Market Overview

Recent developments in the Asia PET resin market show a clear divergence between China and other regions.

While FOB China prices remain relatively soft at $1,130–1,220/MT, prices in Taiwan, India, and South Korea have increased significantly to $1,370–1,500/MT.

Key Market Drivers

The primary factor behind this divergence is the tight supply of feedstocks, particularly PTA and MEG:

• Production constraints across Asia
• Reduced operating rates
• Force majeure declarations by major producers

Demand Outlook

Demand from Europe and the US continues to improve, supporting export activities and tightening supply in several regions.

Market Implication

The widening price gap suggests that China currently offers competitive sourcing opportunities, while global prices remain supported by supply constraints.

Recommendation for Buyers

Buyers are advised to monitor feedstock trends closely and consider securing supply before further tightening occurs.

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