Asian PET: Prices fall on lower costs and ongoing tepid demand / PET FOB China offers at 1,180-1,220 yuan/mt / Persistent bearish demand across polyester sector

Nov 05, 2026

Asian bottle-grade polyethylene terephthalate, polyester filament yarn and staple fiber prices moved lower in the week to Nov. 4 as declining upstream costs and sluggish demand weighed on spot markets. Upstream, the ICE January Brent crude futures contract dropped $6.84/b week over week to $104.03/b at 4:30 pm Singapore time (0830 GMT) on Nov. 4. On the feedstock front, purified terephthalic acid at $936/metric ton FOB China and monoethylene glycol at $690/mt CFR China on Oct. 21, down $72/mt and $20/mt week over week, respectively. Downstream, various Chinese bottle-grade PET offers from domestic producers and traders were heard at $1,180-$1,220/mt FOB China on Nov. 4. One of the domestic producers attributed the wide offer range to differing inventory and sales conditions among suppliers. "Some don’t have enough to sell, while...

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