Asia PET Resin Market Update: Export Prices Jump as Production Run Rates Plunge Below 60%

According to the September 4, 2026 ICIS Polyethylene Terephthalate report, the Asia-Pacific PET market has rebounded sharply with notable price increases across all major export hubs. Surging raw material costs and acute production cuts have tightened prompt supply, leaving several major Chinese producers completely sold out for September shipments.

Key Price Indicators & Supply Metrics

• Production Rationing Deepens: Acute feedstock crunches and negative conversion margins have forced Chinese producers to slash output further, driving overall bottle-grade operating rates down to a historic low of 59.6%.
• Depleted Inventories & Output Reductions: With factory inventories sitting at just 2–5 days and September supplies largely committed, polyester manufacturers plan an additional 10% production cut through October, effectively eliminating downward price flexibility.

Procurement Advisory for Global Converters

While downstream converters are purchasing primarily on an immediate-need basis amid firm container freight rates, supply-side rationing has created a strong upward push. With producers unwilling to increase operating rates until margins recover, buyers are encouraged to lock in October vessel schedules to avoid further cost-push spikes.