Weak Raw Material Support and Soft Demand Pressure PET Bottle Chip Market in September
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Indian PET prices steadied at ₹88/kg by late September, while China PET bottle chip prices rebounded slightly to 5,900 RMB/ton after early-month weakness. Oversupply and weak downstream demand keep market activity muted. Falling crude oil and PTA costs weigh on margins, limiting the scope for a sustained price recovery.
Key Highlights
- India Pricing: Domestic PET (WK-801) stabilized at ₹88–88.5/kg across key hubs by week’s end.
- China Trend: PET bottle chips recovered to 5,900 RMB/ton, up from a mid-September low of 5,840 RMB/ton.
- Supply Conditions: Chinese production rose to 330,300 t with 72.31 % utilization; supply remains ample.
- Cost Pressure: Lower crude and weak PTA market reduce upstream cost support, restraining price upside.
PET Price Snapshot: India Steady, China Shows Mild Rebound
Domestic Indian PET (WK-801) Prices (Sep 2025, weekly trend):
1. Mon–Tue: ₹87.00–87.50++/kg
2. Wed–Thu: ₹88.00–88.50++/kg
3. Fri–Sat: ₹88.00–88.50++/kg (stabilized across Mundra, Ahmedabad, Bhiwandi, Silvassa)
China PET Bottle Chips:
1. Early–mid September: Average 5,840 RMB/ton (↓0.35% WoW)
2. Late September: Rebounded to 5,900 RMB/ton in East China
Demand–Supply Balance: Ample Output Meets Seasonal Weakness
- Supply Side: Domestic PET bottle production rose by 1,100 tons to 330,300 tons, with capacity utilization slightly increasing to 72.31%.
- Spot supply remains sufficient, limiting rebound potential even if some companies reduce production.
- Demand Side: Downstream demand is weak due to seasonal off-season in industries like soft drink packaging.
- Buyers are adopting on-demand procurement; large-scale purchases are rare. Overall market sentiment is cautious, resulting in low trading activity.
Market Drivers: Crude and PTA Declines Trim Cost Support
- Weakened Cost Support: International crude oil prices fell due to poor U.S. economic data. PTA market remained weak and volatile, failing to support PET bottle chip costs.
- Crude oil price decline reduced upstream cost, pressuring PET prices downward.
- Domestic Activity: Trading activity and enthusiasm from both buyers and sellers remain low.
- The market experienced a weak downtrend in early September, with a minor rebound in the last week.
Market Outlook: Range-Bound PET Prices Amid Cautious Trading
PET bottle chip prices are expected to fluctuate weakly between 5,750–5,900 RMB/ton, as subdued cost support, ample supply, and soft downstream demand limit price recovery. Trading activity will likely remain cautious through early October.
PET
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