PET resin: Trading
Zhengzhou futures, Asian export prices and rPET flake
What this tab covers How it is bought and sold: buyers and sellers, price benchmarks and who publishes them, exchanges, contract types, traders, how Indian buyers price it, recent price points, and good sources to follow.Who buys, and where
- China (largest exporter)
- South Korea, Taiwan, Thailand
- India (Reliance exports, indicative)
- Indonesia and Vietnam
Who sells, and from where
- Southeast Asia
- Middle East and Africa
- Europe
- Latin America
- South Asia
Price benchmarks
| Benchmark | Publisher | Basis |
|---|---|---|
| PET bottle grade FOB NE Asia and FOB SE Asia | S&P Global Platts | spot, weekly |
| China PET bottle chip domestic and export prices | CCF Group | spot, daily |
| NWE PET bottle grade | ICIS, Platts | monthly contract and spot |
| PET flake and rPET pellets | ICIS, Procurement Resource | spot, monthly |
Exchanges
| Venue | Contract | Notes |
|---|---|---|
| Zhengzhou Commodity Exchange | PTA futures; PET bottle chip futures (indicative) | used to hedge polyester chain risk |
| Dalian Commodity Exchange | MEG futures | glycol leg of PET cost |
Contract types
- Monthly formula contracts with large bottlers linked to PTA and MEG
- Spot export cargoes in containers or big bags
- Long-term rPET offtakes with brand owners (Coca-Cola, PepsiCo bottlers)
- Bale purchase contracts with aggregators for recyclers
Traders and distributors
- Mitsui
- Mitsubishi Corporation
- Marubeni
- Itochu
- Sinochem
How Indian buyers price it
- Reliance and IVL Dhunseri price domestic PET against Asian export prices and PTA/MEG costs; PTA itself is priced at CFR India import parity (PTA tile).
- The BIS quality-control order on PTA, which stalled imports from China from mid-2023, was withdrawn on 12 Nov 2025 (BIS notification via ELP; PTA tile).
- Recycled flake is priced separately: PET flake rose from Rs 42/kg to over Rs 55/kg in FY25 as European recyclers bought Indian flake (Readon).
Recent price points
| Date | Price | Basis | Source |
|---|---|---|---|
| 5 Mar 2025 | $795/t | PET bottle grade FOB NE Asia | Platts via S&P Global, Mar 2025 |
| 5 Mar 2025 | $870/t | PET bottle grade FOB SE Asia | Platts via S&P Global, Mar 2025 |
| FY2024-25 | Rs 42/kg to over Rs 55/kg | PET flake, India | Readon (Substack), Jan 2026 |
| 21 Jan 2026 | $687/t (feedstock) | PTA CFR India | PTA tile (Platts) |
| Q2 2026 | BOPET up about €0.55/kg; 12-micron PET film up about 40% | Europe, film converters | ESM Magazine, 2026 |
Good sources to follow
Czapp analyst insights (PET)freemium research site · CzarnikowPET resin capacity, projects and bottle demand (linked to sugar and drinks)
Readon (Substack)free Substack · ReadonIndian recycled plastics, EPR and listed recyclers
Procurement Resource newsfreemium research site · Procurement ResourcerPET and polymer price trends, India
Packaging Insightsfree newsletter · CNS MediaPackaging regulation, EPR and recycled-content news including India
ChemOrbis plastics newsfreemium research site · ChemOrbisWeekly Asian, Indian and Turkish polymer prices and sentiment