Russian PET market

The year 2020 was challenging for Russian PET converting companies. Market participants noted a shortage of feedstock and an increase in prices, among other reasons being disruption of supply chains due to the COVID-19 pandemic, which negatively affected the market.

The 15-20% increase in demand for plastic packaging in March and April has revived the PET market, and in May Russian feedstock producers raised the prices. Since then, many converting companies switched to more affordable supplies from China; the local PET market became loose.

The Russian PET market will struggle for raw materials

Russian PET market: focus on feedstock affordability and low-margin converting