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Asian PET prices fall due to weak demand and lower feedstocks / Weak demand in China drives PET spot supply / Crude price uncertainty is keeping buyers away from the market

Asian PET prices fall due to weak demand and lower feedstocks / Weak demand in China drives PET spot supply / Crude price uncertainty is keeping buyers away from the market

Mar 10, 2025

The Asian polyethylene terephthalate (PET) market weakenedin the week ended March 5, pressured by falling crude andfeedstockcosts.bottle-grade PET FOB Northeast Asia at$795/mt on March 5, down $5/mt week on week, while PET FOBSoutheast Asia fell $10/mt to $870/mt over the same period.In China, bottle-grade PET extended its downtrend, as weakerupstream crude and feedstock prices weighed on sentiment.In upstream markets, PTA CFR China fell $18/mt week on weekto $637/mt on March 5, while MEG CFR China fell $5/mt to $536/mt over the same period.Despite lower feedstock costs, thin margins, and lowprocessing fees--heard around Yuan 420/mt--have providedsome price support, preventing a sharper decline.Meanwhile, spot availability remained ample, with increasedMarch-loading offers, further underscoring weak buying interest.Southeast Asia shared a similar cautious tone, with sourcesnoting that crude market uncertainties have capped discussions,keeping buyers on...

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