U.S. benchmark and international crude benchmarks both fell as investors took profits following prior gains on the announcement of sweeping new U.S. sanctions targeting Iran. The 'Operation Economic Outcast' campaign imposes global sanctions with no exemption for China, creating uncertainty around Iranian oil flows. Prices remain volatile as markets assess whether the sanctions will successfully isolate Iran's energy sector or be circumvented.
Crude oil futures firmed amid firm spot demand, with both major global benchmarks edging higher in trade. Increased positioning by market participants reflected continued underlying demand support.
| Product | Region | Incoterm Basis | Price | Last Updated Month |
|---|---|---|---|---|
| Polyethylene Terephthalate (PET) | China | FOB | USD 1,081.00/MT | July 2026 |
| Polyethylene Terephthalate (PET) | India | CIF | USD 1,187.81/MT | July 2026 |
| Polyethylene Terephthalate (PET) | Germany | CIF | USD 1,214.63/MT | July 2026 |
| Polyethylene Terephthalate (PET) | Australia | CIF | USD 1,179.46/MT | July 2026 |
| Polyethylene Terephthalate (PET) | Brazil | CIF | USD 1,252.61/MT | July 2026 |
| Polyethylene Terephthalate (PET) | China | FOB | USD 1,177.78/MT | June 2026 |
| Polyethylene Terephthalate (PET) | India | CIF | USD 1,265.32/MT | June 2026 |
| Polyethylene Terephthalate (PET) | Germany | CIF | USD 1,299.26/MT | June 2026 |
| Polyethylene Terephthalate (PET) | Australia | CIF | USD 1,243.86/MT | June 2026 |
| Polyethylene Terephthalate (PET) | Brazil | CIF | USD 1,349.38/MT | June 2026 |
Stay updated with the latest Polyethylene Terephthalate (PET) prices, historical data, and tailored regional analysis
Asia
In China, Polyethylene Terephthalate (PET) softened to about USD 1,178/MT in June 2026, down from around USD 1,324/MT in May 2026. Asian PET conditions were relatively weak during January and February as beverage and packaging demand remained subdued and buyers purchased mainly against immediate requirements. The market turned higher from March as disruptions to Middle Eastern crude supplies increased production costs, freight expenses and concerns over resin availability. Precautionary buying kept the market firm through April and early May. By June, improved feedstock availability, need-based procurement and accumulated inventories gave way to correction in the prices which was roughly 11% from May to June. Indian Polyethylene Terephthalate (PET) eased to approximately USD 1,265/MT in June 2026, a decline of about 9% from close to USD 1,391/MT in May 2026. India followed the same cost-led rise and subsequent easing as seen in the Chinese markets.
Europe
Germany saw Polyethylene Terephthalate (PET) retreat to roughly USD 1,299/MT in June, down around 8.3% from about USD 1,417/MT in May 2026. European PET began H1 under pressure from weak consumption and competitive imports before feedstock and logistics disruptions triggered a sharp rally from March. Supply problems at regional plants reinforced tightness, while buyers accumulated material during March and April. By May, import competition increased and converters became reluctant to replenish expensive stocks. Weak beverage and packaging demand then accelerated the June correction as delayed imports arrived and upstream pressure eased.
North America
North American PET followed a similar pattern, with relatively balanced conditions early in H1 followed by a sharp March-April increase driven mainly by freight and global supply disruptions. Higher virgin resin costs encouraged greater interest in recycled PET, but this shift reflected substitution rather than strong end-user consumption. By June, high inventories and weaker purchasing reduced supplier leverage.
Analyst Insight
According to Procurement Resource, PET prices are expected to remain soft to stable as feedstock availability improves and inventories remain adequate, although renewed supply disruptions could quickly tighten the market.
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Asia
In Q4’25, the price of Polyethylene Terephthalate (PET) resin in Asia was mostly stable but with a weak undertone. The demand for bottle, beverage, and packaging materials was weak as many converters were holding adequate inventory and were not buying in excess. The exports were slow due to trade tensions and issues faced with regard to tariffs, especially with the U.S. market. On the supply side, the inventory was comfortable with stable operating rates. The prices of feedstocks were somewhat positive for PET resins, though the trend for Monoethylene Glycol and Purified Terephthalic Acid was not robust enough to support prices. In short, the Asian PET market was range-bound during Q4’25. In China, the prices settled at around 827 USD/MT (Spot FD) towards the end of said quarter.
Europe
In the European market, PET prices remained stable to slightly lower in Q4’25. The demand from the packaging and industrial segments remained lower than normal, and the buyers purchased only for their current requirements. The preference for virgin PET over recycled PET grades continued in some regions due to cost reasons. The import supply remained adequate, and as such, there was no tightness in the market. The costs of feedstock were slightly lower, which eased the pressure on production but also eliminated the strong support from costs. The recycled PET market also remained under additional pressure due to the drop in bale and flake prices owing to slow year-end demand.
North America
In the North American region, the prices of PET were firm in Q4’25 compared to the rest of the world. At the beginning of the quarter, the local prices in the region rose because of local supply constraints and the imposition of tariffs on imported PET and recycled material. The lack of overseas arrivals contributed to the firming trend, despite the fall in the cost of the feedstock required for the production of PET, i.e., Monoethylene Glycol. At the end of the quarter, the prices were steady, with buyers remaining cautious while negotiating the prices for the next quarter.
Polyethylene Terephthalate, abbreviated as PET, is one of the most common types of thermoplastic polymer resins. It belongs to the polyester family like PVC. It is mostly utilised in the production of fibres for clothing, and containers for foods and beverages. PET has been identified as a completely safe, non-toxic, lightweight, and flexible material that is recyclable as well.
(C10H8O4)n
Fibres and yarns, Plastic containers, Thermoforming, 3-D printing
25038-59-9, poly(ethylene terephthalate), Poly (Oxyethyleneoxyterephthaloyl), PETE, PETP or PET-P
Exxon Mobil Corporation, Saudi Basic Industries Corporation (SABIC), Versalis S.p.A., Chevron Phillips Chemical Company, Lanxess AG
CurrencyUS$ (Data can also be provided in local currency)
Supplier Database AvailabilityYes
Customization ScopeThe report can be customized as per the requirements of the customer
Post-Sale Analyst Support360-degree analyst support after report delivery
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
In this process, PTA is mixed with MEG and catalyst solution in a paste form and processed in an esterification system, splitting off the water. Then, the product from the esterification step is sent to the pre-polycondensation reactor. Finally, the polyester melt is processed either into fibres and filaments or sent to the solid-state polycondensation (SSP) unit for making bottle grade chips for the derived Polyethylene Terephthalate.
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This report provides the cost structure of PET production through esterification of ethylene glycol and terephthalic acid.
The report contains the cost analysis of PET production using DMT process.
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