PET
Polyethylene terephthalate (PET) is a clear and lightweight thermoplastic polymer resin used in the packaging industry, bottle manufacturing, and textile fibers...
PET Bytes
Daily Market Report
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PET Resin Prices Under Pressure Amid Weak Demand and Oversupply Concerns
PET resin prices in India have softened due to global oversupply, weak raw material costs, and sluggish downstream demand. New production capacity, high inventory levels, and low order flow continue to weigh on the market. Experts foresee limited upside in the near term without a significant rebound in demand.
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Asia PET Prices Decline Amid Weak Demand and Oversupply
PET prices remained largely stagnant in early March 2025, reflecting weak demand and persistent oversupply concerns. Despite some production cutbacks, the market remains under pressure due to high inventory levels and new capacity additions. Weak cost support from raw materials and cautious buyer sentiment further limit any significant upward price movement.
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Westlake Weighs Ethylene Expansion Amid Cost Pressures in Polymer Market - ICIS
Ethylene market dynamics remain uncertain as inflation pressures impact supply expansion plans. Westlake’s potential cracker expansion in Louisiana could increase capacity by 40%, but cost concerns delay decisions. Meanwhile, polymer prices remain volatile, with PVC, HDPE, LDPE, and ABS seeing mixed trends across major Indian hubs. Short-term market stability is expected.
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China's PET Bottle Chip Prices Surge Amid Rising Costs and Cautious Demand
PET prices in New Delhi rose to ₹92/kg, driven by higher raw material costs amid U.S. sanctions on Russia and increased energy demand. While production costs remain low, cautious downstream buying has limited trading activity. The market is expected to remain volatile, closely tracking international oil price movements and supply conditions.
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Asian PET Market Faces Decline Amidst Subdued Demand and Stable Supply
The Asian PET market saw a 3-4% price rise in January 2025, driven by seasonal demand and improving global trade. However, weak early January demand and competition from low-cost imports kept the market pressured. Favorable supply conditions and subdued overseas inquiries balanced short-term volatility, with gradual demand recovery anticipated.
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Malaysia Imposes Provisional ADDs on PET Imports
PET prices remain stable, with Reliance at Rs. 93,000/MT and Wankai 801 at Rs. 86,500/MT. Malaysia has imposed provisional anti-dumping duties (ADDs) on PET imports from China and Indonesia, ranging from 6.33% to 37.44%, to protect its domestic PET industry. This could stabilize local PET supply while causing minor cost increases for downstream sectors.
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PET Market Sees Rising Costs and Upcoming Supply Increases
PET prices have increased due to rising production costs, fuelled by surging crude oil prices and higher polyester raw material rates. While new production facilities may ease supply constraints, short-term growth remains limited as downstream buyers adopt a cautious approach. The approaching Spring Festival is expected to bolster domestic demand for PET, supporting market stability amidst rising supply levels.
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India's Polymer Demand Faces Economic Slowdown Amid R-PET Mandate
The decline in polymer demand and prices in India is expected to persist, driven by economic conditions, supply chain dynamics, increased domestic production, crude oil price fluctuations, government policies, and environmental factors, shaping market trends and stakeholder decisions.
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PET Gains Momentum, Pressures HDPE and PVC Markets
Polymer prices remained largely stable, with slight fluctuations in select grades like HDPE PE100 Natural (-₹2/kg) and LLDPE (+₹0.5/kg). Demand for HDPE blow and PVC is declining as PET gains market share. Virgin polymer markets see routine orders but below expected levels. Global trends include price hikes and plant maintenance updates.
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