The situation on the European PET market also remained unclear in October 2018. Developments were heterogeneous. After the paraxylene reference contract for September had been in dispute for a very long time, before finally moving up by more than €200/t ($226), producers attempted to push through the cost increase.

In Western Europe, there was no compelling reason to buy, given that the season was coming to an end. More volumes from Asia were entering the market again and pushing down spot prices.

The paraxylene reference for October again involved lengthy negotiations. In the end, a moderate price drop resulted. Contract prices will most probably tend further downward, since supply in the low season is likely to be boosted by imports in light of the sharp fall in prices in Asia.