Recycled PET Daily Review: Recycled PET Remains Steady

1. Today's Summary

①、 Today, the mainstream price of Jiangyin imitation Dahuashangji pure white sheets is around 4350 yuan/ton, while the mainstream price of imitation Dahuashangji blue and white sheets is 3950 yuan/ton.

②、 On this trading day, the PTA spot price increased by 63 to 5018 yuan/ton, ethylene glycol increased by 76 to 3598, resulting in a polymerization cost of 5495.72, compared to the previous trading day. Increased by 79.33. (Yuan/ton)

2. Spot Overview

Based on the Jiangsu region, today's imitation Dahua Shangji pure white closed at 4,350 yuan/ton, unchanged from the previous period. 。 Although the prices of virgin polyester fiber and new material polyester chips have risen due to the support of polymerization costs, the price gap between new and old materials has increased, providing a certain boost to the recycled market. Additionally, During the winter off-season, the circulation of raw bottles in the market is relatively tight, and cleaning factories tend to produce and sell according to demand due to weak expectations.Terminal demand is weak, and the support from just-in-need orders is insufficient. Consequently, recycled fiber manufacturers face pressure in production and sales. Purchasing is cautious and only maintains essential needs. The recycled PET bottle flake market operates in a range-bound manner.

Figure 1 Domestic Recycled PET Price Trend (Unit: Yuan/Ton)	Figure 2 Domestic Recycled PET Prices in Various Regions (Unit: Yuan/Ton)
Data Source: Longzhong Information	Data source: Longzhong Information

3. Production Status

The weekly capacity utilization rate of recycled PET is 44.2%, a decrease of 0.3% compared to the previous period. This week's virgin and recycled PET bottle flakes have the same decline. The profit of recycled PET remains stable. The daily profit for producing PET is 200 yuan per ton.

Figure 3 Domestic Recycled PET Capacity Utilization Rate Trend Chart	Figure 4 Comparison of Recycled PET Profit and Price (Unit: Yuan/Ton)
Data source: Longzhong Information	Data Source: Longzhong Information

4. Price Prediction

In the winter, due to the cold weather, the recycling of PET bottles is limited, and the outlook for cleaning plants is not optimistic. With limited profit margins, there is a strong mindset of pressing down on raw material procurement prices, and selling prices remain firm. However, with limited support from just-in-time orders, the production and sales of recycled fiber plants are below expectations. Under cost-control considerations, raw material procurement is primarily cautious and based on actual demand. Amid the supply and demand game, the recycled PET bottle market is expected to undergo short-term range-bound consolidation.

5. Related Product Information

Polyester chip market: As of press time, Today, the polyester chip market semi-dull chip closed at The market price for semi-dull chips closed at 5680 yuan/ton, and for bright chips at 5710 yuan/ton, representing an increase of 30 and 25 respectively compared to the previous working day. Polyester costs continue to rise, and the transaction prices in the polyester chip market continue to move upward. However, the market still holds a pessimistic outlook on future supply and demand as well as costs, and transaction prices in the market show differentiation. 。