Asia PET Market Weekly Report (April 10, 2026): Price Pressure on Bottle Grade Amid Feedstock Volatility

Regional Performance

China

Bottle-grade PET prices declined slightly toward the end of the week, reflecting lower raw material costs. However, feedstock supply remains tight, supporting overall market fundamentals.

South Korea & India

Prices softened in line with feedstock and crude oil losses.

Southeast Asia

Prices edged higher due to tight supply conditions and firm downstream demand.

Taiwan

Prices remained stable as buyers refrained from aggressive purchasing.

Price Analysis

Bottle-grade PET price ranges:

• China FOB: USD 1,155–1,210/tonne
• South Korea FOB: USD 1,390–1,430/tonne
• Taiwan FOB: USD 1,450–1,500/tonne
• Southeast Asia FOB: USD 1,280–1,550/tonne

Fibre and film grades remained stable, indicating relatively balanced supply-demand conditions in those segments.

Upstream Situation

• PTA prices decreased slightly (USD 870–890/tonne CFR China)
• MEG prices increased significantly in Asia contracts

This divergence continues to create cost-side uncertainty for PET producers.

Market Outlook

• Feedstock tightness is expected to persist in the short to mid-term
• Downstream buyers are likely to continue purchasing only for essential needs
• Market sentiment will remain cautious throughout April

Conclusion

The PET market is currently characterized by:

• Cost-side volatility
• Conservative demand behavior
• Regional divergence in pricing trends

Short-term direction will largely depend on feedstock movements and downstream recovery signals.