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Asian PET: Prices ease as weaker upstream costs, slow buying weigh  / Producers trim offers, restocking appetite remains thin  / China's polyester sales-to-production ratios hover near 40%

Asian PET: Prices ease as weaker upstream costs, slow buying weigh / Producers trim offers, restocking appetite remains thin / China's polyester sales-to-production ratios hover near 40%

Jun 08, 2026

Asian polyethylene terephthalate prices slipped in the week to Sept. 17, pressured by weaker upstream costs and lackluster demand. Asian PET at $755/mt FOB Northeast Asia on Sept. 17, down $5/mt week over week, while FOB Southeast Asia was assessed at $830/mt, down $15/mt over the same period. Producers in China and Southeast Asia trimmed offer levels during the week, weighed down by weaker upstream monoethylene glycol prices. Buying interest for bottle-grade PET across Asia remained slow, with most buyers showing little urgency to restock. Bids for Southeast Asian cargoes were heard around $810/mt and below, according to market sources. "However, our [PET] inventory level is not high, so we are not in a hurry to sell," a Thailand-based producer added. In China's domestic polyester yarn and fiber markets, trading...

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