October polyester bottle chip prices show a trend of first declining, then stabilizing, and finally rising

October 30th, news

In October 2025, the price trend of polyester bottle chips in China showed a pattern of first declining, then stabilizing, and finally rising, but the overall fluctuation was relatively small. According to the data, on October 30, the average selling price of PET was 5785 CNY/ton.

price trend

Early October saw a downward fluctuation: In early October, the overall performance of the polyester chip market in China was relatively weak, with prices fluctuating downward. According to data, on October 10th, the price in East China closed at 5,812 CNY/ton, a decrease of about 40 CNY/ton from before the holiday. Subsequently, most polyester chip companies in China lowered their quotes by 20-50 CNY/ton.

Mid-month prices stabilized: On October 14, polyester bottle chip factories in China mostly reduced their quotes by 20-50 yuan. On the 16th, due to the influence of raw materials, some brands' prices increased by 30 yuan. Overall, mid-month prices showed a trend of stabilizing after fluctuating and declining.

Late month saw a decline followed by a rise: According to data, on October 24, the average selling price of PET was 5755 CNY/ton. At the beginning of the week, the price of polyester bottle chips fell due to the weakening of crude oil. Subsequently, geopolitical risks pushed oil prices to rebound, and cost support increased, leading to a halt in the price decline and a subsequent rise. By October 29, the market had slightly adjusted, and on October 30, the market saw a narrow increase. Some brand quotations were as follows: Hainan Yisheng 5780 CNY/ton, Dalian Yisheng 5760 CNY/ton, China Resources 5830 CNY/ton, and Haoyuan 5680 CNY/ton.

Market Analysis

Cost Factors: In early October, international oil prices declined due to easing geopolitical tensions, such as the ceasefire between Israel and Palestine, while PTA markets also weakened significantly. This lack of crucial cost support for bottle-grade chips became the primary downward pressure on prices. However, in mid-to-late October, geopolitical risks once again pushed oil prices higher. At the same time, positive policy signals emerged: the Raw Materials Industry Division of China’s Ministry of Industry and Information Technology announced that it would hold a "Seminar on the Development of PTA and Bottle-Grade Polyester Chip Industries" on October 29. This move aims to prevent and address the industry’s increasingly intense competitive pressures, sharply boosting market confidence and playing a key role in reversing cost expectations and driving a rebound in bottle-grade chip prices.

Supply-and-demand dynamics: On the supply side, this week the industry’s capacity utilization rate remained steady at around 72.59%. Major manufacturers continue to implement production-cutting plans, yet the market still enjoys ample spot supply. Persistent overcapacity remains a long-term challenge for the industry, effectively curbing price increases. Meanwhile, demand is currently in the seasonal off-season, as cooler weather has led to a modest decline in soft drink and foodservice consumption. Downstream end-users are largely adopting a "just-in-time purchasing" approach, showing little enthusiasm for large-scale stockpiling.

Export situation: According to customs statistics, the total export volume of polyester bottle flakes from January to September 2025 reached 4.81 million tons, representing a year-on-year increase of 14%. In September alone, exports amounted to 468,000 tons, up 7% compared to the same period last year—but down 10% from the previous month. Influenced by rising upstream raw material costs, polyester bottle flake manufacturers have raised their export pricing. Currently, mainstream bottle flake producers in East China are negotiating prices in the range of $750–770 per ton FOB Shanghai Port.

It is believed that the future market will experience a warm fluctuation. The cost side is expected to strengthen due to geopolitical support, providing a cost support for bottle chips. However, with stable supply and ample spot availability, and demand being in a seasonal low period, mainly driven by essential needs, the upward space for bottle chip prices is limited. It is estimated that the price will fluctuate within the range of 5600-5800 CNY per ton.