Polyethylene terephthalate, commonly known as PET, is widely used for beverage bottles, food packaging, containers, textile applications, and other everyday products. Because PET production depends heavily on feedstocks and energy, changes in the upstream market can quickly affect Polyethylene Terephthalate Prices. Q2 2026 provided a clear example of how geopolitical developments, supply disruptions, freight costs, and end-user demand can work together to create large price movements.
The Polyethylene Terephthalate Price Chart showed a strong upward movement during the first two months of the quarter. However, the market started changing in June after the US-Iran ceasefire and an agreement to reopen the Strait of Hormuz helped reduce some of the pressure on crude oil, feedstock availability, and freight costs. As a result, the Polyethylene Terephthalate Price Index began reflecting a correction across most markets.

Global Polyethylene Terephthalate Price Trend in Q2 2026

The second quarter of 2026 was an unusual period for the global PET market. The major increase in prices was not driven by one single factor. Instead, several factors came together at the same time.

The disruption around the Strait of Hormuz affected the movement of materials from the Middle East. Paraxylene, PTA, and MEG are important inputs in PET production, so reduced availability created concerns among producers and buyers.

Crude oil was another major factor. When crude oil prices rise sharply, the effect can move through several parts of the chemical supply chain. Producers face higher feedstock and operating costs, while transportation and freight expenses can also increase.

At the same time, demand from beverage and packaging industries remained firm. This meant that buyers still needed PET even when prices were rising. The combination of strong demand and limited supply created significant upward pressure during April and May.

By June, the market began moving in the opposite direction. Improving shipping conditions and easing feedstock costs reduced some of the earlier pressure. However, the correction was different across individual countries.

Netherlands PET Prices

The Netherlands experienced one of the largest increases during Q2 2026. The Polyethylene Terephthalate Price Trend increased by approximately 60% compared with the previous quarter.

The major reason behind this sharp rise was the disruption in Middle Eastern feedstock flows. Reduced availability of paraxylene, PTA, and MEG pushed production costs higher. Crude oil values also moved above $100 per barrel during the conflict period, adding further cost pressure.

PET demand from beverage and packaging applications remained firm, which made it difficult for the market to absorb the supply disruption quickly.

However, conditions started changing in June. The ceasefire and reopening agreement helped reduce pressure on crude oil, feedstocks, and logistics.

As a result, PET prices in the Netherlands declined by around 12% month-on-month in June 2026 as supply conditions gradually started returning toward normal.

Germany PET Price Trend

Germany recorded a quarterly increase of approximately 59% during Q2 2026.

The market experienced similar feedstock problems to other European countries. Limited availability of paraxylene, PTA, and MEG increased production costs and contributed to higher PET offers.

Packaging and bottled beverage demand remained steady, providing additional support to prices. Buyers continued to require material despite the higher cost environment.

The market began to ease toward the end of the quarter. In June 2026, PET prices in Germany declined by approximately 11% month-on-month.

The June correction showed that the market was responding quickly to improving crude availability and lower feedstock and freight pressure.

United Kingdom PET Prices

The United Kingdom saw PET prices rise by around 58% in Q2 2026.

The closure of the Strait of Hormuz created significant uncertainty around Middle Eastern feedstock availability. Higher costs for paraxylene, PTA, and MEG moved through the PET supply chain.

Beverage and packaging demand remained consistent, supporting the market even while supply was constrained.

During June, the situation began to improve. The ceasefire and reopening agreement helped reduce some of the earlier supply concerns.

PET prices in the UK corrected by approximately 11% in June 2026 as crude and feedstock conditions began to normalise.

France PET Price Trend

France also recorded a strong increase of approximately 58% during Q2 2026.

PET prices remained firm through April and May because feedstock costs were elevated and Middle Eastern shipments were disrupted. Strong demand from beverage and packaging industries added further support.

As shipping conditions improved in June, the market started correcting.

PET prices in France declined by around 11% month-on-month in June 2026. The movement showed how quickly a major supply disruption can influence prices and how improving logistics can eventually reduce some of that pressure.

South Korea PET Prices

South Korea recorded a quarterly PET price increase of approximately 34%.

The country benefited from strong export demand as some buyers in Southeast Asia looked for alternative supply sources when Middle Eastern material became more difficult to access.

Higher feedstock costs supported higher export offers, while firm demand kept the market active.

Following the June ceasefire and reopening agreement, feedstock and crude costs started to ease. PET prices in South Korea declined by approximately 10% in June as export market conditions began stabilising.

India PET Price Trend

India recorded a quarterly increase of approximately 25% during Q2 2026.

The Indian market faced higher feedstock costs because imports from the Middle East were disrupted. Crude oil also reached high levels during April and May.

Domestic demand remained an important support factor. Seasonal demand for bottled beverages helped maintain buying interest even as prices moved higher.

In June, PET prices in India declined by only around 2% month-on-month. This was a relatively small correction compared with several European markets because domestic demand continued to provide support.

The Indian market therefore entered the next period with a more balanced situation between improving supply conditions and continued domestic consumption.

China PET Prices

China experienced strong PET price increases across different grades during Q2 2026.

Bottle Grade Resin prices increased by approximately 28%, while High IV Super Bright textile grade increased by around 25% compared with the previous quarter.

Reduced Middle Eastern feedstock availability increased reliance on Chinese exports. Domestic demand also improved moderately, providing additional support to the market.

However, June brought a noticeable correction. Bottle Grade Resin prices declined by approximately 9%, while textile-grade prices declined by around 8% month-on-month.

The correction reflected improving feedstock availability and some normalisation in export markets.

USA PET Prices

The USA recorded a quarterly increase of approximately 33% for imported PET from South Korea.

Higher Korean export offers were an important factor, but freight costs also played a major role. Shipping disruptions and rerouted cargoes increased transportation expenses and extended delivery timelines into Houston.

At the same time, demand from beverage packaging remained firm, helping keep the market elevated.

In June 2026, PET prices in the USA declined by approximately 7% as Korean offers and freight costs began easing.

This showed that imported PET prices can be influenced not only by resin costs but also by international transportation conditions.

Taiwan PET Prices

Taiwan recorded a PET price increase of approximately 25% during Q2 2026.

Tight feedstock availability and firm export demand supported the upward movement. Global buyers looked toward Taiwanese cargoes as supply from the Middle East became more constrained.

The market started to stabilize in June after crude and feedstock costs eased.

PET prices in Taiwan declined by approximately 9% month-on-month in June 2026, reflecting improving export-market conditions.

Indonesia and Philippines PET Prices

Indonesia recorded a quarterly increase of around 27%, while the Philippines also experienced an increase of approximately 27%.

Both markets were affected by higher import costs from China. Rising Chinese export offers, higher freight expenses, and longer shipping timelines increased landed PET costs.

Domestic demand in both markets remained supportive, keeping prices firm through most of the quarter.

In June, Indonesia's PET prices declined by approximately 9%, while prices in the Philippines corrected by around 8%. The decline was linked to easing Chinese offer prices and freight costs.

What the Polyethylene Terephthalate Price Chart Shows

The Polyethylene Terephthalate Price Chart for Q2 2026 clearly shows that the largest increases occurred during the supply disruption in April and May.

The Netherlands recorded the highest quarterly increase at 60%, followed by Germany at 59% and the UK and France at 58%. South Korea increased by 34%, while the USA rose by 33%.

China, Indonesia, the Philippines, India, and Taiwan also recorded significant increases, although their movements were comparatively moderate.

The June corrections across most markets show that PET prices can respond quickly when feedstock availability and freight conditions improve.

Polyethylene Terephthalate Price Index and Market Direction

The Polyethylene Terephthalate Price Index provides a useful way to understand the broader movement of the market. Q2 2026 was characterised by a strong rise followed by an early correction.

The index movement reflected the changing balance between supply pressure, feedstock costs, freight expenses, and downstream demand.

For buyers, following an index alongside regional market data can help provide better context when evaluating supplier offers and planning procurement.

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Polyethylene Terephthalate Price Forecast

Looking ahead, the PET market will remain sensitive to crude oil, feedstock availability, freight costs, industrial activity, and packaging demand.

If shipping routes continue to normalise and paraxylene, PTA, and MEG availability improves, some of the exceptional cost pressure seen during April and May could continue to ease. On the other hand, any fresh disruption to supply routes or a renewed increase in crude oil could put upward pressure on Polyethylene Terephthalate Prices again.

Demand will also remain important. Beverage packaging and food packaging are major areas of PET consumption, so seasonal demand and manufacturing activity will influence purchasing behaviour.

For procurement teams, the key is to monitor the market regularly rather than relying only on historical prices.

Why Monitoring PET Prices Matters

Regular monitoring of PET prices can help businesses understand changes in their input costs and prepare for changing market conditions.

A combination of the Polyethylene Terephthalate Price Trend, current market movements, historical data, and the Polyethylene Terephthalate Price Index can provide a broader view of the market.

Businesses can use this information to:

Track changes in PET purchasing costs

Understand regional market differences

Monitor feedstock-related cost pressure

Review supplier quotations

Plan inventory requirements

Follow freight and logistics developments

Prepare procurement budgets

Identify changes in demand and supply

The Polyethylene Terephthalate Price Trend in Q2 2026 was strongly influenced by geopolitical disruption, feedstock shortages, crude oil costs, freight expenses, and firm packaging demand.

European markets recorded some of the largest increases, with the Netherlands, Germany, the UK, and France registering quarterly gains of between 58% and 60%. South Korea and the USA also experienced significant increases, while India, China, Taiwan, Indonesia, and the Philippines recorded more moderate but still substantial gains.

The market began correcting in June as the ceasefire and reopening agreement helped improve shipping and feedstock conditions. However, the size of the June corrections varied from market to market.

Overall, Q2 2026 demonstrates the importance of closely tracking PET supply chains. The Polyethylene Terephthalate Price Chart, Polyethylene Terephthalate Prices, and Polyethylene Terephthalate Price Index can provide useful insight into changing market conditions. Going forward, crude oil movements, feedstock availability, freight costs, and packaging demand will remain important factors to watch when assessing the PET market.

About Price Watch™

Price Watch™ is an India-based, independent raw material price reporting agency that provides real-time price forecasts and data-driven insights into global raw material markets. Price Watch™ specializes in tracking raw material prices, analyzing market trends, and delivering timely updates on plant shutdowns, supply disruptions, capacity expansions, and demand-supply dynamics.

The Price Watch™ platform empowers manufacturers, traders, and procurement professionals to make faster, smarter decisions. Leveraging AI-powered forecasting and over a decade of historical data, Price Watch™ transforms market volatility into actionable opportunity.

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