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Prices for Polyethylene Terephthalate (PET) in the USA turned upward in early May as balanced inventories met a steady seasonal lift from downstream beverage bottlers preparing for summer. Market tone was stable in early May after a run of gains through late April, with buyers maintaining functional procurement strategies rather than aggressive restocking. Logistics flows for PET from the overseas markets including Mexico and Asian market arrived on schedule, keeping distribution channels open even as upstream cost risks 鈥 notably crude-related feedstock and Asian paraxylene tightness 鈥 kept sellers cautious. Overall, the PET market settled into a constructive, upward-tilting pattern heading into peak seasonal demand.
PET demand patterns were mixed across end-use sectors, supporting the broader price recovery. Beverage bottlers increased operating schedules ahead of warmer weather, underpinning bottle-grade PET offtake while thermoformed food-tray and food-packaging demand remained consistent. In contrast, converters and brand...
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