India rPET Prices & 40% Mandate Update

India r-PET remains under pressure amid weak export fundamentals / GST amendments to boost demand in India’s r-PET market / Expect reversal on PET resin from reciprocal tariff:

Jun 08, 2026

Indian recycled PET remained under pressure due to persistently weak market fundamentals in the export sector. The recent reciprocal tariff announcement added pressure on premium-grade flakes, which are priced at $820/mt FOB India for flakes with less than 30 ppm of PVC as of Sept. 17, reflecting a $5/mt decline week over week. The R-PET foodgrade pellets with a minimum intrinsic viscosity of 0.8 were at $1,135/mt FOB India, down $10/mt week over week amid thin demand and a continued drop in the parallel feedstock market. Recently, expectations have emerged that the domestic market could support the sector amid the export downturn, driven by two factors: the reduction in GST in the fiber market, which may boost demand for bottle-grade flakes, and anticipated clarity on minimum content legislation. Two recycler...

Exclusive market movement data, shipping lineups, demand signals and pricing rationale continue in full report.

Unlock complete article access with a paid account.

Continue Reading With Membership

This is a preview. Login and activate a paid plan to read the complete article.