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Asian PET: Prices steady as demand softens after restocking / China's PET offers hold despite higher feedstock costs / Polyester market quiet amid high inventories, volatile crude

Asian PET: Prices steady as demand softens after restocking / China's PET offers hold despite higher feedstock costs / Polyester market quiet amid high inventories, volatile crude

Feb 20, 2025

Asian polyethylene terephthalate prices held steady in theweek ended Feb. 19 as buying activity remained subdued. bottle-grade PET FOB Northeast Asia at $805/mt as of Feb. 19, stable week over week. Similarly, FOB Southeast AsiaPET prices remained unchanged at $905/mt over the same period.Chinese PET producers kept offers largely stable despitehigher upstream costs, as demand softened following a briefpost-holiday restocking surge. "The past two weeks were relatively good, but now thatbuyers have replenished stocks, demand has slowed," a Chineseproducersaid.A similar trend played out in Southeast Asia. "Even at this level, trade remains slow, with no clear reason--just weak sentiment," a Thai producer said, adding uncertaintyover whether the upcoming summer season would bring theusual demand boost for bottle-grade PET.Meanwhile, China's polyester yarn and fiber markets remainedquiet in the week.High inventories and...

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