Regional Supply and Demand
- China: Operating rates constrained, limiting PET resin supply
- Southeast Asia: Prices stable to slightly higher due to upstream costs
- India: Moderate price support from feedstock increases
Fibre grade PET and film grade PET demand remains steady, maintaining market balance.
Price Analysis
Bottle Grade PET (FOB)
- China: USD 1,190–1,250/tonne
- Taiwan: USD 1,470–1,530/tonne
- Southeast Asia: USD 1,320–1,570/tonne
- India: USD 1,350–1,530/tonne
Fibre & Film Grade
- Fibre prices steady
- Film prices stable, supported by tight supply
Upstream Feedstock
- PTA slightly up
- MEG remains elevated, sustaining 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 continue into late May
- Downstream buyers remain selective
- Prices likely to stay firm unless feedstock costs drop
Conclusion
The Asia PET market is in a tight, cost-supported phase, with:
- Limited supply
- Firm PET resin and R-PET prices
- Selective downstream demand
Short-term trend: stable to firm
