The Indian PET resin market witnessed significant week-on-week fluctuations during March-May ****. During the first week of March, Asia domestic India PET bottle flakes prices were assessed near $*.** per kg and remained largely stable on a weekly basis. However, during the second week of March, prices sharply increased to around $*.** per kg, reflecting a week-on-week rise of nearly ** per cent amid tight domestic supply conditions and reduced producer operating rates. In the third and fourth weeks of March, prices increased further to nearly $*.** per kg, marking an additional weekly gain of around * per cent. The bullish momentum continued into the first week of April, when prices touched nearly $*.** per kg, reflecting another week-on-week increase of approximately * per cent.
From mid-April onward, the market entered a correction phase as downstream polyester demand remained weak, and buyers shifted towards cautious procurement activity. During the second and third weeks of April, prices eased gradually towards $*.** per kg, indicating a weekly decline of around *–* per cent. The softer trend continued through late April and early May, with prices declining towards $*.** per kg and later $*.** per kg due to subdued polyester operating rates and sufficient domestic availability. By May **, ****, Asia domestic India PET bottle flakes prices were assessed around $*.*** per kg, reflecting an overall decline of nearly * per cent from the April peak, while Asia FOB India PET Bottle Flakes prices were reported near $*.*** per kg during the same period.
