Chemicals Updates

Asian Recycled PET: Stable amid thin trade / Buyers reevaluating recycled content percentage / Stable to weak outlook expected

Jul 24, 2025

Asian recycled polyethylene terephthalate prices as stable to firm at $900/mt FOB Southeast Asia in the week to July 23 on thin trade and weak demand. The recycled market appeared driven more by climate reasoning than by economic logic, sources said. Recycled pellets remained significantly more expensive than their virgin counterparts, further limiting adoption. In response, many buyers began reassessing the premiums they were willing to pay and reevaluated the levels of recycled content they intended to include in their products, they said. Additionally, the lower prime price was only one factor under consideration, with many end converters citing the absence of recycling mandates and the ease of using prime resin as key reasons for their preference, buyers said. Sources said recycled plastic resin would follow prime resin, which remained...

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