MarketsFriday, 5 June 2026·India
Turkey PET Market Sees Split Trend After Eid as Imports Firm, Local Prices Weaken
Turkey’s PET bottle market showed mixed pricing trends after the Eid al-Adha holidays, with import prices moving slightly higher while domestic prices continued to decline due to weak buying interest.
Import PET offers, particularly from China, received support from stronger feedstock values and rising freight costs. Higher crude oil prices earlier in the week pushed key raw materials such as PX, PTA, and MEG upward, increasing production costs for PET manufacturers. However, Turkish buyers remained cautious, limiting the extent of any price increase as demand remained weak.
On the domestic side, the market continued to face pressure from slow post-holiday demand. Several local suppliers lowered their June prices in an effort to attract buyers, while overall trading activity remained subdued.
Market Snapshot
Import Market
• Supported by higher freight and feedstock costs
• Chinese offers moved slightly higher
• Buyer resistance limited price increases
• Trading activity remained slow
Local Market
• Domestic prices declined further in June
• One producer reduced prices by around $50/ton from May levels
• Most local offers remained around the mid-$1500/ton range
• Weak demand and comfortable supply pressured sellers
Demand Remains the Key Concern
Market participants noted that the expected summer demand boost has yet to materialize. Buyers continue to purchase only when necessary, while financial pressures and cautious sentiment are keeping overall demand weak.
Although higher raw material and logistics costs may provide some support to pricing, market players believe meaningful price increases will be difficult to sustain unless consumption improves significantly.
Outlook
The Turkish PET bottle market is expected to remain under pressure in the near term. Import prices may continue to find support from costs, but weak domestic demand is likely to keep local sellers on the defensive. Until buying activity improves, the market is expected to remain cautious with limited trading momentum.
Stay ahead of market trends with the Credco app. For any queries, please reach out via WhatsApp at +91 8448083211.
Import PET offers, particularly from China, received support from stronger feedstock values and rising freight costs. Higher crude oil prices earlier in the week pushed key raw materials such as PX, PTA, and MEG upward, increasing production costs for PET manufacturers. However, Turkish buyers remained cautious, limiting the extent of any price increase as demand remained weak.
On the domestic side, the market continued to face pressure from slow post-holiday demand. Several local suppliers lowered their June prices in an effort to attract buyers, while overall trading activity remained subdued.
Market Snapshot
Import Market
• Supported by higher freight and feedstock costs
• Chinese offers moved slightly higher
• Buyer resistance limited price increases
• Trading activity remained slow
Local Market
• Domestic prices declined further in June
• One producer reduced prices by around $50/ton from May levels
• Most local offers remained around the mid-$1500/ton range
• Weak demand and comfortable supply pressured sellers
Demand Remains the Key Concern
Market participants noted that the expected summer demand boost has yet to materialize. Buyers continue to purchase only when necessary, while financial pressures and cautious sentiment are keeping overall demand weak.
Although higher raw material and logistics costs may provide some support to pricing, market players believe meaningful price increases will be difficult to sustain unless consumption improves significantly.
Outlook
The Turkish PET bottle market is expected to remain under pressure in the near term. Import prices may continue to find support from costs, but weak domestic demand is likely to keep local sellers on the defensive. Until buying activity improves, the market is expected to remain cautious with limited trading momentum.
Stay ahead of market trends with the Credco app. For any queries, please reach out via WhatsApp at +91 8448083211.