polyethylene terephthalate Pricing Assessment

Markets Covered:

United States

Netherlands

Belgium

United Kingdom

France

Korea

China

India

Polyethylene Terephthalate Price Trend, Analysis and Forecast

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 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 and MEGlobal to adjust prices upward.

At the beginning of Q3 2024, PET prices showed an upward trend, with a 4.5% month-over-month increase. This rise was primarily driven by supply constraints caused by reduced import volumes and lower domestic production. The ongoing Red Sea crisis further aggravated supply chain disruptions, forcing vessels to reroute via the Cape of Good Hope. This rerouting created congestion at alternative routes and key transshipment hubs critical to trade between Asia and Europe, as reported by major market participants. These logistical disruptions significantly impacted global supply chains, intensifying supply shortages in the European PET market. However, in early August, freight rates began to normalize, which could influence PET prices in the following months. By the end of the first month of Q3 2024, PET prices in Hamburg, on a free-delivery (FD) basis, hovered around USD 1312/MT.

Looking ahead to Q4 2024, PET prices may experience a decline following the Q3 increase. This anticipated decrease could result from reduced demand with the arrival of winter in some regions and the stabilization of previously elevated freight rates due to the Red Sea crisis and port congestion. Demand from the packaging industry typically softens in colder areas, while it may remain steady in warmer regions. Additionally, PET demand for agricultural films is expected to fall, except in regions with winter crop cycles or continuous agricultural activity.

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is your trusted resource for tracking global polyethylene terephthalate price trends. Our platform delivers real-time data and expert analysis, offering deep insights into the key factors driving price fluctuations in the polyethylene terephthalate market. By monitoring critical events such as geopolitical tensions, supply chain disruptions, and economic shifts, keeps you fully informed of market dynamics.

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Track 's polyethylene terephthalate price assessment on a weekly basis since 2015 onwards, along with short-term forecasts, and get access to the detailed report in a downloadable format.

Historically, several events have caused significant fluctuations in polyethylene terephthalate prices

Red Sea Crisis (2024): Port congestion and freight rate surges impacted PET supply and transportation costs globally.
COVID-19 Pandemic (2020-2022): Plant shutdowns, labour shortages, and supply chain disruptions led to fluctuating demand and prices for PET.
S.-China Trade War (2018): Increased tariffs affected PET supply chains, leading to cost instability, especially for U.S. importers.
Hurricane Harvey (2017): Major U.S. refineries and chemical plants shut down, impacting global ethylene and PET prices.
Crude Oil Price Collapse (2015): A sharp decline in oil prices led to reduced production costs for PET but also volatility in pricing.

Methodology and Specifications

polyethylene terephthalate Pricing Assessment Research Methodology

Data Collection and Sources

Real-Time Market Data: aggregates real-time pricing data from a diverse range of sources, including global commodity exchanges, industry reports, and proprietary databases. This ensures that our assessments reflect the most current market conditions.
On-the-Ground Intelligence: Our team gathers insights directly from key market participants, including producers, suppliers, traders, and end-users, across major PET production hubs. This ground-level intelligence is crucial for understanding localized market dynamics.
Supply Chain Monitoring: We track the entire PET supply chain, from raw material availability (e.g., PTA, MEG, and EG) to production and distribution channels. This includes monitoring feedstock PTA, MEG, and EG prices, production capacities, and transportation logistics.

Event Tracking and Impact Analysis

Geopolitical Tensions: continuously monitors global geopolitical developments, such as conflicts or trade disputes, which can significantly impact PET prices. Our analysis includes potential disruptions to supply chains and their immediate and long-term effects on pricing.
Natural Disasters and Climate Events: We assess the impact of natural disasters, such as hurricanes or winter storms, on PET production facilities, particularly in vulnerable regions like the U.S. Gulf Coast. These events are factored into our price forecasts and supply outlooks.
Economic Shifts: evaluates macroeconomic trends, including global economic growth, inflation rates, and sector-specific demand (e.g., construction, packaging), to predict shifts in PET demand and corresponding price movements.

Production Capacity and Supply Analysis

Current Production Monitoring: We maintain a comprehensive database of global PET production facilities, tracking their operational status, maintenance schedules, and output levels. This allows us to assess current supply availability accurately.
Future Capacity Projections: Our research includes detailed forecasts of upcoming PET production capacities, factoring in new plant constructions, expansions, and technological advancements. This helps in predicting future supply trends and potential price stabilization.

Demand Forecasting

Sectoral Demand Analysis: provides in-depth analysis of demand trends across key sectors, including packaging, automotive, and construction. We track year-on-year demand growth and project future consumption patterns based on economic indicators and industry developments.
Global Demand Dynamics: Our methodology considers regional demand variations and how they influence global PET pricing. This includes understanding the impact of shifts in manufacturing bases, trade policies, and environmental regulations.

Pricing Model Development

Dynamic Pricing Models: utilizes advanced econometric models to forecast PET prices, incorporating real-time data, historical trends, and projected market conditions. Our models are continuously refined to enhance accuracy and predictive power.
Scenario Analysis: We conduct scenario-based assessments to evaluate potential future market conditions. This includes best-case, worst-case, and most likely scenarios, helping our clients prepare for a range of market outcomes.

Reporting and Client Support

Comprehensive Reports: Our clients receive detailed reports that include current price assessments, future price forecasts, and in-depth analysis of market drivers. These reports are designed to be actionable, providing clear insights and recommendations.
Ongoing Support: offers continuous updates and personalized support to our clients, ensuring they have the most up-to-date information to make informed decisions. Our experts are available to discuss specific market developments and provide tailored advice.

This research methodology ensures that delivers the most accurate, timely, and actionable PET pricing assessments, helping our clients stay ahead of market trends and make informed business decisions.

Specifications

Molecular Weight[g/mol]

20,000–40,000 g/mol

CAS No

25038-59-9

HS Code

390760

Molecular Formula

(C₁₀H₈O₄)ₙ

polyethylene terephthalate

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’s 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

1150 Kg Bag, 1000 Kg Bag

Grades Covered

Bottle Grade Resin, High IV Super Bright (Textile Grade)

Incoterms Used

CIF Houston (South Korea), FOB Shanghai, Ex-Baddi, FOB Busan, FD Le Havre, FD Immingham, FD Hamburg, FD Amsterdam

Synonym

PET, Poly(ethylene terephthalate)

Quotation Terms:

25-28 MT, 20-25 MT

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.

Disclaimer

Polyethylene Terephthalate price provided by is a base price and excludes VAT/Taxes, discounts, or offers. The information herein is accurate to the best of our knowledge as of the date indicated and is provided solely for the convenience of our customers as a reference for polyethylene terephthalate. disclaims any warranties or representations regarding the accuracy of results derived from this information. It is the sole responsibility of the user to assess the suitability of the product for their specific application. This document does not constitute an endorsement to use the product in violation of any applicable patent rights.

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Frequently asked questions

What factors influence the price of Polyethylene Terephthalate (PET)? +

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.

How can procurement managers secure the best price for PET? +

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.

How do global events affect PET prices? +

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.