Chinese beverage brands raise prices as PET resin climbs 43% from its 2026 low
China's PET spot price stood at CNY 9,046.67 per tonne (USD 1,354.70) on 12 October 2026, 43% above its 2026 low of CNY 6,322.5 (USD 946.8), and beverage brands including Genki Forest, Wahaha, China Resources C'estbon and Eastroc have raised factory-gate prices. Bottle-chip producers have been the main beneficiaries: Wankai New Materials' first-half net profit rose 910% to CNY 562m (USD 84m) as its bottle-grade PET gross margin rose to 9.64% from 3.18%, and China Resources Materials and ST Sanfangxiang also swung to profit.
Why this mattersA sustained PET cost shock shifts pricing power toward resin producers such as Wankai and squeezes margins for beverage and food-service packaging buyers.
- China PET spot price was CNY 9,046.67/tonne (USD 1,354.70) on 12 October 2026, up 43% from a 2026 low of CNY 6,322.5/tonne (USD 946.8)
- Genki Forest, Wahaha, China Resources C'estbon and Eastroc Beverage have raised factory-gate prices; PET is close to 80% of a drinks bottle's production cost
- Wankai New Materials' first-half net profit rose 910% year on year to CNY 562m (USD 84m)
- Wankai's bottle-grade PET gross margin rose from 3.18% to 9.64%
- China Resources Materials posted first-half net profit of CNY 253m (USD 38m), against a CNY 121m (USD 18m) loss a year earlier
- ST Sanfangxiang reported attributable net profit of CNY 4.93m (USD 0.74m), against a CNY 262m (USD 39m) loss a year earlier