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IndiaIn the first quarter of 2025, PET Bottle Grade Resin prices continued to decline across major markets. In Europe, average Polyethylene Terephthalate prices dropped by around 2.7% to USD 1089/MT. The fall was largely attributed to subdued beverage and packaging sector demand during the post-winter season, as well as competitive pressure from cheaper Asian imports.
In South Korea, Polyethylene Terephthalate prices edged lower by 2.2% to USD 814/MT, with domestic producers offering discounts amid weaker overseas orders and sufficient local supply. In India, the high IV PET market rebounded slightly, rising by 9.6% quarter-on-quarter to USD 967/MT, supported by better textile and fiber-grade demand.
In Q4 2024, the Global PET Bottle Grade Resin market experienced sharp decrease. European prices plunged by 10.5% to USD 1119/MT, driven by excess inventories, energy cost stabilization, and slow off-take from downstream converters ahead of year-end holidays. In South Korea, PET resin prices declined by 5.9% to USD 832/MT, pressured by muted regional exports and abundant supply.
For high IV PET resins in Europe, prices witnessed a steeper fall of 15.4% to USD 1054/MT, in line with slower demand from fiber and textile applications. Indian high IV PET resin prices dropped by 6.8% to USD 882/MT, tracking global bearish sentiment but protected somewhat by steady local fiber consumption.
During Q3 2024, PET Bottle Grade Resin prices in Europe saw a modest rise of 2.0%, reaching around USD 1250/MT. Increased summer beverage consumption, along with improved economic activity, supported resin demand. In South Korea, however, PET prices dipped by 3.0% to USD 884/MT, as local bottlers maintained cautious purchasing amid volatile feedstock costs.
In India, prices for high IV PET resin softened by 8.2% to USD 946/MT, as converters delayed purchases anticipating further price corrections.
In Q2 2024, the global PET market continued to rise, with a 2% price increase in Germany. This growth was driven by higher demand from the packaging industry due to the favorable summer season and escalating production costs tied to feedstock prices, including Ethylene Glycol and Terephthalic Acid.
A shortage of Mono Ethylene Glycol, worsened by climate-related shutdowns and reduced operational capacities, further constrained supply. This shortage, along with crude oil price fluctuations and geopolitical tensions, led key players like Indorama Ventures to adjust prices upward.
In Q1 2024, European PET prices saw significant upward momentum, especially in the Netherlands with a 7% increase. The rise was fuelled by high demand from the construction industry and strong economic growth, boosting market confidence. Production costs also surged due to elevated prices for feedstocks like Ethylene Glycol and Terephthalic Acid, linked to Crude Oil increases.
Compounding this, Alpek Polyester UK Ltd. declared force majeure in February following a technical breakdown at its 220,000-tonne Wilton plant, exacerbated by raw material shortages from a Red Sea shipping crisis, impacting supply and further driving prices.
In Q1 2025, Polyethylene Terephthalate bottle grade resin prices in India were recorded at USD 1213/MT, reflecting a marginal decline of 0.1% compared to the previous quarter. The minor softening was mainly due to the seasonal slowdown, as cooler weather reduced consumption of bottled beverages.
Many converters focused on destocking after building inventories during the festive and peak seasons. Despite the slight decline, the market remained largely balanced, indicating healthy fundamentals in terms of supply and demand.
In Q4 2024, PET bottle grade resin prices stood at USD 1214/MT, marking a slight increase of 0.8% over the previous quarter. Demand normalized after the summer and festive season peaks, but overall market activity remained steady. Stable feedstock prices and controlled production levels from domestic manufacturers helped maintain a balanced pricing environment. Buyers remained cautious, but stable consumption trends supported a marginal upward movement in resin prices.
In Q3 2024, PET bottle grade resin prices in India rose to USD 1204/MT, showing a 4.5% increase compared to Q2. Strong demand from the bottled water and beverage sectors continued during the early monsoon period, supported by resilient travel and hospitality activities.
Additionally, logistical challenges during the monsoon season contributed slightly to higher overall costs, further sustaining the upward pressure on resin prices. Feedstock prices remained stable, providing cost support for resin manufacturers.
In Q2 2024, PET bottle grade resin prices moved up to USD 1152/MT, registering a 3.4% quarter-on-quarter rise. The beginning of the Indian summer season led to a surge in demand for bottled beverages and packaged water, boosting consumption of PET resin.
Export opportunities improved slightly, and steady upstream feedstock costs also contributed to the firming market sentiment. Indian producers benefited from strong offtake, tightening the supply-demand balance during this period.
In Q1 2024, Polyethylene Terephthalate bottle grade resin prices were recorded at USD 1114/MT, representing a 4.1% decline compared to the previous quarter. Weaker post-festival demand, combined with higher inventory levels at the converter level, weighed down on prices.
Additionally, softer feedstock prices and muted export interest added to the downward pressure. Market sentiment remained cautious as buyers delayed purchases in anticipation of better seasonal demand in the coming months.
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Molecular Weight[g/mol]
CAS No
HS Code
Molecular Formula
Polyethylene Terephthalate (PET) is a strong, lightweight, and recyclable polymer known for its clarity, toughness, and resistance to moisture and chemicals. As a widely used material, PET is commonly found in applications like beverage bottles, food containers, and packaging films, where it serves as an effective barrier to gases and liquids, preserving product quality. Its durability and formability also make it ideal for textiles, where it is spun into fibres for clothing and carpeting. With excellent thermal stability, PET can be moulded, extruded, and thermoformed, making it versatile for various industries. Additionally, its high recyclability contributes to sustainable production practices, making PET an eco-friendly choice in packaging and consumer goods.
Packaging Type
Grades Covered
Incoterms Used
Synonym
PriceWatch Quotation Terms:
Ex-Location: This incoterm refers to a shipping agreement where the seller makes the goods available at their premises, and the buyer is responsible for all transportation costs, including shipping, insurance, and any other fees.
CIF: CIF refers to the Cost, Insurance, and Freight (CIF) terms for goods. Under CIF terms, the seller is responsible for the cost of goods, insurance, and freight charges until the goods reach the port of destination.
FD: FD stands for Free Delivered where the seller takes full responsibility for delivering goods to the location/port. This ensures the buyer receives the goods at the designated port with all necessary costs, except import duties, covered.
FOB: FOB refers to the Free On-Board shipping term, where the seller is responsible for the cost and risk of delivering the goods to the port. Once the goods are on board the vessel, the responsibility shifts to the buyer for all costs, including shipping and insurance.
| Property | Bottle Grade Resin |
| Intrinsic Viscosity (IV) | 0.80 ± 0.02 dl/g |
| Acetaldehyde (AA) | 1.0 ppm Max |
| Chips /g | 68 ± 5 |
| Fines | 100 ppm Max |
| Melting Temperature | 240-265⁰C |
| Property | High IV Super Bright (Textile Grade) |
| Intrinsic Viscosity (IV) | 1.0 ± 0.1 dl/g |
| Weight/100PC | 1.9 ± 0.3g |
| Melting point | 261 ± 2⁰C |
Applications
Polyethylene Terephthalate (PET) is a versatile polymer known for its clarity, strength, and safety in food contact. It’s commonly used in the beverage industry for lightweight, shatter-resistant bottles, and in food packaging to maintain visibility and safety. PET’s durability and chemical resistance make it suitable for films used in electronics and credit cards. In textiles, PET is spun into fibres for fabrics used in apparel, home furnishings, and industrial applications. Additionally, its recyclability into new products promotes sustainability. High IV Super Bright (Textile Grade) fibres, known for their strength and brightness, are widely used in textiles, including apparel, upholstery, and industrial fabrics. They also enhance tire performance by providing durability and resistance to wear, tear, and high temperatures, extending tire life and safety.
PET prices are primarily influenced by the cost of Ethylene, derived from Crude Oil and Naphtha. Other key factors include supply and demand dynamics, with increased demand from industries like packaging and construction driving prices up, while oversupply reduces them. Logistics issues, such as shipping disruptions or high freight rates, and regional market conditions, including economic growth and local regulations, also play a role in PET pricing.
Procurement managers can secure the best PET prices by monitoring global market trends, locking in long-term contracts to mitigate price volatility, and buying in bulk to negotiate better rates. Diversifying suppliers across different regions can also provide leverage and reduce risk, ensuring more competitive pricing.
Global events like geopolitical tensions, natural disasters, and economic shifts can significantly impact PET prices. Rising crude oil prices, supply chain disruptions, or reduced demand from economic slowdowns can drive prices up or down, making it essential for procurement managers to stay informed and anticipate market shifts.
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