Chemicals Updates

Asian Recycled PET: Prices extend decline on weak demand, stabilizing bale prices / Southeast Asia buyers hold full inventories / Malaysian and Thai bale prices stabilize

May 20, 2026

Asian recycled polyethylene terephthalate prices extend decline on persistently weakening demand and stabilizing bale prices. the Recycled-PET clear flakes FOB SE Asia Daily prices down $10/mt week over week at $910/mt. the Recycled-PET clear flakes premium grade FOB SE Asia Daily down $10/mt week over week at $930/mt. the Recycled-PET food-grade pellets FOB SE Asia Daily down $40/mt week over week at $1,300/mt. One Indonesian recycler indicated little to no inquiries in the week to May 13. He explains that "demand in Southeast Asia has declined as many brandowners' and converters' inventories are full." Buyers are unwilling to make purchases to build inventory at such elevated prices. Despite the drop in demand from the previous weeks, overall recycled PET demand remained elevated relative to prewar levels. One Thai recycler was...

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