 710/MT in late April due to aggressive overseas offers, falling MEG and PTA costs, and limited downstream procurement amid weak consumer sentiment and inflationary pressure.
- While seasonal summer demand led to a brief rebound in late May—pushing prices to USD 760/MT—procurement remained cautious, and the rally was tempered by high finished goods inventory and restricted restocking.
- Despite localized gains in June, tepid macroeconomic indicators and persistent supply-demand demand capped any sustained recovery, cementing a net price decline across Q2 2025.
Why did the price of PET change in July 2025 in the APAC region?
- In July 2025, the Polyethylene Terephthalate (PET) Price Index in the Asian market, witnessed a steady decline due to soft market fundamentals and high material availability.
- The PET Production Cost Trend remained weak, as feedstock prices declined in tandem with bearish upstream crude oil benchmarks, while inventory accumulation compelled producers to cut operating rates.
- The PET Price Forecast reflects continued downward pressure, driven by muted downstream demand, ample regional supply, weather-related logistics disruptions, and a cautious procurement environment across key APAC hubs.
Polyethylene Terephthalate Prices in Europe
- European Polyethylene Terephthalate (PET) Price witnessed a bearish trend during the Q2 2025 especially in the Netherlands where it declined by 4.1%, settling at USD 1076/MT FD Rotterdam in June.
- The overall bearish pricing trend was driven by subdued demand, high inventory levels, and increased competition from recycled PET (r-PET), which continued to erode virgin PET market share amid EU sustainability mandates.
- PET prices opened at USD 1120/MT in early April, then declined steadily across May due to weak offtake from preform and packaging sectors, high pre-built inventories, and persistent port congestion at key Northern European terminals such as Rotterdam, Antwerp, and Hamburg.
- Downstream sentiment was cautious throughout the quarter. Consumer demand lagged behind expectations, while bottlers and converters adopted a wait-and-watch strategy, leading to lower procurement intensity and downward pricing pressure.
- Despite limited price recovery in June—driven by seasonal beverage demand, tight MEG supply from the U.S., and logistical delays—quarterly prices remained lower on average due to earlier declines.
- Virgin PET retained preference over r-PET in several downstream segments, due to lower volatility, performance consistency, and reduced-price premium, but the overall demand recovery was modest.
Why did the price of PET change in July 2025 in the European region?
- In July 2025, the Polyethylene Terephthalate (PET) Price Index in Europe rose moderately, supported by seasonal temperature-driven demand for bottle-grade applications and increased preform procurement.
- The PET Price Forecast reflects cautious optimism, with warmer weather, forward-buying for Q3 and Q4, and manageable supply dynamics sustaining mild upward pressure on PET valuations across key European hubs.
Polyethylene Terephthalate Prices in MEA:
- Polyethylene Terephthalate (PET) Price declined during the Q2 2025 especially in Saudi Arabian market where it declined by 3.2%, settling at USD 1015/MT Ex-Riyadh in June.
- • The bearish price trajectory was driven by subdued feedstock costs (MEG and PTA), ample inventories, and soft international quotations, particularly from Asian exporters such as China and South Korea.
- • PET prices fell in early April to mid-May, amid aggressive Chinese offers and excess global production capacity. Stable domestic production and sustained import inflows supported oversupply conditions.
- • Weakened demand post-Eid and post-Hajj, coupled with cautious procurement sentiment, further limited upward price movement through May, despite pre-holiday restocking activity.
- • Downstream demand from the bottled water and beverage sectors held steady, buoyed by rising summer temperatures. Nonetheless, high pre-Hajj inventory accumulation resulted in moderated offtake by late June.
Why did the price of PET change in July 2025 in the MEA region?
- In July 2025, the Polyethylene Terephthalate (PET) Price Index in the Middle East and Africa (MEA) region declined, primarily due to an influx of competitively priced imports from Asia.
- The PET Production Cost Trend weakened as feedstock values dropped in response to bearish upstream crude oil benchmarks, prompting Asian producers to cut run rates amid rising inventories.
Polyethylene Terephthalate Prices in South America
- Polyethylene Terephthalate (PET) Price declined in the South American market during Q2 2025 especially in Brazil where it declined by 5.3%, settling at USD 1152/MT FOB Santos in June.
- • The bearish trend was driven by weak downstream demand, subdued international trade flows, and ample inventories.
- Supply remained steady across the quarter, supported by stable domestic production and consistent imports, particularly from the U.S. and Asia.
- Feedstock costs were largely bearish—MEG prices dropped early in the quarter, with limited movement in PTA—helping maintain low production costs. Even late-quarter MEG rebounds failed to influence pricing significantly.
- Demand from downstream packaging and bottling sectors was muted, with buyers adopting cautious procurement strategies amid macroeconomic uncertainty and subdued consumer activity.
Why did the price of PET change in July 2025 in the South America region?
- In July 2025, the Polyethylene Terephthalate (PET) Price Index in South America declined due to weak domestic demand and increased competition from low-cost imports.
- The PET Production Cost Trend remained neutral, with steady feedstock MEG and PTA prices offering limited cost-driven support.
- The PET Price Forecast indicates continued bearish pressure, as global PET demand softened and subdued downstream procurement activity persisted across the Brazilian market.
