What is driving the recent surge in PET spreads, and how is Alpek expecting it to impact its Q2 results?

According to the news, PET spreads in Asia were trending towards $300/tonne in April — up sharply from $160–170/tonne in January–February — due to supply chain disruptions caused by the ongoing Iran war, which has made feedstock sourcing challenging in Asia; Alpek’s management stated this surge is 'likely to provide a boost to its Q2 results'.

What is the scope and expected financial impact of Alpek’s polypropylene (PP) upgrade project in Mexico?

Alpek is investing $70 million in a PP upgrade in Mexico focused on producing PP-derived specialty materials for automotive and home appliance sectors; the project is expected to be completed within roughly a year and could add between $20 million and $30 million to annual core earnings.

Mexico’s Alpek Upbeat on PET as Spreads Shoot Up, PP Upgrade to Fuel Future Gains – Execs

Apr 23, 2026

Alpek anticipates improved Q2 performance due to surging PET spreads caused by Middle East conflicts, alongside a $70 million PP upgrade projected to increase annual earnings by $30 million.

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Mexico’s Alpek Upbeat on PET as Spreads Shoot Up, PP Upgrade to Fuel Future Gains – Execs

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