Chemical Updates

Asian PET: Prices soften amid crude volatility / Buyers adopt cautious approach / China domestic polyester filament yarn sales ratio improves

Aug 03, 2026

Asian bottle-grade PET prices softened in the week to July 29 as buyers adopted a cautious approach amid volatile crude prices. PET FOB China at $990/metric ton on July 29, down $10/mt from the previous week. PET FOB Southeast Asia fell $15/mt to $1,080/mt over the same period. Upstream, the ICE September Brent futures contract declined $6.61/barrel week over week to $87.34/b at 4:30 pm Singapore time (0830 GMT) on July 29. Feedstock prices showed a mixed trend. Asian PTA at $803/mt FOB China, down $28/mt week over week, while Asian MEG rose $28/mt to $640/mt CFR China over the same period. Market participants in China reported subdued activity, with several buyers preferring to purchase only as needed rather than build inventory. “Most purchases are for immediate needs, with almost...

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