Weakening Bottle Chip Futures, Recycled PET Demand Softly Consolidates

Today, the domestic recycled PET market was generally stable but slightly weak, with transactions mainly consisting of sporadic rigid-demand orders and limited market fluctuations. In terms of prices (ex-factory, excluding tax), East China pure white cold-washed recycled PET pellets were at RMB 7,050–7,150/ton, unchanged during the day; blue-and-white standard pellets were at RMB 6,800–6,900/ton, down slightly by RMB 30; mixed-color recycled pellets were at RMB 6,350–6,450/ton, with some sellers offering concessions to move cargo. On the cost side, virgin PET bottle chip futures declined during the day, weighing on market sentiment. Supply of used bottle bales was ample, flake material prices remained stable at low levels, and there were no significant changes in the costs of recycled washing and pelletizing.

On the supply and demand side, the average operating rate in the recycled PET industry is 45%, with overall industry load remaining stable and no concentrated shutdowns or maintenance. Conventional-color recycled PET supply in the market is sufficient, while high-white, water-free, clean pellet supply is relatively tight. Downstream chemical fiber, strapping, and injection molding enterprises are facing weak off-season demand, with slow shipments of end products. Manufacturers are only maintaining routine just-in-time replenishment, with no large-scale stocking activity. Trading in the market is sluggish, traders and end users have a strong wait-and-see sentiment, and the overall market transaction atmosphere is weak.

PET bottle chip futures are operating weakly, with a lack of rebound support in the market. Looking ahead, there is no significant boost from either the raw material or demand side, and the recycled PET market is expected to continue a stable, slightly weak, and narrow range consolidation pattern in the short term.

(The data in this article is compiled from public information and is for market reference only; it does not constitute any investment or trading advice.)