1.Today's Summary

①. Today, the mainstream price of pure white clean sheets for imitation large-scale production in Jiangyin is around 5200 yuan/ton, and the mainstream price of blue and white clean sheets for imitation large-scale production is 5100 yuan/ton.

②. In this trading day, the spot price of PTA is -110 to 5300, ethylene glycol -31 to 4635, with a combined polymerization cost of 5733.675, a decrease of 104.44 from the previous trading day. (Unit: yuan/ton)

2.Spot Overview

Table 1 Summary of Domestic Recycled PET Prices (Unit: yuan/ton)

Using Jiangsu as the benchmark, today's price for pure white clean sheets for imitation large-scale production closed at 5200 yuan/ton, unchanged from the previous period, in line with early expectations. The textile manufacturing industry is steadily achieving full resumption of work and production, with raw material inventories continuously decreasing. Meanwhile, the market for recycled winter wool containers is gradually becoming more active, with market circulation inventory tightening, prices stabilizing with minor fluctuations, and product transactions gradually returning to normal levels.

3.Production Dynamics

The weekly capacity utilization rate of recycled PET is 39.8%, an increase of 11.1% from the previous period. Most terminal and downstream recycled fiber plants have ended their holidays, and market operators are gradually resuming operations, with enterprise operating loads increasing. Washing plants have mostly ended their holidays, and the operating load of recycled PET enterprises is gradually and broadly increasing. The daily profit margin for recycled PET is 400 yuan/ton.

4.Price Forecast

As production enterprises gradually resume operations, overall capacity has not yet fully recovered. Demand in the terminal textile market remains weak, and new orders are unstable. At the same time, downstream chemical fiber companies are slowing down shipments, purchasing raw materials mainly to meet current needs, with low willingness to accumulate inventory. Currently, it is the off-season for wool container supply, and market circulation inventory is tight, with many recycling and packaging stations choosing to hold onto their goods, showing strong reluctance to sell. Due to limited profit margins, many washing and processing companies remain shut down. Considering the supply and demand situation, it is expected that the recycled PET market will continue to fluctuate within a certain range in the short term.

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