Market Overview
The Asia PET market remained stable to firm this week, supported by elevated feedstock costs and constrained supply. Downstream buyers remain cautious, purchasing mainly on a need-to basis.
Regional Supply and Demand
- China: Operating rates remain low, keeping PET resin supply tight
- Southeast Asia: Prices stable to slightly higher due to upstream cost pressure
- India: Moderate price support from feedstocks
Fibre grade PET and film grade PET demand remains steady, maintaining market balance.
Price Analysis
Bottle Grade PET (FOB)
- China: USD 1,180–1,240/tonne
- Taiwan: USD 1,460–1,525/tonne
- Southeast Asia: USD 1,310–1,560/tonne
- India: USD 1,340–1,520/tonne
Fibre & Film Grade
- Fibre prices steady
- Film prices stable due to tight supply
Upstream Feedstock
- PTA slightly increased
- MEG remained elevated, supporting PET price trends
Production & Inventory (China)
- Operating rate: ~77–78%
- Inventory: 9–14 days
- Sales-to-output ratio: Slightly lower than last week
Market Outlook
- Supply constraints expected to persist into May
- Downstream buyers selective, purchasing based on immediate needs
- Prices likely to stay firm unless feedstock costs decline significantly
Conclusion
The Asia PET market is in a tight, cost-supported phase, with:
- Limited supply
- Firm PET resin prices
- Selective downstream demand
Short-term trend: stable to firm
Asia PET market, PET resin, bottle grade PET, fibre grade PET, film grade PET, China PET supply, FOB China, PET price trends, Asia PET prices
