PET bottle-grade prices in the Gulf Cooperation Council fell this week, pressured by muted buying interest and competitive import offers that kept regional sellers on edge.
A market source in the GCC told that sentiment remained fragile as buyers hesitated amid worries over market stability, a soft economic backdrop, and broader geopolitical uncertainty. The reluctance to commit to new volumes left demand thin and prices vulnerable.
Cheaper overseas cargoes deepened the slide. Chinese suppliers were heard offering around 820 USD per metric ton CFR GCC, while Middle Eastern producers were quoting closer to 870 USD, creating stiff competition and eroding local price support. Lower export prices from key suppliers hinted at either a surplus abroad or a strategic move to capture market share, reinforcing the downward momentum.
Assessments placed PET resin bottle-grade values at 820–870 USD/mt CFR GCC, a week-on-week decline of about 10 USD/mt, with the gap between aggressive Chinese offers and regional quotes underscoring the pressure facing domestic sellers.
