Asia PET Resin Market Update: Prices Firm Up as Turkey Imposes $120/Tonne Safeguard Duties

According to the July 17, 2026 ICIS Polyethylene Terephthalate market assessment, Asia export prices have trended stable-to-firm tracking stronger crude and feedstock gains[span_18](start_span)[span_18](end_span). Concurrently, a major regulatory shift has taken place as Turkey officially applies definitive safeguarding duties on international PET imports through 2028[span_19](start_span)[span_19](end_span).

Key Price Indicators & Global Trade Shifts

• Turkey Safeguarding Impact: Turkey has established definitive import duties of $120/tonne for the remainder of 2026, dropping slightly to $115 in 2027 and $110 in 2028[span_20](start_span)[span_20](end_span). Consequently, premier PET resin manufacturers in China are redirecting massive trade volume to alternative overseas markets, amplifying regional competition[span_21](start_span)[span_21](end_span).
• Active Downstream Replenishment: As global buyers deplete older high-cost stocks, the recent price gains have sparked an increase in restocking enquiries[span_22](start_span)[span_22](end_span). Driven by production adjustments and tight inventory floors, the current cost-push environment is expected to keep the market firm[span_23](start_span)[span_23](end_span).

Procurement Advisory

With global shipping capacity remaining tight and alternative markets seeing a massive influx of redirected cargo due to the newly applied European-adjacent tariffs, buyers are highly encouraged to secure contract allocations early[span_24](start_span)[span_24](end_span). Locking in immediate direct factory terms prevents exposure to subsequent freight hikes or feedstock price shocks[span_25](start_span)[span_25](end_span).