WKAI, 15 Wenlan Road, Jiaxing (2026)

12/10/2026

🌏 Wankai New Materials Visits Indonesia to Assess PET Project Preparations

Wankai New Materials General Manager Xiao Haijun recently led a delegation to Indonesia to assess key conditions for the company’s 1.5 million-ton-per-year food-grade polyethylene terephthalate (PET) project.

The planned facility represents a further step in Wankai’s international manufacturing footprint, with a focus on food-grade PET resin production to serve packaging-related markets.

During the visit, the delegation reviewed the project site, industrial park infrastructure, port facilities, power supply, monoethylene glycol (MEG) storage and transportation, and foundation engineering. The team also met with local industrial park representatives and industry partners to discuss raw material supply, logistics coordination, engineering services and localized operations.

In Jakarta, discussions with Wankai's local sales, logistics and warehousing teams focused on business developments and operational coordination.

These assessments will help inform planning for the project's first phase. Wankai New Materials will continue working with local stakeholders and supply chain partners to advance preparatory work for the Indonesia project.

09/10/2026

📈 Rising Feedstock Costs Put China's PET Market in Focus

China's polyester market has seen renewed upward pressure from rising upstream feedstock prices in early October.

🔹 Higher paraxylene (PX) prices and supply-side maintenance have contributed to increased cost pressure across the polyester value chain.

🔹 For bottle-grade polyethylene terephthalate (PET) resin, rising raw material costs influence market quotations, while actual price movements will also depend on downstream demand and supply conditions.

📊 Will rising costs translate into sustained PET price increases? The balance between feedstock costs and downstream purchasing activity will be worth watching in Q4 2026.

👉 Read Wankai New Materials' market analysis:
https://wkaiglobal.com/blogs/china-s-pet-market-faces-a-cost-demand-imbalance-as-feedstock-prices-rise

30/09/2026

🇨🇳 National Day Holiday Notice

Wankai New Materials will observe the National Day holiday from October 1 to October 7, 2026.

During the holiday period, our operations will remain limited, and responses to inquiries may take longer than usual.

Thank you for your understanding and continued support.

We wishe everyone a safe and pleasant holiday! 🇨🇳

26/09/2026

📈 Wankai's Parent Company, ZHINK Group, Moves Up 47 Places in 2026 China Top 500 Private Enterprises

The 2026 China Top 500 Private Enterprises list was released by the All-China Federation of Industry and Commerce (ACFIC) in Tianjin on September 22.

Zhejiang ZHINK Group Co., Ltd., the parent company of Wankai New Materials, ranked 283rd among China's Top 500 Private Enterprises, moving up 47 places from the previous year. The Group also ranked 212th among China's Top 500 Private Manufacturing Enterprises, up 21 places year on year.

🏭 About ZHINK Group
Founded in 1992, ZHINK Group is a diversified industrial group with two principal business areas: polyethylene terephthalate (PET) and textile.

Wankai New Materials is a core company within the Group's PET industry, specializing in the R&D, production and sales of polyester materials.

🌍 With operations and business activities extending across multiple regions, ZHINK Group continues to advance its “ZHINK 2030” strategy, focusing on industrial upgrading, innovation and global development.

For Wankai New Materials, the Group's industrial platform provides continued support for the development of its PET business and international markets.

25/09/2026

🌕 Happy Mid-Autumn Festival from Wankai New Materials!

As the Mid-Autumn Festival brings families and friends together under the full moon, Wankai New Materials would like to extend our warmest wishes to our customers, partners and friends around the world.

May this special occasion bring peace, happiness and togetherness to you and your loved ones.

📅 Holiday Notice
Wankai New Materials will be on holiday from September 25 to September 28, 2026.

During this period, our operations will remain limited, and responses to inquiries may take longer than usual. We appreciate your understanding and will respond to messages as soon as possible.

🌏 Thank you for your continued trust and cooperation.

Wishing you and your family a happy and peaceful Mid-Autumn Festival!

24/09/2026

⚖️ South Africa Launches New Anti-Dumping Investigation on PET resin

On September 18, 2026, the International Trade Administration Commission of South Africa (ITAC), acting on behalf of the Southern African Customs Union (SACU), formally initiated a new anti-dumping investigation concerning polyethylene terephthalate (PET) products originating in or imported from Egypt, Oman and the Chinese mainland.

For PET from the Chinese mainland, the investigation is specifically limited to products manufactured by enterprises under Jiangsu Sanfame Group.

📌 Key details:
• Targeted tariff codes: 3907.61.10, 3907.61.90, 3907.69.10 and 3907.69.90
• Dumping investigation period: March 1, 2025 – February 28, 2026
• Injury investigation period: March 1, 2023 – February 28, 2026

📩 Looking for PET resin supply from a manufacturer? Contact Wankai New Materials for product and supply information.
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20/09/2026

ASEAN Officially Releases Unified Plastic Packaging Guidelines🌏

Launched under the SEA-MaP program, the new regional guideline aims to standardize fragmented plastic packaging regulations across ASEAN nations. It is designed to streamline cross-border compliance and eliminate unnecessary trade barriers for packaging products within the region.

Core Policy Highlights 📋
- Non-mandatory framework: The document acts as a unified regional reference instead of legally binding legislation, offering flexible adoption for all member states.

- Key scope adjustment: Regional-level technical rules for food-contact plastics have been removed, including mandatory chemical migration limits and hazardous substance control provisions previously scheduled for implementation.

- Single-use plastic phase-down: A supporting guidance is released to help each country roll out tailored single-use plastic reduction roadmaps based on local conditions.

- Ongoing circular economy upgrades: ASEAN is developing EPR toolkits and recycled plastic trade standards in 2026 to build a more unified regional plastic waste management system.

National Regulatory Strengthening ⚖️
While the new regional guideline relaxes unified food packaging requirements, major ASEAN economies are tightening local regulatory standards. Indonesia and Thailand have both updated their food contact material rules, imposing stricter oversight on recycled packaging materials and restricting high-risk chemicals such as PFAS and bisphenols.

Market Implications for PET and rPET ♻️
As multi-material and single-use plastics face gradual phase-outs, single-material PET stands out with superior recyclability and mature regional recycling infrastructure. Upcoming EPR policies strongly favor easily recyclable packaging formats, while stricter domestic food safety rules continue to drive steady market demand for compliant food-grade rPET in food, beverage and FMCG industries.

18/09/2026

📊 Bottle-Grade PET Chips Weekly Update | Sep 14–18

China’s bottle-grade PET market showed a rise-then-fall pattern this week, with crude oil and upstream feedstock movements remaining key market drivers.

At the same time, continued pressure on polyester processing margins has led PET producers to maintain lower operating rates, keeping market supply relatively tight.

🔹 Cost Side | Crude Oil Sets the Tone
Crude oil moved higher early in the week amid supply disruption concerns, supporting naphtha, PX and PTA. Meanwhile, several coal-to-MEG units resumed operations, while relatively tight port inventories kept MEG prices firm.

Toward the end of the week, easing concerns over crude supply disruptions brought oil prices lower, followed by declines in PX and PTA. MEG, however, remained comparatively firm as domestic supply recovered gradually. The different movements of PTA and MEG continued to weigh on polyester margins.

🔹 Supply Side | Lower Operating Rates Continue
China’s bottle-grade PET operating rate has declined to around 60% in mid-September, compared with approximately 80% in H1 2026. Maintenance and reduced-load operations remain common among producers amid prolonged margin pressure.

Average producer inventory is estimated at around 7 days, keeping spot availability relatively constrained. However, elevated feedstock costs continue to limit downstream purchasing interest.

🔹 Demand Side | Peak Season Demand Remains Moderate
Despite the traditional peak season, beverage converters have largely focused on essential procurement and remained cautious about purchasing at higher prices.

Margin pressure across the broader polyester industry may also keep production adjustments in focus in the near term.

For international trade, container availability and ocean freight movements will also remain important factors for export planning.

Wankai New Materials will continue to monitor developments across raw materials, production, demand and logistics.

💬 Looking for bottle-grade PET supply for your market? Contact Wankai New Materials to discuss product specifications and supply options.

17/09/2026

💧 WK-901 | Bottle Grade PET for Large-Size Containers

WK-901 is a food-grade polyethylene terephthalate (PET) resin with an intrinsic viscosity (IV) of 0.870 ± 0.015 dL/g. It is mainly used for large-size bottle applications, including 5-gallon water containers, water bottles and edible oil bottles.

🔍 Key characteristics of WK-901:

🔹 Higher Intrinsic Viscosity
IV of 0.870 ± 0.015 dL/g, suitable for large-size container applications requiring a relatively high-viscosity PET resin.

🔹 Good Processing Performance
Good melt fluidity, a slow crystallization rate and good molding performance support processing in large-size container production.

🔹 Good Transparency & Strength
The PET resin offers good transparency and mechanical strength characteristics for large-format PET containers.

🔹 Low Acetaldehyde Content
AA content is controlled at ≤1.0 μg/g.

📌 Key specifications
IV: 0.870 ± 0.015 dL/g
AA: ≤1.0 μg/g
L-value: ≥83.0
b-value: ≤-0.5
Moisture: ≤0.20%

📌 Compliance: China GB 9685, GB 4806.6, EU No. 10/2011 and US FDA 21 CFR 177.1630.

Typical applications: 5-gallon water containers, large-size water bottles, edible oil bottles and high-grade APET sheets.

For technical data or product inquiries, please contact Wankai New Materials.

13/09/2026

♻️ South Korea Proposes Higher Recycled Content for PET Bottles

South Korea has proposed increasing the mandatory recycled material content for polyethylene terephthalate (PET) bottles used for drinking water and non-alcoholic beverages.

📈 Under the proposal, the requirement would increase from 10% in 2026 to 15% from 2027, subject to the ongoing administrative process.

The proposed adjustment reflects a gradual move toward higher recycled content in beverage packaging and adds another development to the evolving regulatory landscape for PET.

🔍 For the PET value chain, higher recycled content requirements may bring greater attention to:

♻️ Recycled PET availability and supply
🧪 Material quality for food-contact applications
🔎 Recycled material traceability
🔄 Collection and recycling infrastructure
⚖️ The role of both virgin and recycled PET in packaging

As different markets introduce or expand recycled content requirements, understanding the relationship between regulatory requirements, material performance and supply availability will become increasingly relevant for PET producers, recyclers and packaging companies.

📌 The proposal remains under consultation, with the consultation period scheduled to run until September 30, 2026.

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