PET Resin Suppliers Announce Price Increase

Chattanooga, TN, October 10, 2025-Indorama Ventures USA and other PET resin suppliers including DAK, M & G and Nan Ya have announced price increases.  

Indorama has announced a price increase of $0.06/pound over and above any changes to raw material indices. This price increase will be effective October 1 and will apply to all grades of its PET resins in the U.S. and Canada, including vPET, SPS and rPET resins.

According to industry sources, all of the major resin suppliers are announcing similar price increases. These price increases on average equate to a 10% increase. PET Resin is the primary raw material in 80% of residential carpet. This PET resin increase is driven in part by changes in the Annex II list of commodities. Recently, PET was removed from that list, so now it is subject to duties based on country of origin.

According to Indorama, “The U.S. domestic PET resin industry has been facing persistent challenges from low-priced imports from numerous countries, driven by overcapacity and unfair trade practices. There has also been a continuous increase in transportation costs, impact on our primary and secondary raw materials and other additives due to geo-political volatility and the inflationary environment. Thus, while our manufacturing costs have considerably risen, the increasing import volumes have significantly undercut domestic pricing, creating an unsustainable environment for the domestic PET Resin producers.

“We recognize that reliable domestic PET production is essential for the continued growth of our customers, and as always, Indorama Ventures is committed to providing this in a sustainable manner thereby also protecting and growing local jobs. However, the persistent low margins and lack of reasonable returns for reinvestments, are impacting our ability to continue to invest in such solutions, despite the various cost optimization and efficiency improvement measures that we have been implementing as part of IVL 2.0 transformation.”