[Recycled PET Daily Review] Recycled PET Runs Locally Warm

1. Today's Digest

①、 Today, the mainstream price for pure white net chips of imitation Dahua upper machine in Jiangyin is around 4550 yuan/ton, and the mainstream price for blue and white net chips of imitation Dahua upper machine is 4150 yuan/ton.

②、 Today's PTA spot price increased by 130 to 5287 yuan/ton, while ethylene glycol increased by 114 to 3792 yuan/ton, resulting in a polymerization cost of 5790.71, compared to the previous trading day. Increased by 149.34 yuan/ton.

2. Spot market overview

Based on Jiangsu, today's price of imitation Dahua machine-made pure white is 4550 yuan/ton, up 50 yuan/ton from the previous period. Boosted by relatively strong aggregate costs, prices of large chemical fibers and virgin polyester chips have risen, widening the price difference between virgin and recycled materials, which has boosted market sentiment in the recycling sector. In addition, the rough [material/product/etc.] PET bottle recycling remains challenging with limited market supply. Aggregators and washing plants are operating at low capacity and mostly holding prices firm, reluctant to sell. As the twelfth lunar month approaches, downstream demand gradually decreases, with insufficient order support. Recycled polyester staple fiber (rPSF) plants are experiencing sluggish sales and production, adopting a cost-control mentality and prioritizing cautious, need-based raw material procurement. The recycled PET flakes market is experiencing localized price increases while remaining stable in many regions.

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

3. Production dynamics

Recycled PET weekly capacity utilization rate was 42.5%, down 0.5% from the previous period. This week, the price drops for rPET bottles and recycled PET flakes were the same. Recycled PET profits remain stable. The daily profit for recycled PET is 200 yuan per ton.

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

4. Price Prediction

Terminal weaving operating rate continues to decline, demand is weak, recycled chemical fiber plants have limited production and sales, and under the cost control mentality, raw material procurement is cautious and only for essential needs. The market supply of unbranded bottles is limited, and with dim future prospects for cleaning plants and limited profit margins, there is a strong mentality to drive down raw material procurement prices, while at the same time a strong mentality to maintain high selling prices. The short-term recycled PET flake market is expected to fluctuate within a narrow range.

5. Related Product Information

Polyester Staple Fiber Market: As of press time, Polyester chips today Market half-cut slices closed at 5975, Bright slicing market closed at 6020 yuan/ton, up 135 and 120 respectively from the previous working day. Under strong expectations, capital sentiment favors, and polyester costs continue to rise. The transaction focus of the polyester chip market has shifted upward significantly. Downstream demand is mainly for stocking up, and the overall atmosphere in factories is good. 。

6. Data Calendar

Table 2 Overview of Upstream and Downstream Data of Recycled PET in China (Unit: tons)