Asia PET Resin Market Update: Export Prices Jump as November Sells Out & PTA Tops $1,000

According to the October 30, 2026 ICIS Polyethylene Terephthalate market assessment, Asian PET export prices rebounded firmly this week on the back of bullish upstream feedstocks and persistent supply constraints. With most exporters sold out of November allocations, spot discussions shifted to December shipments as offers climbed to $1,250–$1,260/tonne FOB China by late week.

Key Price Indicators & Operational Metrics

• December Offers Surge: Driven by a $33/tonne jump in PTA costs and a rebound in MEG after five weeks of declines, Chinese exporters raised December shipment offers from $1,180–$1,200/tonne in early week to $1,250–$1,260/tonne FOB China by Friday, with sporadic November cargoes priced $10–$20/tonne higher.
• Plant Outages Restrict Supply: Unscheduled shutdowns at Fujian Billion Petrochemicals (Lines 1 & 2 totaling 700 kt/year offline until mid-November) and scheduled maintenance at Sanfame Group (Line 6, 750 kt/year) kept China's bottle-grade operating rate restricted at 58.3%.

Procurement Advisory for Global Converters

While downstream converters remain cautious amid the year-end seasonal lull and elevated ocean freight rates, upstream cost pressure and sold-out November order books continue to push forward prices upward. Although regional output in China may see partial relief from plant restarts in mid-November, buyers requiring December delivery are advised to lock in container allocations promptly to hedge against further feedstock-driven hikes.