MarketsFriday, 12 June 2026·India
Turkish Local PET Bottle Prices Move Lower on Fresh Deal Activity
Turkey’s domestic PET bottle market has softened after newly confirmed transactions revealed that actual trading levels were lower than previously indicated. The latest deals suggest sellers are becoming more flexible as weak demand continues to limit buying activity.
Earlier in the week, market prices were largely considered stable due to limited transaction data. However, fresh buyer feedback confirmed multiple deals concluded at lower levels, leading to a revision in local market assessments.
As a result, domestic PET bottle prices are now assessed at $1520-1560/ton ex-warehouse, cash, excluding VAT, reflecting a decline from earlier indications.
Producers Offer Bigger Discounts
Market participants reported that producers have become increasingly willing to negotiate as seasonal demand has failed to meet expectations.
Several buyers confirmed purchases around $1520/ton, despite receiving higher initial offers. According to market sources, some producers reduced their asking prices during negotiations to secure sales, highlighting the growing pressure to move volumes in a slow market environment.
The repeated appearance of transactions near the low end of the range suggests that actual trading activity is increasingly centered around these levels.
Demand Remains the Main Concern
Although feedstock trends have been mixed, demand remains the dominant factor shaping market direction. While some raw materials have shown slight gains and others have weakened, overall production costs have not provided a clear market signal.
At the same time, falling crude oil prices have added pressure to sentiment. Recent optimism surrounding potential geopolitical easing in the Middle East has reduced concerns over energy supply disruptions, contributing to softer oil markets and raising expectations for lower feedstock costs ahead.
Prices Still Elevated Versus Pre-Conflict Levels
Despite the recent correction, PET bottle prices in Turkey remain significantly higher than levels seen before the Middle East conflict. The market had experienced a strong rally during the spring, pushing prices to their highest levels in several years.
The latest decline has removed only a small portion of those gains, indicating that the market has yet to fully adjust to softer demand conditions and lower energy prices.
Outlook Remains Soft
Market participants expect a cautious trading environment in the coming weeks. Weak consumption, falling oil prices, and buyer reluctance to build inventory are likely to keep pressure on sellers.
While higher freight costs may provide some support to import prices, local producers could face further challenges unless demand improves noticeably during the remainder of the summer season.
Stay ahead of market trends with the Credco app. For any queries, please reach out via WhatsApp at +91 8448083211.
Earlier in the week, market prices were largely considered stable due to limited transaction data. However, fresh buyer feedback confirmed multiple deals concluded at lower levels, leading to a revision in local market assessments.
As a result, domestic PET bottle prices are now assessed at $1520-1560/ton ex-warehouse, cash, excluding VAT, reflecting a decline from earlier indications.
Producers Offer Bigger Discounts
Market participants reported that producers have become increasingly willing to negotiate as seasonal demand has failed to meet expectations.
Several buyers confirmed purchases around $1520/ton, despite receiving higher initial offers. According to market sources, some producers reduced their asking prices during negotiations to secure sales, highlighting the growing pressure to move volumes in a slow market environment.
The repeated appearance of transactions near the low end of the range suggests that actual trading activity is increasingly centered around these levels.
Demand Remains the Main Concern
Although feedstock trends have been mixed, demand remains the dominant factor shaping market direction. While some raw materials have shown slight gains and others have weakened, overall production costs have not provided a clear market signal.
At the same time, falling crude oil prices have added pressure to sentiment. Recent optimism surrounding potential geopolitical easing in the Middle East has reduced concerns over energy supply disruptions, contributing to softer oil markets and raising expectations for lower feedstock costs ahead.
Prices Still Elevated Versus Pre-Conflict Levels
Despite the recent correction, PET bottle prices in Turkey remain significantly higher than levels seen before the Middle East conflict. The market had experienced a strong rally during the spring, pushing prices to their highest levels in several years.
The latest decline has removed only a small portion of those gains, indicating that the market has yet to fully adjust to softer demand conditions and lower energy prices.
Outlook Remains Soft
Market participants expect a cautious trading environment in the coming weeks. Weak consumption, falling oil prices, and buyer reluctance to build inventory are likely to keep pressure on sellers.
While higher freight costs may provide some support to import prices, local producers could face further challenges unless demand improves noticeably during the remainder of the summer season.
Stay ahead of market trends with the Credco app. For any queries, please reach out via WhatsApp at +91 8448083211.
