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Indicative price brief for Polyethylene Terephthalate - Asia. Methodology: trade publications, broker reports, and industry sources reviewed by Nexchem. This is directional intelligence, not a regulated benchmark assessment.
CFR Asia bottle grade and fibre grade PET polyethylene terephthalate pricing. PTA and MEG feedstock cost analysis from Hormuz disruption, Chinese domestic PET capacity tracker, Indian and SE Asian packaged beverage demand, and 3-scenario price outlook. Published monthly.
Asian PET bottle grade pricing in June 2026 is up 7.9% year on year - and the mechanism is a textbook upstream cost propagation story - the Hormuz closure elevated PX pricing, which elevated PTA production cost, which elevated PET production cost, with each step adding approximately 50% to 60% of the upstream cost increase to the derivative price, creating a cascade where a geopolitical event at the Strait of Hormuz raises the cost of a bottled water container in Mumbai or Jakarta.
Asian PET supply is dominated by Chinese domestic producers with approximately 26 million MT per year of nameplate capacity - the largest concentration of PET capacity globally. Key producers include Hengli Petrochemical at Dalian with approximately 6 million MT per year, Far Eastern New Century at Ningbo with approximately 2.4 million MT per year, and Zhejiang Dongfang with approximately 1.8 million MT per year. Indian domestic PET production from Reliance Industries and JBF Industries is growing but insufficient to meet India's demand growth, maintaining India as a net PET importer for bottle grade resin. Southeast Asian PET demand from Vietnam, Indonesia, and Thailand is primarily met by Chinese and Korean exports. Demand for Polyethylene Terephthalate in Asia is driven by competing value chains across derivative chemical production and fuel blending applications. The price discovery mechanism reflects whichever end use provides the higher realised value at the margin, creating a dynamic pricing floor that shifts with benzene, gasoline, and derivative operating rates.
Hormuz Cost Cascade to PET - PET requires approximately 0.86 MT PTA and 0.33 MT MEG per MT PET. With PTA CFR Asia up USD 48 per metric tonne and MEG CFR China up USD 56 per metric tonne year on year - both elevated by Hormuz-related Middle Eastern supply disruption - combin. In the current 2026 supply and demand environment, Polyethylene Terephthalate pricing in Asia reflects both structural market conditions and active geopolitical supply chain disruption. The IMF confirmed in March 2026 that the closure of the Strait of Hormuz had disrupted approximately 20% of global seaborne oil and LNG supply. For CFR Asia PET, the Hormuz disruption is transmitted through a two-step feedstock chain - first, Middle Eastern PX import disruption elevates Asian PTA production cost, and second, Middle Eastern MEG import disruption elevates Asian MEG cost directly. Both PTA and MEG inputs to PET production are affected simultaneously by the Hormuz closure, making PET one of the downstream polymer products with the most concentrated compounding of upstream Hormuz cost impacts within the Asian chemical tracking universe. Structural Growth Market - Indian and Southeast Asian packaged beverage demand for PET bottle resin is growing at approximately 8.5% to 9.2% per year - the highest regional growth rate for any PET end market globally.
The paid report is a professionally formatted PDF with structured sections, colour-coded grade price tables, alert boxes, capacity atlas tables, a 3-scenario price outlook, and analyst cards. The accompanying Excel file contains all price data in editable format for direct integration into procurement models.
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Every Nexchem Intelligence price report includes field-level analyst commentary covering supply shortages, qualification timelines, geopolitical friction, and pricing pressure - not generic market narrative. Nexchem analysts are active in the market and attribute all field intelligence to verifiable primary sources.
The paid report includes full scenario assumptions, quarterly price ranges for Q3 2026, Q4 2026, and Q1 2027, probability weighting for each scenario, and a procurement recommendation tailored to each case - covering what to do if the bull case materialises, what to hedge in the base case, and how to protect exposure in the bear case.
The IMF confirmed in March 2026 that the closure of the Strait of Hormuz had disrupted approximately 20% of global seaborne oil and LNG supply. For CFR Asia PET, the Hormuz disruption is transmitted through a two-step feedstock chain - first, Middle Eastern PX import disruption elevates Asian PTA production cost, and second, Middle Eastern MEG import disruption elevates Asian MEG cost directly. Both PTA and MEG inputs to PET production are affected simultaneously by the Hormuz closure, making PET one of the downstream polymer products with the most concentrated compounding of upstream Hormuz cost impacts within the Asian chemical tracking universe.
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