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China's PET Resin Supply: Gradual Recovery in Production Capacity
2025-03-11
As the second half of the month unfolds, China's Polyethylene Terephthalate (PET) bottle-grade resin market is experiencing a measured recovery in production capacity. Following the Lunar New Year holiday, scheduled maintenance at multiple facilities led to a temporary decline in polyester operating rates. However, since late February, market sentiment has improved, with PET resin trading activity picking up and social inventory levels gradually decreasing.
Market Trends & Production Outlook
- Current Operating Rates: As of early March, China's overall polyester operating rate remains at approximately 89%, with bottle-grade PET utilization hovering around 77%-78%. (Source: China Chemical Fiber Network, March 2025)
- Projected Increase: If scheduled production restarts proceed as planned, bottle-grade PET utilization rates are expected to surpass 80% by late March, potentially pushing overall polyester operating rates toward 92%-93%. (Forecast based on market analysis from ICIS and China Chemical Fiber Network, March 2025)
- Supply-Side Adjustments: Several PET resin producers, including leading facilities, are set to resume operations in mid-to-late March. However, uncertainties remain, as some large-scale units have adjusted their reopening timelines, which could shift supply recovery into April. (Source: Industry production schedules, March 2025, sourced from local trade publications)
Demand & Inventory Trends
- Inventory Levels: With continued demand from downstream industries, inventories have been gradually decreasing, relieving some supply pressure. (Source: Market data from Plastics News and China Chemical Fiber Network, March 2025)
- Domestic & Export Demand: Export markets, particularly in Southeast Asia and South America, remain stable. Domestic demand in China is also strengthening as operations in key sectors such as beverage packaging and consumer goods gradually resume post-holiday. (Market demand insights from sector reports, China National Petroleum Corporation, March 2025)
Commitment to Supply Chain Stability and Product Quality
As a leading player in the PET resin industry, Wankai New Materials Co.,Ltd. is dedicated to:
- Ensuring a Consistent and High-Quality PET Resin Supply: We are committed to delivering a reliable and high-quality PET resin to our global partners, maintaining stable supply as much as possible even during periods of market volatility.
- Implementing Advanced Manufacturing Technologies: Our investment in cutting-edge technologies allows for improved production efficiency, enabling us to meet the growing demands of the global market while maintaining cost-effectiveness.
- Strict Adherence to Quality Standards: We maintain rigorous quality control processes to ensure that all bottle grade PET resin products comply with international regulations, including FDA, EU, and GB standards. Our commitment to quality is a cornerstone of our operational excellence and customer satisfaction.
Outlook for the PET Resin Market
While fluctuations in supply are expected to continue in the short term, we anticipate that the PET resin market will stabilize as production capacity increases and demand solidifies. Wankai New Materials Co., Ltd. will continue to monitor market trends closely and adapt proactively to changes in demand and supply dynamics.
We advise our customers to stay updated on market developments in order to effectively optimize their procurement strategies and secure a reliable supply of high-quality PET resin.