Fresh offers for polyethylene terephthalate (PET) resin have surfaced from Vietnam, with a domestic producer heard to have quoted bottle-grade PET (IV 0.84) at USD 865 per metric ton on an FOB basis for September 2025 shipment.
According to a source in Vietnam, the announcement comes at a time when sentiment in the Asian PET market remains fragile, with weak downstream demand and thin margins continuing to pressure producers across the region. Buyers have shown little urgency in committing to new volumes, citing adequate inventory levels and uncertainty over whether consumption will pick up meaningfully in the coming months.
Market participants said that the Vietnamese offer will be closely watched, as it could serve as a benchmark for upcoming negotiations in Southeast Asia. While the price is seen as competitive in comparison to some regional offers, purchasing activity is likely to remain cautious until clearer signals emerge from the broader polyester chain, particularly as converters wait for more visibility on raw material costs and seasonal demand.
With September typically marking the start of a busier procurement cycle for packaging and beverage applications, traders suggested that offers at these levels may gain traction if downstream restocking begins ahead of year-end demand. However, others noted that with global PET prices largely stable to soft, buyers could continue to hold back, expecting further concessions from sellers under the weight of persistent oversupply.
The Vietnamese offer highlights how regional producers are attempting to balance competitive pricing with the need to maintain operating margins in an environment where end-user demand has yet to show strong recovery.
