Unsaturated polyester resin prices in China declined during the first half of May 2026 due to falling feedstock costs, weak downstream demand, and bearish market sentiment. Lower ethylene glycol, maleic anhydride, and n-butane prices reduced production costs, while easing US-Iran tensions weakened crude oil premiums. Demand from construction, fiberglass, and manufacturing sectors remained sluggish, limiting procurement activity for unsaturated polyester resin. Downstream operating rates also declined, with buyers purchasing only for immediate needs. Despite some maintenance shutdowns, overall supply remained sufficient, increasing market competition and discounting pressure. Looking ahead, weak demand and stable supply are expected to keep unsaturated polyester resin prices under pressure.
Unsaturated polyester resin prices in China declined during the first half of May **** amid weakening feedstock costs, sluggish downstream demand, and bearish market sentiment. The unsaturated polyester resin market faced pressure as ethylene glycol prices corrected sharply following easing geopolitical tensions between the US and Iran, which reduced crude oil premiums and weakened production costs. Lower maleic anhydride and n-butane prices further reduced cost support for unsaturated polyester resin producers. At the same time, downstream industries operated at low rates due to weak construction and manufacturing demand. Poor orders from the property and fiberglass sectors also limited procurement activity for unsaturated polyester resin.
The unsaturated polyester resin industry in China experienced subdued trading activity as buyers adopted cautious purchasing strategies. Polyester manufacturers reduced operating rates, while downstream weaving sector utilization dropped below ***, reducing demand for unsaturated polyester resin and related raw materials....
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